However, you are required to record that income on your tax returns. In addition, if you make under $600 a year your employer is not required to file what’s called a 1099. Therefore, you must definitely include your US employer in your tax filings. They will use your information that you gave them including your social security number to record your payments as an expense. This should give you a general idea about your options.Īlthough if your income is US based, you should know that your US based employer, whether you work freelance or full-time will also file a tax return with the IRS. You can read and get a general gist of what these exemptions are on the IRS website here under the Foreign Earned Income Exclusion. However, there are many exemptions and deductions in US tax laws regarding expatriate workers. So regardless of which country you are currently residing in, if you are a US citizen, you are required to file and possibly pay US taxes, even if your income is from a different country. The United States is probably the only country that taxes its citizens based on their worldwide income. The above being said, I can only speak from my own personal experience as a US citizen.
WORKING REMOTELY FROM ANOTHER COUNTRY PROFESSIONAL
If you want professional advice, please seek the counsel of a certified accountant, tax specialist or attorney in your home country or in the country in which you need advice about. Working remotely from another country and taxes.įirst, I need to qualify this and say that I am not a tax specialist, an accountant nor an attorney. foreign companies often find that they can get a native English speaker, US or UK citizen, for much cheaper than they could a US or UK citizen living in their home countries. In fact, because of the lower cost of living in other parts of the world, along with the cost savings for not having to pay for standard things like FICA (Social Security, Medicare), Workman’s Comp, etc. Unless they have a physical location where you need to meet clients face to face, there’s no reason why they wouldn’t want to hire an American for example, to do work online with their US based clients. So let’s say you are based in Argentina and a German company wants to hire you because of your native English skills to deal with clients in the United States or the UK. With the trends in globalization over the last 20 years along with the improvements in internet speed and connectivity, doing business across borders seems to know no bounds.
Working remotely for a foreign company outside your home country.
They usually either want a US presence or they want an American to deal with other Americans on their behalf. If a foreign company is based outside the US, they may want to hire you to work remotely for them because you’re based in the US. Why would a foreign company hire you to work remotely while living in the US?
Why would a foreign company hire you to work remotely while living in the US?.
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