US citizens and Green Card holders are taxed on their total worldwide income. Does that mean that you will be double taxed? Not if the country in which you made…
While you should always have documentation of your income, if you are confident in your input and estimate on the higher side when it comes to income earned, you can…
To report your self-employment income as common-law employee salaried income: 1) Delete your self-employment income entry 2) Select “Foreign Employment Compensation” on the Foreign and Other Income Section 3) Enter…
You only need to report rental property if you are making income out of it (such as in the case of renting out your home/property), or when you sell it.
Many self-employed individuals are actually common-law employees, who operate as regular employees, just on different contract terms. According to the IRS, under common-law rules, if the company you work for…
If you are a US citizen, you need to report your worldwide income if you meet the IRS tax filing threshold. Why? The US is one of the two countries…
If you are receiving alimony, it may be considered income and it is taxable by the IRS. On the other hand, if you are the one paying alimony you can…
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