We're here to give the professional expertise and peace of mind to make tax time less stressful. We are committed to your needs as expats, and we never stop learning, exploring, and staying proactive on the latest tax news that affects you.
SELF-EMPLOYMENT AND SOCIAL SECURITY TAXES FOR EXPATS
May 10, 2023
We review the basics of the U.S. self-employment tax system, summarize the key tax exceptions, and include some practical issues that self-employed expats should consider in order to minimize their overall worldwide tax burden.
In general, green card holders are treated like U.S. residents for tax purposes, even when living abroad. This can have significant tax implications. In this week’s blog, we look at how tax treaties can be used by green card holders to claim a non-US tax residence position on the tax return.
We review the various approaches taken in US income tax treaties regarding the taxation of foreign social security paid to US citizens living abroad. Given that each approach can be significantly different, it’s important that US expat retirees understand the provisions of the particular treaty that is relevant to them.