1. What is self-employment tax and who has to pay it as a U.S. citizen living in Greece?
Self-employment tax is a tax that self-employed individuals in the United States must pay to cover their Social Security and Medicare contributions. It is used to fund these social insurance programs, just like how traditional employees have these taxes withheld from their paychecks. As a U.S. citizen living in Greece, you are still required to pay self-employment tax if you meet certain criteria. Here are some key points to consider:
1. Self-employment tax is typically paid by individuals who are self-employed, freelancers, independent contractors, or small business owners in the U.S.
2. If you are a U.S. citizen living abroad and earn income through self-employment activities, you may still be subject to self-employment tax if your net earnings exceed the threshold set by the IRS.
3. The threshold for self-employment tax is typically based on net earnings of $400 or more in a tax year.
4. To determine if you need to pay self-employment tax while living in Greece, you should consult with a tax professional or refer to IRS guidelines on self-employment taxes for U.S. citizens living abroad.
It’s important to stay informed about your tax responsibilities as a U.S. citizen living abroad to ensure compliance with IRS regulations.
2. How is self-employment income taxed for U.S. citizens living in Greece?
Self-employment income for U.S. citizens living in Greece is subject to U.S. self-employment tax, regardless of where the income is earned. Here is how self-employment income is taxed for U.S. citizens living in Greece:
1. Self-Employment Tax: U.S. citizens who are self-employed are required to pay self-employment tax, which includes both Social Security and Medicare taxes. As of 2021, the self-employment tax rate is 15.3% on the first $142,800 of net income and 2.9% on any income above that threshold.
2. Foreign Income Exclusion: U.S. citizens living abroad may be able to exclude a portion of their foreign-earned income from U.S. taxation using the Foreign Earned Income Exclusion (FEIE). However, this exclusion does not apply to self-employment tax, so self-employed individuals will still be subject to self-employment tax on their net income.
3. Tax Treaties: The U.S. has a tax treaty with Greece to avoid double taxation and prevent tax evasion. Under the tax treaty, there may be provisions related to self-employment income that could impact how it is taxed for U.S. citizens living in Greece. It is important to consult a tax professional to understand the specific implications of the tax treaty on self-employment income.
Overall, U.S. citizens living in Greece who are self-employed need to be aware of their tax obligations to both countries and may benefit from seeking advice from a tax professional to ensure compliance with both U.S. and Greek tax laws.
3. Can I claim the Foreign Earned Income Exclusion and the Foreign Tax Credit for self-employment income?
No, you cannot claim both the Foreign Earned Income Exclusion (FEIE) and the Foreign Tax Credit (FTC) for self-employment income. Here’s why:
1. Foreign Earned Income Exclusion (FEIE): This allows U.S. citizens or residents living and working abroad to exclude a certain amount of their foreign earned income from U.S. taxation. However, self-employment income is not eligible for the FEIE. Only wages or salaries earned as an employee qualify for the exclusion.
2. Foreign Tax Credit (FTC): The FTC allows taxpayers to offset U.S. tax on foreign income with taxes paid to a foreign government on the same income. Self-employment income may be eligible for the FTC if foreign taxes were paid on that income, but it cannot be claimed in conjunction with the FEIE.
In conclusion, self-employment income is not eligible for the FEIE, but it may be eligible for the FTC if foreign taxes were paid. It’s important to carefully evaluate your tax situation and consult with a tax professional to determine the best strategy for minimizing your tax liability on foreign-earned self-employment income.
4. Are there any tax treaties between the U.S. and Greece that impact self-employment taxes?
Yes, there is a tax treaty between the United States and Greece that addresses the issue of self-employment taxes. Under the U.S.-Greece tax treaty, individuals who are residents of Greece and engaged in self-employment activities in the United States may be exempt from U.S. self-employment tax on their income from those activities if certain conditions are met.
1. To qualify for the exemption, the individual must be a resident of Greece for purposes of the treaty and the self-employment income must not exceed a specified threshold amount.
2. Additionally, individuals who claim this exemption must pay social security taxes in Greece on the income that is exempt from U.S. self-employment tax.
It is important for individuals engaging in self-employment activities in both countries to carefully review the provisions of the tax treaty and seek advice from a tax professional to ensure compliance with both U.S. and Greek tax laws.
