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Quick question pertaining to Foreign Income Exclusion
09-13-2016, 04:28 AM
(United States) If all your income falls under the $100,800 (2015) umbrella and you still have to pay self-employment tax, anyone know if that self-employment tax can be penalized if you don't file or pay late? Or is the self-employment tax portion treated differently?
I'm assuming it's penalized the same but wanted to see if anyone knew for sure.
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Quick question pertaining to Foreign Income Exclusion
09-13-2016, 07:21 AM
Quote: (09-13-2016 04:28 AM)gang Wrote:
(United States) If all your income falls under the $100,800 (2015) umbrella and you still have to pay self-employment tax, anyone know if that self-employment tax can be penalized if you don't file or pay late? Or is the self-employment tax portion treated differently?
I'm assuming it's penalized the same but wanted to see if anyone knew for sure.
Yes you can be penalized for late paying and filing.