Americans are subject to US income tax, regardless of where they live and where they make their income. For US expats with businesses abroad, there are special requirements and issues...
Many US expats operate their own business while living abroad. In this article, we discuss the advantages and disadvantages of establishing business abroad from the standpoint of US taxes.
Establishing Business...
Expats with local or cross-border business interests commonly establish foreign business entities (e.g., corporations, sole proprietorships). Unfortunately, many US expats are caught off-guard when they learn about the filing requirements associated...
Self-Employment Tax (FICA) includes: Social Security and Medicare. For most people, this tax is equal to 15.3% of the reported net income. Normally, employers and employees split this tax responsibility. However, the...