5. How do I calculate my self-employment tax liability as a U.S. citizen in Greece?
As a U.S. citizen living in Greece with self-employment income, you are still subject to U.S. self-employment taxes. To calculate your self-employment tax liability, you will need to follow these steps:
1. Determine your net self-employment income: Calculate your total self-employment income for the year by subtracting any allowable business expenses from your gross income.
2. Calculate your self-employment tax rate: The self-employment tax rate is 15.3% for 2021, which consists of 12.4% for Social Security (up to the annual limit) and 2.9% for Medicare.
3. Apply the self-employment tax rate to your net income: Multiply your net self-employment income by the total self-employment tax rate to determine your self-employment tax liability.
4. Consider the Foreign Earned Income Exclusion: If you meet the requirements for the Foreign Earned Income Exclusion, you may be able to exclude a portion of your foreign-earned income from U.S. taxation. This exclusion can potentially reduce your self-employment tax liability.
5. Make estimated tax payments: It’s important to make estimated tax payments throughout the year to avoid underpayment penalties. You can use Form 1040-ES to calculate and submit your estimated tax payments to the IRS.
By following these steps and staying informed about any tax treaties between the U.S. and Greece, you can accurately calculate and manage your self-employment tax liability as a U.S. citizen living in Greece.
6. Are there any deductions or credits available to U.S. citizens in Greece who are self-employed?
As a U.S. citizen living in Greece who is self-employed, you may still be eligible for certain deductions and credits to help reduce your tax liability. Here are some key points to consider:
1. Foreign Earned Income Exclusion: U.S. citizens living abroad may be able to exclude a certain amount of their foreign-earned income from U.S. taxation. For tax year 2021, the exclusion amount is $108,700 per individual. This can help lower your taxable income and potentially reduce your tax bill.
2. Self-Employment Tax Deduction: Just like self-employed individuals in the U.S., you can deduct half of your self-employment tax from your income. This deduction helps offset the additional tax burden that self-employed individuals face compared to employees.
3. Foreign Tax Credit: If you pay income taxes to the Greek government on your self-employment income, you may be eligible to claim a foreign tax credit on your U.S. tax return. This credit can help reduce or eliminate double taxation on the same income.
4. Business Expenses: You may be able to deduct various business expenses related to your self-employment activities, such as office supplies, travel expenses, and marketing costs. Keeping detailed records of your expenses is essential to support these deductions in case of an audit.
5. Retirement Contributions: Contributions to retirement accounts, such as an Individual Retirement Account (IRA) or a Simplified Employee Pension (SEP) plan, may be tax-deductible. These contributions can not only lower your taxable income but also help you save for retirement.
It’s important to consult with a tax professional who is familiar with both U.S. and Greek tax laws to ensure that you are taking advantage of all available deductions and credits as a self-employed U.S. citizen in Greece.
7. Do I need to pay quarterly estimated taxes on my self-employment income in Greece?
As a U.S. citizen, if you are self-employed and earning income in Greece, you may still have U.S. tax obligations, including the requirement to pay quarterly estimated taxes. Here are some key points to consider:
1. Self-employment tax: If you are self-employed and earning income in Greece, you may still be subject to U.S. self-employment taxes on that income. These taxes help fund programs like Social Security and Medicare.
2. Foreign income exclusion: However, you may be able to exclude some or all of your foreign-earned income from U.S. taxation under the Foreign Earned Income Exclusion (FEIE) if you meet certain requirements.
3. Estimated taxes: Generally, if you expect to owe $1,000 or more in tax for the year after subtracting your withholding and credits, you may need to pay quarterly estimated taxes to avoid penalties.
4. How to calculate: To calculate your quarterly estimated tax payments, you typically need to estimate your total income for the year, deductions, credits, and self-employment tax liability. The IRS provides Form 1040-ES to help you calculate and pay your estimated taxes.
5. Due dates: The due dates for estimated tax payments are typically April 15, June 15, September 15, and January 15 of the following year. However, due to COVID-19, the deadlines for 2020 were extended, so it’s essential to check the current deadlines.
6. Penalties: Failure to pay estimated taxes on time may result in penalties and interest, so it’s crucial to stay compliant with your tax obligations.
7. Consult a tax professional: Given the complexity of U.S. tax laws regarding self-employment income earned abroad, it’s advisable to consult with a tax professional who has expertise in this area to ensure that you are fulfilling your tax obligations properly.
