Hi,
I am a US citizen. I have been offered the opportunity to freelance for a company in Canada. I've freelanced before, so I understand how those taxes work. But my two questions are, (1) Are there any penalties or additional taxes I'll have to pay on the US side for gaining foreign income? (2) Do I need to file Canadian taxes since the income I'm gaining is from that country?
The company will be paying me in USD over paypal.
