Please give your perspective on my situation..
I am American living in a foreign country for 10 years and was self-employed during that time and did not file any tax returns during that time. My income was probably not enough to owe tax even if I were living in the USA but due to my not setting foot in the USA for 10 years Im not worried about the income tax. I was not aware of self-employment tax until recently and getting a bit worried about it as my income has increased during the past year.
So if I were to file for the past three years to take advantage of the "expat amnesty program" that is being advertised by the irs at this time what would happen in regards to self-employment tax from previous years before that time?
Is there a difference in the degree of pursuance for income tax vs. social security tax?
How many years back could they seek self-employment tax?
Thanks in advance for your time..