8. How do I report my self-employment income on my U.S. tax return while living in Greece?
To report your self-employment income on your U.S. tax return while living in Greece, you will need to follow several steps:
1. File Form 1040: As a U.S. citizen living abroad, you are still required to file a U.S. tax return. Use Form 1040 to report your worldwide income, including self-employment income.
2. Use Form 2555: You may be able to exclude a portion of your foreign-earned income using Form 2555 (Foreign Earned Income Exclusion). This form allows you to exclude a certain amount of your income earned while living abroad.
3. Report Self-Employment Income: If you are self-employed, you will need to file Schedule C (Form 1040) to report your self-employment income and expenses. This form will calculate your net profit or loss from your self-employment activities.
4. Pay Self-Employment Taxes: As a self-employed individual, you are responsible for paying self-employment taxes, which include Social Security and Medicare taxes. Use Schedule SE (Form 1040) to calculate and report these taxes.
5. Consider Foreign Tax Credits: If you are paying taxes on your self-employment income to Greece, you may be eligible to claim a foreign tax credit on your U.S. tax return to avoid double taxation.
By following these steps and ensuring accurate reporting of your self-employment income, you can fulfill your U.S. tax obligations while living in Greece. It is recommended to consult with a tax professional or accountant who is familiar with both U.S. and Greek tax laws to ensure compliance and maximize any available tax benefits.
9. What are the penalties for failing to pay self-employment taxes as a U.S. citizen in Greece?
As a U.S. citizen living in Greece, you are still required to pay self-employment taxes to the IRS. Failure to pay these taxes can lead to various penalties and consequences. Here are some key points to consider:
1. Failure to pay self-employment taxes on time can result in a penalty of 0.5% of the unpaid taxes for each month the payment is overdue. This penalty can accrue up to a maximum of 25% of the unpaid taxes.
2. Additionally, there is an underpayment penalty for not estimating and paying enough in taxes throughout the year. This penalty is typically around 0.5% per month on the underpaid amount.
3. If the IRS determines that you have willfully neglected to pay your self-employment taxes, you could face more severe penalties, including fines and potential criminal charges.
4. It’s crucial to ensure that you are meeting your tax obligations, even when living abroad, as the IRS has ways to enforce compliance, such as placing liens on your property or garnishing your wages.
5. To avoid these penalties, it’s essential to stay current on your self-employment tax payments, keep accurate records of your income and expenses, and consider working with a tax professional who can help you navigate the complexities of self-employment taxes as a U.S. citizen living in Greece.
10. How can I ensure compliance with both U.S. and Greek tax laws as a self-employed individual?
1. Understand the tax laws in both the United States and Greece: To ensure compliance with both countries’ tax laws, it is crucial to have a thorough understanding of the tax requirements in each jurisdiction. This includes knowing the filing deadlines, allowed deductions, and any specific regulations that apply to self-employed individuals.
2. Keep detailed records: Maintaining accurate and detailed records of your income, expenses, and tax payments is essential. This will not only help you track your financial activities but also ensure that you can provide the necessary documentation in case of an audit or inquiry from tax authorities in either country.
3. Work with tax professionals: Given the complexity of tax laws in both the U.S. and Greece, it is advisable to work with tax professionals who are familiar with the specific requirements for self-employed individuals in each country. Enlisting the help of accountants or tax advisors can ensure that you are meeting all your tax obligations and taking advantage of any available tax benefits.
4. Consider tax treaties: The U.S. and Greece have a tax treaty in place to prevent double taxation and promote cooperation between the two countries. Understanding the provisions of the tax treaty can help you optimize your tax situation and avoid paying taxes on the same income in both countries.
5. Stay updated on tax law changes: Tax laws are constantly evolving, so it is important to stay informed about any changes that may impact your tax situation as a self-employed individual in the U.S. and Greece. Regularly reviewing updates from tax authorities and seeking advice from professionals can help you adapt to any new regulations promptly.
By following these steps, self-employed individuals can ensure compliance with both U.S. and Greek tax laws, minimize the risk of penalties or fines, and optimize their tax situation in both jurisdictions.
11. Can I contribute to a retirement account as a self-employed U.S. citizen in Greece and are there any tax benefits?
As a self-employed U.S. citizen living in Greece, you can contribute to a retirement account, such as a Simplified Employee Pension (SEP) IRA or a Solo 401(k). These retirement account options are available to self-employed individuals and offer tax benefits that can help you save for your retirement while reducing your tax burden.
