I have a client who is a US citizen and resides in NYS. In late July of 2018, he went to China to work on a teaching fellowship at Shanghai New York University. He earned approximately $15,000 and paid $1,700 in Chinese tax. The earnings should be subject to US income tax & he should get the foreign tax credit for the taxes paid to China. My question is whether the income is subject to US social security / self-employment tax, and if so how would it be paid.
Thank you for your comments.
Michael J. Bonaiuto, CPA
Catenacci Markowitz De Landri Rosner & Co.
37 Saw Mill River Rd, Suite 101
Hawthorne, NY 10532
Tel: (914) 347-4370 ext 127
Fax: (914) 347-3541
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