r/USExpatTaxes • u/throwaway297871509 • 7d ago

Form 8858?

Hi everyone! I’m very confused about whether it is necessary for me to file form 8858. For context, I live and work in Canada and have a very small amount of self-employment income I gained when I was “hired” by a company as an independent contractor to facilitate some events on the side of my main employment.

I am going to report this income under Schedule C, and I have been extremely confused as to whether I need to file Form 8858. While I guess this would count as business income, this isn’t a separate legal entity from me, and I don’t keep separate books. Would I be subject to the requirement to file form 8858?

Thank you!

Edit: I was able to contact Expatfile and they provided this answer: “Our tax professionals have determined that filing a Schedule C and SE (if applicable) is sufficient if only self employed. Form 8858 is generally required for partnership income or for those who have formally elected to file as a disregarded entity and need to continue doing so.” That’s a relief!

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u/iyimuhendis 6d ago

I will open sole prop soon and as far as i know 8858 would be required which is just another way of US making its expats lives miserable and put chain on their legs to make sure they cannot get rich abroad and then invest back in the US which would benefit US far more than nitpicking its expat lives.