I have recently started a freelance consultation service in Europe and I have just received my Green Card in September 2021. I am keeping this income in Europe as it makes it easier to manage that business. In addition, due to international tax agreements with USA I am not required to pay taxes on that income in Europe. I do my annual taxes for my primary US job for which I have an W2 and I was told I have to disclose my freelance income in my annual tax declaration. This income might represent up to 5% of my annual income. Besides reporting this income, is there anything else I need to do in the mean time, prior to filling my 2021 taxes?
