If I Am a U.S. Citizen but My Business Is in a Foreign Country, Do I Pay U.S. Income Tax?

A Tax FAQ with Mary E. Vandenack.

A U.S. citizen is subject to taxes in the U.S. on his or her world-wide income, so even if you move, live and work in another country, you are subject to income tax in the U.S. There are a variety of tax credits that are offered to you, so there are foreign earned income credits and a variety of other things. You are going to want to familiarize yourself with those rules. In addition, there are tax treaties that apply between the U.S. and most countries that will make specific provisions as to how the income tax rules of each country apply.

© 2014 Parsonage Vandenack Williams LLC

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