Category: Social Security and Self Employment Tax

Social Security Benefits Paid to US and Non-US Individuals, Including Those Who Expatriated – How Are They Taxed?

A portion of an individual’s US Social Security retirement, survivors, or disability benefits may be subject to Federal Income tax, regardless if the individual is a US or non-US person. Today’s post looks at the US taxation details on US social security benefits for US and non-US persons.  My earlier blog post here discussed the … Continue reading Social Security Benefits Paid to US and Non-US Individuals, Including Those Who Expatriated – How Are They Taxed? →

Working Overseas? What Happens with Your U.S. Social Security?

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, if you are abroad and you are a self-employed US citizen or resident you generally are subject to the so-called “self-employment tax”.  Self … Continue reading Working Overseas? What Happens with Your U.S. Social Security? →

Understanding Self-Employment Tax: The American Abroad

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”.  Many Americans abroad are employees of a foreign employer and I will write a separate blog post about their situation.  Many Americans abroad are self-employed … Continue reading Understanding Self-Employment Tax: The American Abroad →

US Tax Training – Moving Abroad: Tax Impact on Digital Nomads, Remote Workers and Their (Often Overlooked) Employers

Tax pro’s - are you prepared to advise clients who wish to explore foreign work possibilities? So many changes have been wrought as a result of COVID-19, one of the biggest being remote working. As a direct result of the pandemic people are moving or considering it.  COVID-19 has convinced us that having internet access and … Continue reading US Tax Training – Moving Abroad: Tax Impact on Digital Nomads, Remote Workers and Their (Often Overlooked) Employers →

SECURE Act – Changes to Retirement Plan and IRA Rules – No More Big “Stretch”, Work Longer, Contribute More 

Right before Saint Nicholas’ Christmas visit, President Trump signed the "Further Consolidated Appropriations Act, 2020" to provide necessary funding to keep the federal government running through September 30, 2020. Included in the Appropriations Act was an additional piece of legislation commonly referred to as the “SECURE Act” (the full title is “Setting Every Community Up … Continue reading SECURE Act – Changes to Retirement Plan and IRA Rules – No More Big “Stretch”, Work Longer, Contribute More  →