Taxes for the Vagabond Internet Marketer

T

the big picture

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Nov 10, 2011
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I told my accountant today, that as of Dec 31st, I won't have a permanent address, and don't plan on having one for atleast a year. He looked at me like I was a fucking alien.

How do you guys manage taxes and other stuff when you are on the run travelling? What do you list as your permanent address?

For the time being I am just going to claim permanent residence at a family home in a state with no income taxes. It isn't a lie, I will technicaly be keeping my belongings there and visiting quite often. Is this advisable?

I assume this is a common issue with some easy work arounds?
How do you guys manage?
 


Big Joe said:
Couldn't you just say you moved out of the country and forget filing taxes?
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Not nearly that easy if you are from the US. To get out of paying (legally anyway) you have to give up your citizenship first and then you can still be required to file for another 10 years.
 
ARVolund said:
Not nearly that easy if you are from the US. To get out of paying (legally anyway) you have to give up your citizenship first and then you can still be required to file for another 10 years.
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I don't know if that is actually accurate. Greece has mandatory enlistment so I left the States for two years while I was in the Greek army and nothing happened to me. No IRS papers were sent to me or anything like that and for the first year I actually did work for three months so technically that year I did show income.

Now I am back in the States for 6 years and nothing ever happened about it.
 
speaking of taxes, I've been quite a moron the past few years. Filing as LLC and paying 15% self employment on my total net, opposed to filing LLC as S Corp status and paying 15% on salary. I've wised up finally, a revelation that will result in thousands of $ saved (at least, I hope, still researching).
 
If your seriously roaming the country your residence is defaulted to the old state until you take up residency in a new state, you can't take residency in a state you've never actually tried to create a permenant residence in.

If your serious about changing states, make sure you change your dl, car tags, sell your home, leave all leases. In new state at least open up a po box and change your mailing address to that po box on cc bills, etc. Open a bank account in new state, etc. etc.
 
wiredniko said:
I don't know if that is actually accurate. Greece has mandatory enlistment so I left the States for two years while I was in the Greek army and nothing happened to me. No IRS papers were sent to me or anything like that and for the first year I actually did work for three months so technically that year I did show income.

Now I am back in the States for 6 years and nothing ever happened about it.
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Are you a Greek citizen or a US citizen? That would make a difference. There could also be exceptions for military service as well but chances are they just never noticed.

And remember there can be a big difference between what you are legally supposed to do and what you get caught doing. The law is as long as you are a US citizen you are supposed to be paying taxes and in some cases longer than that. Do they catch everyone who does not? Of course they do not, they do not catch everyone who does not pay all their taxes that stay in the country. As with any taxpayers they spend most of their time targeting people who they think will give them the most bang for their buck when they audit them, mainly high income.

It is even worst than that. The IRS has actually gone after "accidental" citizens that were born here to foreign parents and have never lived in the US since they were babies. The US is the most aggressive country in the world when it comes to going after taxes on out of country income, that is why more and more banks have just stopped dealing with US citizens, just way more trouble than it is worth.
 
Become a resident of Alaska. IIRC they pay you.

Then travel the world on all your ill-gotten Alaska monies.

Good luck bro.
 
dreamache said:
speaking of taxes, I've been quite a moron the past few years. Filing as LLC and paying 15% self employment on my total net, opposed to filing LLC as S Corp status and paying 15% on salary. I've wised up finally, a revelation that will result in thousands of $ saved (at least, I hope, still researching).
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Hire a CPA
 
This thread is full of misinformation...

If you don't have a fixed address, rent a box or something...

If you move to another country then if you are a US citizen or legal resident (green card holder) you are still liable for US taxes.
 
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