Irs

Expat Tax Guide: US Citizens Abroad Still Owe IRS on Worldwide Income

A tax expert writing for Entrepreneur outlines that Americans living abroad remain subject to U.S. taxation on worldwide income, including side-hustle earnings like freelance work or e-commerce, even when paid into foreign accounts. The piece notes such income triggers a 15.3% self-employment tax that popular breaks like the Foreign Earned Income Exclusion and Foreign Tax Credit cannot offset.