Taxes. Know before you go.

Find important digital nomad TAX information here.

The rapid growth of remote working allows people to explore far off lands and cultures without taking time off work, and it can also offer an opportunity to save money. Understanding tax implications is extremely important, not just from the financial implications, but legal as well.

Each country has different rules and tax rates to be aware of. For example, a higher tax rate in one of the desirable European cities may be worth trading for a no-tax island in the Caribbean, depending on your circumstances. There is a lot to know. For example, US citizens may be required to file a Foreign Bank Account Report with their tax return. Whatever your situation, it is always best to know before you go.

Worksploring Tax information

IRS Schedule 1: A Guide for Expats, Freelancers, and Small Business Owners
December 13, 2024 by Katelynn Minott, CPA & CEO
Being an expat, freelancer, or small business owner comes with plenty of perks—freedom, flexibility, and the ability to take charge of your lifestyle. But with those benefits comes the responsibility of navigating complex tax forms. One form that often trips people up is Schedule 1, an attachment to Form 1040. Whether you’re filing as a […]
Schedule E for US Expats: Reporting Rental & Supplemental Income
December 5, 2024 by Katelynn Minott, CPA & CEO
For many expats with supplemental income, no tax return is complete without IRS tax form Schedule E. Not only can failing to file this form result in IRS penalties and audits — it may also prevent you from claiming deductions that can lower your taxable income. To reach full compliance and minimize your tax burden, […]
Schedule SE: What Independent Contractors Need to Know
November 27, 2024 by Katelynn Minott, CPA & CEO
If you’re a freelancer, independent contractor, small business owner, or expat subject to self employment tax, you’re probably familiar with the freedom that comes with being your own boss. But with that freedom comes a less glamorous reality: the responsibility to pay self-employment taxes. Unlike traditional employees, who share the cost of Social Security and […]

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