I am going to be working in Nigeria for at least a year beginning in a few weeks. My employer is foreign based and my US$ salary will be deposited in my US bank account. Would it be beneficial for me to have my foreign employer deposit money in an offshore or another foreign account and only transfer money to my US account as needed? And if out of the country for all but 30 days out of a year I am only taxed on income after the first $90,000, do I need to pay taxes quarterly? Or please make suggestions that would be beneficail to me. I still wish to claim about $80,000 a year to keep my SS in good standing.

You are asking us for stategies to EVADE taxes, which is illegal.

Now, you CAN legally claim the Foreign Earned Income Exclusion for the first $91,500 of your income earned while working in Nigeria. If you are paying Nigerian taxes and earned MORE than $91,500, you can also claim the Foreign Tax Credit (after accounting for the excluded income).

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Originally Posted by AtlantaTaxExpert

You are asking us for stategies to EVADE taxes, which is illegal.

Now, you CAN legally claim the Foreign Earned Income Exclusion for the first $91,500 of your income earned while working in Nigeria. If you are paying Nigerian taxes and earned MORE than $91,500, you can also claim the Foreign Tax Credit (after accounting for the excluded income).

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Thanks. One reason I am asking is to be sure jam legal. Please excuse my ignorance. Ccan you tell me how or when I pay taxes? Quarterly? Or once a year? Am I correct on time in country? There are probably many questions I should be asking, but do not know what yo ask.

You will file after the year ends. Quarterly estimated payments MAY be needed, but the first year, you get to wait until you file to pay without penalty.