Overseas Contractors Services
Overseas Assignments can be a tax windfall or a tax nightmare
Every tax situation is unique. Overseas deployments are not only unique but are also complicated. The existence of the
Earned Income Exclusion is widely known but rarely understood. We provide free tax advice on key areas:
- Withholdings – Don’t Go Exempt
- The Earned Income Exclusion is pro-rated based on time outside of the US
- Earnings in excess of the Earned Income Exclusion is taxed at the marginal rate as if there was no exclusion
- Filing Procedure
- The filing procedure can be complicated and usually requires filing one or more amended returns
- There are special procedures to avoid paying taxes “up front” when you don’t qualify for the Earned Income
Exclusion In The First Year of Deployment
- State Taxes
- Each State is Unique and May or May Not Have Tax Benefits for Overseas Contractors
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