Online Taxman

You live abroad or travel the world and work for yourself? Don’t overlook self-employment tax on foreign income! A common misconception among expats and nomads is that the first roughly $100,000 of income is completely tax-free in the US under the Foreign Earned Income Exclusion (FEIE). This is however only partially true. The FEIE lets you exclude income from income tax. It does not get you out of paying self-employment tax on foreign income when working as a freelancer, in...dependent contractor, or sole proprietor abroad. Read more about self-employment abroad in our article below:

Remember, tomorrow is the April 15 tax deadline for: The first installment of estimated taxes for the 2021 tax year Foreign-owned business tax filings (Form 1120F) Corporate tax returns (Form 1120) Information returns for US LLCs with a foreign owner (Form 5472)... May 17 is the new due date for individual tax returns. Americans living abroad have an automatic extension to file, until June 15, 2021. If you owe tax, interest starts accruing on May 17 for everyone, no matter if you have an extension to file. To learn more about expat tax, head over to our website https://onlinetaxman.com/us-tax-deadlines/

"While new alliances and partnerships are exciting for the income and earning potential, it's important to think about the boring side, such as taxes, so that you can keep more of your money and not have to restructure later when it might be too late." Visit the article on Forbes to see what else our CEO & Founder, Vincenzo Villamena, says business owners should consider when considering setting up a partnership.

April 15 is only 2 weeks away! The IRS deadline extension to May does NOT apply to all types of filings. Corporate returns and 2021 estimated taxes are still due on April 15! Learn more on our blog to see which deadlines are postponed and which are not. PS: May 17 for individual filers is around the corner. Please don't wait until the last minute.

"This current pandemic climate has created new opportunities for a lot of us to work off of our laptops while traveling. This book has been very informative in showing me how to pay my taxes while abroad." -- Erik Kohler Check out and download our new book "US Taxes For Americans Abroad" at Amazon.

Webinar gratuito: Guía para propietarios no residentes de empresas estadounidenses. Online Taxman está organizando un webinar para personas que viven fuera de los Estados Unidos y que han registrado una LLC en dicho país. Vincenzo Villamena & Viktor Krig van a hablar sobre:... Beneficios de hacer negocios con una entidad estadounidense Consejos para facilitar las obligaciones impositivas Requisitos para los reportes anuales Registered agents Certificaciones Impuestos estatales (IVA) Teneduría de libros "Effectively Connected Income" Presentación de la declaración de impuestos Fechas límites Preguntas y respuestas Presentación de su declaración de impuestos El webinar empieza a las 12.30 pm CT, el 17 de Noviembre (Mexico City, 1:30 pm Medellin, 3:30 pm Rio de Janeiro & Buenos Aires, 7:30 pm Madrid) Haga click en el siguiente link para inscribirse: https://us02web.zoom.us//regist/WN_SK5ojA8LT7KXR_RHIzm4lg

Free Webinar: A Tax Guide for Non-U.S. Owners of US Business Entities Online Taxman is hosting a live webinar for non-US persons who registered an LLC or Corporation in the United States. Vincenzo Villamena & Viktor Krig will talk about:... Benefits of Owning a US Business Tips for Making US Tax Easy Annual Reporting Requirements Registered Agents Tax Certifications State Sales Taxes Bookkeeping Effectively Connected Income Filing Your Tax Returns Tax Deadlines Live Q&A with US accountants En Español: November 17 at 12:30 pm CT (Mexico City, 1:30 pm Medellin, 3:30 pm Rio de Janeiro & Buenos Aires, 7:30 pm Madrid) Click here to register for the Spanish webinar: https://us02web.zoom.us//register/WN_SK5ojA8LT7KXR_RHIzm4lg

Free Tax Webinar for Non-US Owners of US Business Entities: On November 10 at 10 am Central Time (11 am New York, 5 pm Berlin, 8 pm Tbilisi, 7 pm Moscow, 11 pm Bangkok, 9:30 pm New Delhi) Vincenzo Villamena and Viktor Krig are hosting a webinar for non-US persons who registered an LLC or Corporation in the United States. In this webinar, we will cover what business owners must know about tax compliance when conducting business in the US. We'll also be hosting this webinar in ...Spanish on November 10 at 12:30 PM Central Time. Email us at [email protected] to register for the webinar. See more

"The Countries With the Most American Expats: The number of Americans leaving the country seems to be increasing. Where are they headed?"