Work for a company in your home country. Help and tips needed.

[Suss&Camm 2,213]

It might even be so that you will be paying taxes in the US...after reading a bit

I'm very interested in what you will come up with through your research...seems there are many laws here... immigration and tax laws and some conflict...and also will depend on your status... 

Maybe someone gone though the same will see this and have better tips... but I am now unsure about my first answer on where you will tax. Good luck! And sorry to not be of more help!

[Sara_1982 17]

1 hour ago, Suss&Camm said:

Have you officially moved from Sweden? Made your "anmälan till skatteverket som utflyttad"? If you have you can actually apply to not pay taxes in Sweden... I think you should talk to skatteverket about it. There's a link a bit down on this page about it. Doesn't matter if salary is payed in Sweden or not...

https://www.verksamt.se/driva/anstalla/anstalla-personal-utomlands/anstall-svenska-medborgare-utomlands

 

Thank you for the link! Yes I have officially moved and am officially "utförsäkrad" in Sweden

[Loki_Go 126]

I work from my home for my birth country of Canada. I have since the first day I moved here on a K1 visa. The biggest piece of advice I'll give you is YOU need to look into your situation, as your company will not be responsible for figuring out your taxes, 401K, health insurance, etc. I work for a huge global company with a big HR company and a team of lawyers and none of them were responsible for looking out for me, and I don't blame them.

 

My salary is deposited into my Canadian bank. I kept all my accounts/investments open so I could still be paid seamlessly. Since I'm no longer a Canadian citizen I don't qualify for Canadian health care (and when you do your 2017 taxes you'll have to declare you're no longer a Swedish resident) and I now pay for US health coverage.

 

I pay Canadian taxes on my income and I use a form for exemption from being double taxed on it in the US. I report my Canadian income as foreign income on my US tax return.
 

As far as investments go, you need to look into what you're entitled to. I had to cash out one particular Canadian investment as I was no longer allowed to benefit from it since I was no longer a Canadian citizen. I now use a self directed savings plan here in the US.

 

One thing to think about- if you choose to have your wage deposited into a Swedish bank account (and I'm assuming this is what your company will do because it's how they pay their employers) you need to figure out the best way to move that money to you here in the US. For me I have to take a big chunk out each week (I'm paid weekly) by the ATM and take that cash and deposit it into my US bank account. I pay about $4 in service fees each time I do this so I try to do this as few times a month as I can.

 

You will need a very competent account to do your dual taxes. H&R Block will not cut it. Expect to pay quite a bit for this service... it's all you can really do to be able to live the life of working form home. It's worth it in my opinion.

 

 

Again, and I can't stress this enough- you need to look out for YOU and not expect this HR department to cover you. It's complicated to do this.

 

 

[Loki_Go 126]

Oh, one nice thing about working form home- you can claim a portion of your bills and rent/mortgage if you use a specific office space in your home. I have an office that's only used for my work (this is mandatory for this to work) so I got a decent tax cut on my Canadian taxes. I still paid quite a bit though lol. Ouch.

 

[Sara_1982 17]

On 1/12/2017 at 7:18 AM, Loki_Go said:

I work from my home for my birth country of Canada. I have since the first day I moved here on a K1 visa. The biggest piece of advice I'll give you is YOU need to look into your situation, as your company will not be responsible for figuring out your taxes, 401K, health insurance, etc. I work for a huge global company with a big HR company and a team of lawyers and none of them were responsible for looking out for me, and I don't blame them.

 

My salary is deposited into my Canadian bank. I kept all my accounts/investments open so I could still be paid seamlessly. Since I'm no longer a Canadian citizen I don't qualify for Canadian health care (and when you do your 2017 taxes you'll have to declare you're no longer a Swedish resident) and I now pay for US health coverage.

 

I pay Canadian taxes on my income and I use a form for exemption from being double taxed on it in the US. I report my Canadian income as foreign income on my US tax return.
 

As far as investments go, you need to look into what you're entitled to. I had to cash out one particular Canadian investment as I was no longer allowed to benefit from it since I was no longer a Canadian citizen. I now use a self directed savings plan here in the US.

 

One thing to think about- if you choose to have your wage deposited into a Swedish bank account (and I'm assuming this is what your company will do because it's how they pay their employers) you need to figure out the best way to move that money to you here in the US. For me I have to take a big chunk out each week (I'm paid weekly) by the ATM and take that cash and deposit it into my US bank account. I pay about $4 in service fees each time I do this so I try to do this as few times a month as I can.

 

You will need a very competent account to do your dual taxes. H&R Block will not cut it. Expect to pay quite a bit for this service... it's all you can really do to be able to live the life of working form home. It's worth it in my opinion.

 

 

Again, and I can't stress this enough- you need to look out for YOU and not expect this HR department to cover you. It's complicated to do this.

 

 

Thank you so much for sharing your knowledge and your advise! It helped a lot

Edited January 17, 2017 by Sara_1982