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August 28, 2024
Question

Foreign earned income

  • August 28, 2024
  • 1 reply
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I am employed full-time (as a consultant) by a company based outside the US and I work remotely from the US. Am I considered self-employed for US tax purposes and am I subject to the self-employed quarterly filing requirement?

    1 reply

    Jackstar221
    August 28, 2024

    Hi, 

     

    If you are an employee of the foreign company, you're not considered self-employed for US tax purposes. On the other and, if you are an independent contractor, you are considered self-employed for US tax purposes.

     

    Self-employed people are generally required to make quarterly estimated tax payments to for self-employment tax, and income tax.