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Old 20.08.2013, 16:16
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For Self-Employed US citizens/residents living abroad

Just in case you didn't know:

http://blogs.angloinfo.com/us-tax/20...mployment-tax/
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Old 20.08.2013, 16:32
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Re: For Self-Employed US citizens/residents living abroad

Don't forget Totalization agreements in place. They are in place with the following countries:

Austria, Luxembourg, Belgium, Netherlands, Canada, Norway, Finland, Portugal, France, Spain, Germany, Sweden, Greece, Switzerland, Ireland, United Kingdom, and Italy.

One is exempt if covered under the system of the foreign country.

HTH
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Old 10.03.2016, 16:49
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Re: For Self-Employed US citizens/residents living abroad

So if I'm a US citizen self-employed in Switzerland, I don't owe Social Security tax. Do I file a 1040 or a 1040-SS? What other forms do I need to file?
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Old 10.03.2016, 18:22
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Re: For Self-Employed US citizens/residents living abroad

Generally, if you are paying into Swiss AHV social security as self-employed, you shouldn't also have to pay into US social security due to the totalization agreement.

These are several US Federal tax forms you should review for applicability:
1040: The top sheet.
Schedule C: Business income and expenses for self-employed.
- Schedule C-EZ. It might be possible to use C-EZ instead of C depending on your circumstances.
2555: This form is used to exclude your Swiss earned income and possibly some housing costs.
- Depending on your situation, it might be advantageous to file a form 1116 Foreign Tax Credit instead of the 2555. This depends on your situation.
8938: This form is used to show your non-US financial assets. Depending on their value and your situation, you may or may not have to file this form.
There may be other US tax forms you should file.

FinCEN 114 (FBAR): If your non-US financial accounts had more than the equivalent of US$10,000 at any time during 2015, this form needs to be filed with the Financial Crimes Enforcement Network agency of the US Treasury. It must be filed electronically and is due by June 30, 2016.

State taxes: you may or may not be liable for US state taxes.

Finally, you may wish to consider contacting a US tax consultant in Switzerland.
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Old 12.03.2016, 16:41
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Re: For Self-Employed US citizens/residents living abroad

Thanks a lot!

Quote:
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Generally, if you are paying into Swiss AHV social security as self-employed, you shouldn't also have to pay into US social security due to the totalization agreement.

These are several US Federal tax forms you should review for applicability:
1040: The top sheet.
Schedule C: Business income and expenses for self-employed.
- Schedule C-EZ. It might be possible to use C-EZ instead of C depending on your circumstances.
2555: This form is used to exclude your Swiss earned income and possibly some housing costs.
- Depending on your situation, it might be advantageous to file a form 1116 Foreign Tax Credit instead of the 2555. This depends on your situation.
8938: This form is used to show your non-US financial assets. Depending on their value and your situation, you may or may not have to file this form.
There may be other US tax forms you should file.

FinCEN 114 (FBAR): If your non-US financial accounts had more than the equivalent of US$10,000 at any time during 2015, this form needs to be filed with the Financial Crimes Enforcement Network agency of the US Treasury. It must be filed electronically and is due by June 30, 2016.

State taxes: you may or may not be liable for US state taxes.

Finally, you may wish to consider contacting a US tax consultant in Switzerland.
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Old 17.03.2016, 17:53
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Re: For Self-Employed US citizens/residents living abroad

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So if I'm a US citizen self-employed in Switzerland, I don't owe Social Security tax. Do I file a 1040 or a 1040-SS? What other forms do I need to file?
If you are a self employed US person and NOT paying into AHV, you must secure a certificate of coverage from the US social security to claim totalization treaty benefits. You then send a copy of the CofC to the Swiss BSV authorities, and file self employment taxes in the USA.

The link is here:

https://secure.ssa.gov/apps6z/coc_db/allforms.html
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