I am a US citizen living and working in Hong Kong (long enough to qualify for the foreign tax exclusion.) However, I have recently picked up some contractor work with a US company and they are going to transfer money to my US bank account. My question is, what is my tax liability in this situation and how do I claim this income?
I read that independent contractors typically have to file quarterly returns and make payments quarterly, but I'm not sure if this applies to individuals living overseas.