1. SEP IRA: With a SEP IRA, you can contribute up to 25% of your net earnings from self-employment, up to a maximum of $58,000 for 2021. Contributions to a SEP IRA are tax-deductible, which can help lower your taxable income for the year.
2. Solo 401(k): A Solo 401(k) allows you to contribute as both the employer and employee, potentially enabling you to set aside more money for retirement compared to a SEP IRA. For 2021, you can contribute up to $19,500 as the employee, plus an additional 25% of your net self-employment income as the employer, up to a total contribution limit of $58,000.
By contributing to a retirement account as a self-employed individual in Greece, you can take advantage of tax benefits while building a nest egg for your future retirement. Be sure to consult with a tax advisor or financial planner to determine the best retirement savings strategy for your specific situation.
12. Are there any differences in how self-employment income is taxed for U.S. citizens in Greece compared to those in the U.S.?
Yes, there are differences in how self-employment income is taxed for U.S. citizens in Greece compared to those in the U.S.:
1. Tax rates: In the U.S., self-employment income is subject to both income tax and self-employment tax, which includes Social Security and Medicare taxes. The self-employment tax rate is 15.3%, consisting of 12.4% for Social Security on the first $142,800 of net earnings and 2.9% for Medicare on all net earnings. In Greece, self-employed individuals are subject to income tax based on a progressive tax rate schedule that can go up to 45% for higher income levels.
2. Tax treaties: The U.S. and Greece have a tax treaty in place to avoid double taxation for individuals who are residents of both countries. This treaty helps determine how income earned by U.S. citizens in Greece is taxed and vice versa. It can impact factors such as the eligibility for treaty benefits, deductions, and credits, which can affect the overall tax liability of self-employed individuals.
3. Tax filing requirements: U.S. citizens living abroad, including those in Greece, are still required to report their worldwide income to the IRS. This includes self-employment income earned in Greece, which must be reported on U.S. tax returns. Additionally, self-employed individuals may have to comply with specific reporting requirements for foreign financial accounts or business interests in Greece, which can add complexity to their tax obligations.
In conclusion, while there are similarities in the taxation of self-employment income for U.S. citizens in both countries, such as the need to report and pay taxes on such earnings, there are significant differences in tax rates, treaty implications, and filing requirements between the U.S. and Greece. It is essential for self-employed individuals to be aware of these variations to ensure compliance with tax laws in both jurisdictions and to take advantage of any available tax benefits or credits.
13. How does the Greek VAT (Value Added Tax) system impact my self-employment income as a U.S. citizen?
As a U.S. citizen with self-employment income, the Greek VAT system can impact your business activities if you are conducting any transactions subject to VAT within Greece. Here’s how it may affect you:
1. Registration: If your self-employment activities reach a certain threshold, you may be required to register for VAT in Greece. This means you will have to charge VAT on your goods or services provided in Greece and file VAT returns accordingly.
2. Compliance: You would need to comply with the Greek VAT rules, which may differ from the regulations you are accustomed to in the U.S. This includes understanding the applicable VAT rates, invoicing requirements, and deadlines for filing VAT returns.
3. Input VAT: You may also incur input VAT on business expenses you incur in Greece. It is essential to track and reclaim this input VAT on your VAT returns to avoid paying more VAT than necessary and optimize your tax position.
4. Cross-border transactions: If you are providing services to clients in Greece or selling goods to Greek customers, you will need to consider the VAT implications of these cross-border transactions. Understanding the rules around the place of supply is crucial to determine the appropriate VAT treatment.
5. Double taxation: To avoid being taxed twice on the same income, you may need to consider any tax treaties between the U.S. and Greece that could impact the VAT treatment of your self-employment income.
It’s advisable to consult with a tax professional or accountant with expertise in international taxation to ensure compliance with Greek VAT regulations and optimize your tax position as a self-employed individual operating in Greece.
14. Can I deduct business expenses related to my self-employment income in Greece on my U.S. tax return?
As a U.S. citizen earning self-employment income in Greece, you may be able to deduct business expenses related to your self-employment on your U.S. tax return under certain conditions. Here are important considerations to keep in mind:
1. Foreign Earned Income Exclusion: If you meet the requirements for the Foreign Earned Income Exclusion (FEIE) by either passing the Physical Presence Test or the Bona Fide Residence Test, you can exclude a certain amount of your foreign-earned income from U.S. taxation. However, this exclusion does not apply to self-employment taxes.
