I work for a foreign embassy in DC - I am a US citizen. I have been making estimated quarterly payment as well. Is my income considered to be Foreign Income?
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I work for a foreign embassy in DC - I am a US citizen. I have been making estimated quarterly payment as well. Is my income considered to be Foreign Income?
I do not get a W-2, but a statement of payments/income received from my foreign employer.
I do make estimated quarterly payment throughout the year for each current tax year.
Do I report my income as Foreign Income or Self-Employed?
I work for a foreign embassy in DC - I am a US citizen. I have been making estimated quarterly payment as well. Is my income considered to be Foreign Income?
It is considered self employment income, but only for the purpose of self employment taxes, not for the purpose of claiming expenses or SEP/IRA plans.
If you are a dual citizen, there might be a tax treaty relevant for this situation.
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