Thinking of moving to Europe, and I want to make sure I am handling taxes properly if I move abroad. I do not know if I would just stop working for now & live off savings or if I’d try to find a remote job from America. I am in the very early stages and this may never even come to fruition, but anyone have experience or expertise on this topic? Looking at moving to either France, Greece, or Czech Republic. I know there are tax treaties between the US & other countries but those documents are soooo long and hard to understand
It’s simple. If you have any income, US or foreign, you must file. Tax itself is paid to the country where it was earned, even if you’re working remote. Don’t forget FATCA.
Taxes are different everywhere. Figure out where you want to go then worry about taxes. Generally you will pay taxes where you live. Then you file a return in the U.S. if you will take a tax exemption or credit depending on your finances. Most people do not owe in the U.S. when living abroad because generally taxes are higher in other developed nations.
Please also consider the legalities of such a move because unless you’re already an EU citizen, your plan is not doable.
Taxes are not a problem. You simply file them every year just like you do now. Immigration is not as simple as picking up and moving. I would suggest you start by looking at the immigration rules and learn how you can move to another country. The worry about taxes is pretty far down the list to me. I would worry about retirement and savings before taxes