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If you are a US digital nomad, or other expat doing business abroad, you likely have thought about the tax consequences of where you are living. We have covered some of these topics in a prior blog. One thing to also be aware of is that there are additional, non-tax reporting requirements. The basic list is pretty short, but the requirements are important. These requirements revolve around: • holding money in a non-US bank account • having ownership of a foreign business Repo

The most common tax question from digital nomads is, of course, ‘Do I even need to file?’ The easiest answer is that it always makes sense to file, regardless of your situation or earnings. This offers some level of protection as the IRS cannot then penalize you for failing to file. For the remainder of this article, we will dive into the answer in a more detailed manner. Do I need to file? If you earned more than the standard deduction amount, regardless of where it was earn