If you are a US taxpayer, you need to know about the Foreign Housing Deduction for digital nomads. As a US citizen or resident, you keep paying taxes to the US even if you don’t live there anymore. In order to limit your US tax burden, there are some tax benefits that can help you. …
You need to know about the Foreign Tax Credit for digital nomads if you are a US taxpayer. As a US citizen or resident, you will keep on paying taxes to the Internal Revenue Service (IRS) even after you leave the country. To soften the blow, the legislation provides for certain exemptions and deductions. The …
The Foreign Earned Income Exclusion for digital nomads raises many questions. If you are a US citizen, you owe taxes to the US even if you don’t live in the country anymore. Only the US and the African country of Eritrea apply this so called citizenship based taxation. In all other countries you can basically …
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One of the company forms the United States has is the Limited Liability Company or LLC in short. I’ll refer to it as a US LLC. The US LLC for digital nomads can be a good structure to optimize your taxes. We’ll set out how the US LLC for digital nomads functions, why it could …
US LLC for Digital Nomads: Your Way to a Tax Free Life? Read More »