Are You Working Overseas? Do You Understand Self-Employment Tax?
What is Self-Employment Tax? The self-employment tax is a social security and Medicare tax based on net earnings from “self- employment”. We’ll review what it means to be “self-employed” later in this...
View ArticleTax Shock for Foreign Employer With US Employees: Learn Your Withholding Duties
It may come as a shock to foreign (non-US) companies and other foreign businesses to learn that they may have US tax withholding obligations with respect to their US employees, even if the foreign...
View ArticleU.S. Social Security and Working Overseas
US Social Security and Medicare taxes continue to apply to wages for services performed as an employee working outside of the United States if you are working for an “American employer”. Similarly,...
View ArticleGot’cha! Delinquent Taxes Owed to IRS, Now Owed Indefinitely? What About Tax...
It was recently reported in the press that the Social Security Administration was collecting old debts of many deceased persons by intercepting the tax refunds of their children. After much unwanted...
View ArticleSocial Security Benefits Paid to US and Non-US Individuals – How Are They Taxed?
A portion of your Social Security retirement, survivors, or disability benefits may be subject to Federal Income tax. Supplemental Security Income (SSI) or Special Veterans Benefits (SVB) are not...
View ArticleAmericans Abroad: IRS to Crack Down on Improper Claims of Exemption from...
A recent report by the Treasury Inspector General for Tax Administration (TIGTA) has shown significant noncompliance with payment of Social Security and Medicare Taxes by Americans working abroad. The...
View ArticleBreathing American Air – Hazardous to Your Wealth
Foreigner asks: “Can I breathe American air without being subject to US tax?” Right now, the answer to that question is a big, fat MAYBE. For starters, it depends how long you were in the US breathing...
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US Expatriates — No Social Security In Sight. What Should You Do?
Recently, I have heard from several American employees of a foreign (non-US) international airline. Apparently, for a significant number of years, the airline had been withholding from the wages of...
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Part II: US Expatriates — No Social Security In Sight. What Should You Do?
Following on Part I of this tax blog post, here are some tips from Vince Truong, CFP® . Vince is the only United States Certified Financial Planner™ in the United Arab Emirates. In today’s post Vince...
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