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beudosie
New Member

can you help me enter my 2025 expenses?

I am in Zambia, Africa, where I do my business. are you able to help me?
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2 Replies
Vanessa A
Employee Tax Expert

can you help me enter my 2025 expenses?

Are you a US Citizen or US Resident?  What type of return are you trying to file? How long have you been in Zambia?  Do you do business in the US or have US sourced income?

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pk
Level 15
Level 15

can you help me enter my 2025 expenses?

@beudosie  Are you a US person ( citizen/GreenCard ) having a Foreign ( Zambia ) tax home ?   Is your business entity a local registered entity ?  If  both are true , then you  need to do two things :

(a) File a Schedule-C  reporting your income, expenses etc. ---   See here -->

        2025 Schedule C (Form 1040)

        Publication 334 (2025), Tax Guide for Small Business | Internal Revenue Service

(b)   File a Form 2555 for  excluding your "self-employment" income from US taxes   ( FEIE ) --->

         Foreign earned income exclusion | Internal Revenue Service

 

One more item to note  -- a US person is required to participate in Social Security and Medicare   tax contribution -- generally  15.3%  on about 92% of your net income  from Schedule-C.     I do not see that Zambia  as one of the countries with a Totalization agreement with US Social Security.  Thus you are liable for this  Social Security Tax -- you use  Schedule-SE for this.

 

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