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Foreign Earned Income Exclusion vs Foreign Tax Credit - Which is Better?

  Рет қаралды 20,906

Esquire Group

Esquire Group

Күн бұрын

Пікірлер: 15
@hugo3796
@hugo3796 5 ай бұрын
Very helpful still in 2024
@biya2487
@biya2487 7 жыл бұрын
Very well put together video. Thanks for sharing!
@reaper98765
@reaper98765 3 жыл бұрын
Amazing info
@jaymeez
@jaymeez Жыл бұрын
If I take a job overseas with a US contracting company and I qualify for the Foreign Earned Income Exclusion, will I and my employer still pay into Social Security? I definitely want to keep my Social Security taxes going so that I can get a decent payment when I retire.
@esquiregroup
@esquiregroup Жыл бұрын
Most likely yes, but I would need more information in order to answer definitively. If you’d like to setup a consultation so I can learn more about your situation and advise you properly, please email us info@esquiregroup.com
@10X_Brain_Time
@10X_Brain_Time Жыл бұрын
Income Earned from US Employment with US Employer but Worked Remotely from Abroad 365 days a tax year so still qualify for FEIE ?..
@esquiregroup
@esquiregroup Жыл бұрын
It should, but I would need more information to confirm. You can email us at info@esquiregroup.com to setup a consultation.
@zeilabovero3487
@zeilabovero3487 2 жыл бұрын
Hi! Jimmy, I need help with my daughter Kimberly, she lives in Panama with her 2 children and her salary is $900 per month and my question is how she can do her taxes and if she has to have a bank account here in the United States. What form does she have to use to declare her taxes?
@esquiregroup
@esquiregroup 2 жыл бұрын
Hi Zeila, please email us at info@esquiregroup.com to setup a consultation so we can evaluate your daughter’s situation and give you a plan of action. Generally, a US bank account is not required. Thanks! Jimmy
@ayeflippum
@ayeflippum 3 жыл бұрын
*Esquire Group* Does this apply to nonresident aliens who are counted as resident aliens by being married to U.S. citizens? Also what are the advantages and disadvantages to selecting "paid" or "accrued" foreign taxes?
@esquiregroup
@esquiregroup 3 жыл бұрын
Thank you for your excellent questions. The answers to these questions are bit in-depth and outside the scope of what we feel comfortable answering here. If you'd like to schedule a consolation so we can answer your questions, you can email us at info@esquiregroup.com
@dakray123
@dakray123 4 жыл бұрын
I'm a resident of a foreign country and earn all my income here, however I visit every summer for a vacation without working in the states, so I qualify for exemption? Bona fide residency or physical presence? Kindly help!
@esquiregroup
@esquiregroup 4 жыл бұрын
It is difficult to say without having a full understanding of your situation. For example, do you pay taxes where you live. How long have you lived there? How long is your vacation in the US? Please email us to setup a consultation by emailing us at info@esquiregroup.com so we can get all the information we need from you to be able to answer your question definitely.
@oscarmosca1234
@oscarmosca1234 4 жыл бұрын
does retirement from the military qualify as foreign income if the retiree is living overseas full time?
@esquiregroup
@esquiregroup 2 жыл бұрын
No, as it is not earned income.
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