Tricky question that I need guidance
I am a US taxpayer (citizen) who owns a foreign business that does business in the US.(call center) I jointly file with my wife who is a dual citizen. We moved abroad almost exclusively during covid 19 height. She started a small business ( call center) that provides outsourced reps to a US based hospital. I was hoping to know 3 main questions. 1. With filing, should this be included in our tax filing on or about Feb./March? 2. If so, are we able to claim standard deductible purchases for the business ( tools, supplies, office space, utilities, business travel, ect.) 3(a) Any foreign taxes (filings) are the able to be claimed as business expenses? 3. (B)And should we/she file an itemized or standard filing? I greatly appreciate any assistance as we are not rich and the small business is estimated to gross approximately 3, 000 usd currently at this pace. Next year it should approach 10,000.