2. Foreign Tax Credit: If you end up paying taxes on your self-employment income to Greece, you may be eligible for a Foreign Tax Credit on your U.S. tax return. This credit can reduce your U.S. tax liability based on the taxes you paid to Greece.
3. Deductible Business Expenses: You can generally deduct ordinary and necessary business expenses incurred in earning your self-employment income on your U.S. tax return. This includes expenses such as supplies, equipment, advertising, travel, and other relevant costs. Keep detailed records of these expenses to support your deductions.
4. Tax Treaty Considerations: The U.S. has a tax treaty with Greece that may impact how self-employment income is taxed. Familiarize yourself with the provisions of the tax treaty to understand any specific rules related to self-employment income and deductions.
It is recommended to consult with a tax professional or accountant well-versed in U.S. tax laws and international tax matters to ensure proper compliance with both U.S. and Greek tax regulations.
15. What documentation do I need to keep in order to support my self-employment tax deductions and credits?
To support your self-employment tax deductions and credits, it is crucial to maintain thorough documentation. Here is a list of key documents you should keep:
1. Income Records: Keep records of all sources of income related to your self-employment, including invoices, sales receipts, bank statements, and 1099 forms.
2. Expense Receipts: Retain receipts for all business-related expenses such as office supplies, equipment, marketing expenses, travel costs, and utility bills.
3. Mileage Logs: If you use your vehicle for business purposes, keep a detailed mileage log to support your deductions for business-related travel.
4. Home Office Expenses: Maintain records of expenses related to your home office, such as rent, utilities, and insurance, if you claim a home office deduction.
5. Health Insurance Premiums: Keep documentation of health insurance premiums paid for yourself and your dependents, as these may be deductible.
6. Retirement Contributions: Maintain records of contributions to retirement accounts, such as SEP-IRA or Solo 401(k), as they may be deductible.
7. Estimated Tax Payments: Keep records of quarterly estimated tax payments made throughout the year.
8. Business Asset Purchases: Retain receipts and documentation for any significant business asset purchases, as these may be depreciated or expensed.
9. Bank Statements: Keep copies of your business bank statements to reconcile income and expenses and support deductions.
10. Profit and Loss Statements: Regularly update and keep profit and loss statements to track your business income and expenses accurately.
By organizing and retaining these documents, you can support your self-employment tax deductions and credits, ensuring compliance with IRS regulations and potentially reducing your tax liability.
16. How does the social security agreement between the U.S. and Greece impact my self-employment taxes?
The social security agreement between the U.S. and Greece helps individuals who may be subject to taxes in both countries due to self-employment income. Here’s how it impacts your self-employment taxes:
1. Totalization Agreement: The social security agreement, also known as a Totalization Agreement, between the U.S. and Greece helps prevent double taxation on self-employment income. Under this agreement, individuals who are subject to social security taxes in both countries can determine which country they should pay their social security taxes to, thus avoiding paying taxes twice on the same income.
2. Coverage and Benefits: The agreement outlines rules for determining which country has the right to impose social security taxes and ensures that individuals receive benefits from both countries based on their contributions. This helps self-employed individuals maintain their social security coverage and benefits even when working across borders.
3. Avoiding Penalties: By following the guidelines set forth in the social security agreement, self-employed individuals can avoid penalties for not paying their self-employment taxes correctly. This ensures compliance with both U.S. and Greek tax laws and prevents any legal issues related to unpaid taxes.
In conclusion, the social security agreement between the U.S. and Greece provides a framework for self-employed individuals to navigate their tax obligations in both countries, ensuring they are not unfairly taxed and can access benefits based on their contributions.
17. Are there any special considerations or exemptions for self-employed individuals in Greece who are U.S. citizens?
1. As a U.S. citizen living in Greece and operating as a self-employed individual, there are certain tax implications and considerations that you need to be aware of. While the U.S. taxes its citizens on their worldwide income regardless of where they reside, there are certain provisions that may help mitigate double taxation and provide relief for U.S. citizens who are self-employed in Greece.
2. The U.S. has a tax treaty with Greece that helps prevent double taxation and outlines rules for both countries to avoid taxing the same income twice. Under this treaty, certain provisions may apply to self-employment income, such as the foreign tax credit or the foreign earned income exclusion. These provisions can help reduce your U.S. tax liability on income earned in Greece.
