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USA Tax in Singapore

Hire the US Expat Singapore professional to understand the Filing USA Tax Singapore for Tax Season with Accuracy at affordable prices. Our tax advisory help you to filling the tax return by fill all the required tax filling documents and forms with follow the new changes in tax laws. @ http://advancedamericantax.com/

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USA Tax in Singapore

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  1. USA Tax in Singapore

  2. If you are willing to work in Singapore on an independent basis as an individual contractor, you will be held liable to pay tax under the category of self-employment tax. • However, there’s always a way that can help you legally avoid self-employment USA tax in Singapore so you won’t regret working abroad. To make sure you unnecessarily don’t overpay, reading this post may prove valuable.

  3. What Is USA Self-Employment Tax In Singapore? • When it comes to evaluating self-employment US taxation in Singapore, it comprises social security and Medicare taxes for individuals who work for themselves. • However, if you work under a contractor or employer, you pay half of the sum of both the taxes, i.e. Social Security and Medicare Taxes. • And when you are self-employed, you will work both as an employer as well as an employee, and thus required to pay the full sum of both the taxes.

  4. How to Organize Your Business to Avoid Paying Excess Self-Employment Tax as an US Expat in Singapore? • If you seek detailed information and get the assistance of a professional tax expert, you will be able to avoid paying the excessive self-employment tax. • As a US expat in Singapore, you can minimize your self-employment tax burden by structuring your business income accordingly. Being a self-employed individual, you may have or haven’t established a limited liability company (LLC) to conduct your business operation. • According to the law, a single owner running an LLC will not be categorized as a separate entity for tax purposes but will be considered a disregarded entity in which the net income you have earned is only subject to self-employment tax.

  5. Is There Is Any Possibility To Avoid Paying Self-Employment Tax With A LLC In Singapore? • The best way to avoid paying self-employment tax in Singapore is to establish a US LLC in Singapore. For US tax returns in Singapore, a foreign LLC is considered a foreign corporation. • And if you operate your business through a US LLC, your earned income i.e. salary paid by the foreign LLC would not be subject to social security and medicare tax. And finally, the income will be eligible for the foreign earned income exclusion. Source:- https://amazinginfos.com/how-can-you-avoid-self-employment-usa-tax-in-singapore/

  6. Contact Us • Address: #25-00, Samsung Hub, 3 Church St, Singapore 049483 • Phone No: +65 9720 1040 • Email Us: Help@AdvancedAmericanTax.com • Web: http://www.advancedamericantax.com/

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