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Dealing with Irish self-employment taxes

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(@kpmccahill)
Active Member
Joined: 6 years ago
Posts: 8
Topic starter  

Hi, 

Does anyone have experience with self-employment taxes in Ireland? I'm a US and Irish citizen considering a move to Ireland. I'm self employed here in the US. I'm aware of the 2555 Foreign Earned Income form for paying my US taxes while abroad, but paying taxes into the Irish system ... that I'm not so clear on. I've read information on citizensinformation.ie, but does anyone have experience with this or recommendations of someone to speak with? Thanks. 


   
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(@jeanb)
Active Member
Joined: 6 years ago
Posts: 10
 

I can't answer too much about the SE taxes, but this company  https://thunfinancial.com/american-expat-financial-advice-research-articles/ has some great info about taxes for Americans and dual citizens abroad.
You'd pay taxes to Ireland while you were there and you'd have to file in the US but unless you make over a certain amount (ca. 100k) you would not owe additional in come tax to the US. 
I don't know how this interacts with the SE payments for social security, etc. But the company referenced above seem to have their info straight.
It's worth reading through their site- there's some crazy fallout from recent regulations (FATCA, FBAR) intended to stop off shore tax dodging strategies that makes being an American abroad quite complicated. Particularly if you have any investment income at all.


   
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(@kpmccahill)
Active Member
Joined: 6 years ago
Posts: 8
Topic starter  

Thanks so much @jeanb!

 

 


   
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