pk
Level 15
Level 15

Get your taxes done using TurboTax

@rebmaboss ,  depends on the organizations policies.  The only real difference fr you  is that as a W-2, the entity withheld the taxes  and Social Security / Medicare for you. Under the new arrangement, you are responsible to pay the US taxes and Self-employment taxes.  You should consider paying US taxes quarterly ( estimated  taxes).  Social Security and Medicare taxes  also may have to be paid  depending  your denomination and how it is registered ( vow of poverty  etc. ).   Note that if you meet the eligibility of foreign earned income exclusion then  you may be able to exclude the income altogether from US taxes  ( you may still have to pay medicare and social security ).  Obviously  you may have to pay taxes to your work country , depending on the tax laws there -- I am somewhat familiar with Brazil not not the other countries in SA.

 

pk