Timeline for I'm an American with Japanese permanent residence living and working in Japan. I also want to do remote work with a US firm. What must I do re: taxes?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
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| Apr 24, 2023 at 3:14 | comment | added | FieldMouse | Thank you very much! | |
| Apr 24, 2023 at 3:13 | vote | accept | FieldMouse | ||
| Apr 23, 2023 at 1:31 | comment | added | user102008 | @FieldMouse: Foreign Earned Income Exclusion allows you to exclude the US taxes on the first $110k or so of foreign earned income, regardless of whether it is taxed by another country. It only applies to 12-month periods during which you were outside the US for 330 days, or can show bona fide residence in another country. The Foreign Tax Credit reduces your US tax on foreign income that is also taxed by another country, with the reduction equal to the lesser of the two taxes. You can use FEIE on some income and FTC on some income, or use FTC on all income, whichever is most beneficial. | |
| Apr 23, 2023 at 0:12 | comment | added | FieldMouse | So, using the "Foreign Earned Income Exclusion and/or Foreign Tax Credit" I could reduce my taxes in the US because my US income would be taxed in Japan? Am I understanding this correctly? | |
| Apr 10, 2023 at 3:20 | history | answered | user102008 | CC BY-SA 4.0 |