Do US citizens have to pay annual taxes if you live abroad

Yes, US Citizens have to pay taxes on world wide income even if you are living abroad.

In this scenario, especially we highly recommend that you consult a CPA or a tax professional etc. Certainly not recommended for DIY even if you are generating minimum or no income. They usually have hig...

Which US state has the lowest overall fees for incorporating and maintaining a LLC for a non-resident

Hi

There are many states that have low LLC state filing fees like Arizona, New Mexico, Ohio, Mississippi, Missouri. ($50-$100 range)

However, for most non-residents, Delaware is very popular. This is because of the well-established business law processes & procedures in Delaware...

How do I pay extra taxes for the remainder of the year to make up for a lack of paying federal taxes thus far?

f you are an employee, you can complete the form W4 and hand it over to your payroll department. Your employer will withhold taxes for you.

If you are self-employed or as a 1099 contractor, then you need to calculate your estimated taxes 1040-ES is the form.

Below blog article has l...

Can you write off moving expenses on taxes?

Did you recently move to a new job? You may be eligible for moving expense deduction if you changed locations or moved into a new home. New home refers to the main home and not a vacation or seasonal home.

Eligible expenses may be claimed as a tax deduction if they pass three tests :

Hidden costs of LLC

Frequently asked question relating to hidden costs of LLC vs Corporations

LLC, in fact,  have lower maintenance costs as compared to a C or S Corporation. Corporations may have additional compliances.

Depending on y...