3. Additionally, self-employed individuals in Greece may be able to take advantage of deductions and credits allowed under U.S. tax laws for business expenses, such as travel, supplies, and home office expenses. Keeping detailed records of these expenses is crucial to substantiate deductions and minimize your taxable income.
4. It is important for self-employed U.S. citizens in Greece to stay informed about tax laws and regulations in both countries to ensure compliance and take advantage of any available benefits or exemptions. Consulting with a tax professional who is familiar with both U.S. and Greek tax laws can help you navigate the complexities of self-employment taxes and maximize your tax savings.
18. What forms do I need to file for self-employment taxes as a U.S. citizen living in Greece?
As a U.S. citizen living in Greece and earning self-employment income, you are still required to report and pay self-employment taxes to the U.S. Internal Revenue Service (IRS). To fulfill your tax obligations, you will generally need to file the following forms:
1. Form 1040: This is the standard U.S. individual tax return form that you will use to report your worldwide income, including self-employment income earned abroad.
2. Schedule SE: If your net earnings from self-employment exceed $400, you are required to pay self-employment tax. Schedule SE is used to calculate the amount of self-employment tax you owe.
3. Form 2555: This form is used to claim the Foreign Earned Income Exclusion, which allows you to exclude a certain amount of foreign earned income from your U.S. taxable income. This exclusion may apply to your self-employment income earned in Greece.
4. Form 8938: If you meet the reporting threshold, you may be required to file Form 8938 to report specified foreign financial assets, including any foreign bank accounts you may have.
5. Any additional forms or disclosures required by the IRS for foreign income or assets.
It is important to consult with a tax professional or accountant familiar with both U.S. and Greek tax laws to ensure that you are compliant with all tax requirements in both countries. Failure to report and pay self-employment taxes properly can lead to penalties and other consequences.
19. How can I minimize my self-employment tax liability as a U.S. citizen in Greece?
As a U.S. citizen living in Greece and being self-employed, there are several strategies you can implement to minimize your self-employment tax liability:
1. Utilize the Foreign Earned Income Exclusion: If you meet the requirements, you can exclude up to a certain amount of your foreign earned income from U.S. taxation. This exclusion can help lower your taxable income and, therefore, your self-employment tax liability.
2. Claim Foreign Tax Credits: If you are paying taxes on your self-employment income to the Greek government, you may be eligible to claim a foreign tax credit on your U.S. tax return. This credit can offset your U.S. tax liability on that income.
3. Contribute to Retirement Accounts: Contributing to retirement accounts such as a SEP IRA or Solo 401(k) can reduce your taxable income, thereby lowering your self-employment tax liability.
4. Deduct Business Expenses: Make sure to keep track of all your business expenses as they can be deducted from your self-employment income, reducing the amount subject to self-employment tax.
5. Consider Forming an Entity: Depending on your specific circumstances, it may be beneficial to operate your business through a business entity such as an LLC. Different entities have different tax implications, so it’s essential to consult with a tax professional to determine the best structure for your business.
By implementing these strategies and staying informed about relevant tax laws and regulations, you can effectively minimize your self-employment tax liability as a U.S. citizen living in Greece.
20. Are there any specific resources or professional services available to assist U.S. citizens in Greece with their self-employment tax obligations?
U.S. citizens in Greece who have self-employment income are subject to U.S. tax obligations. Here are some resources and professional services that can be helpful:
1. IRS Website: The Internal Revenue Service (IRS) website provides a wealth of information on self-employment taxes, forms, and requirements. U.S. citizens in Greece can access tax forms, publications, and guidance on reporting self-employment income.
2. Tax Professionals: Enlisting the help of a tax professional who is well-versed in U.S. tax laws and regulations can be beneficial. Tax professionals can provide guidance on tax requirements specific to self-employment income and ensure compliance with U.S. tax laws.
3. Online Tax Services: There are online tax preparation services that specialize in handling U.S. taxes for expatriates. These services can assist U.S. citizens in Greece with reporting their self-employment income accurately and timely.
4. Expatriate Tax Firms: Some tax firms specialize in providing tax services to U.S. citizens living abroad. These firms have expertise in navigating the complexities of self-employment taxes for expatriates and can offer tailored advice and assistance.
It is essential for U.S. citizens in Greece with self-employment income to seek out these resources and professional services to ensure compliance with U.S. tax laws and fulfill their tax obligations.