Not just a plane ticket. You need to take into account visas (can’t just fly in as a tourist and start working), employer sponsorships, temporary accommodation and living expenses until you get paid, and other kinds of expenses.
Depends on exactly what you’re doing. If you’re starting a business in Japan for example, it’s fine for the duration of your tourist visa, then you have to leave and apply for a business visa, if you’re doing it in China, or Vietnam, you have to reenter on a business visa. It’s very common to arrange business sponsorships in person in Vietnam on a tourist visa then reenter. IDK about China. Temporary accommodation and living expenses can be extremely cheap compared to the US if you don’t mind sleeping in a hostel and eating street food.
But yes I didn’t bother to include non-monetary things you’d need to set up, such as employer sponsorships.
Not just a plane ticket. You need to take into account visas (can’t just fly in as a tourist and start working), employer sponsorships, temporary accommodation and living expenses until you get paid, and other kinds of expenses.
And don’t forget that you still have to pay US income taxes on income earned overseas! 🙄
If you spend 330 days in non-US countries and pay tax somewhere else, you qualify for the FEITE on the first 130K+housing.
Not really almost everyone has reciprocal tax agreements. You have to file but you deduct all the taxes you’ve paid the local country.
Not if you renounce citizenship.
There’s a fee for that, not joking
You still have to file US taxes for 7 years afterwards to prove you didn’t renounce just to avoid paying.
Only if you report your income 😉
Depends on exactly what you’re doing. If you’re starting a business in Japan for example, it’s fine for the duration of your tourist visa, then you have to leave and apply for a business visa, if you’re doing it in China, or Vietnam, you have to reenter on a business visa. It’s very common to arrange business sponsorships in person in Vietnam on a tourist visa then reenter. IDK about China. Temporary accommodation and living expenses can be extremely cheap compared to the US if you don’t mind sleeping in a hostel and eating street food.
But yes I didn’t bother to include non-monetary things you’d need to set up, such as employer sponsorships.