Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she's been on for nearly nine months traveling the world.
As a U.S. citizen or permanent resident, you incur U.S. income taxes on "worldwide income," whether you're making money from a ship or another country.
Gifts can become 'taxable income'For some self-employed cruise passengers, income could come in different forms.
Joe Martucci, another passenger on the ship, is a certified public accountant who lived abroad for 16 years.
Retired CPA Joe Martucci poses for a photo in Montenegro, a stop on the Royal Caribbean Ultimate World Cruise.
Persons:
Jenny Hunnicutt, she's, Hunnicutt, Jane Mepham, Mepham, Joe Martucci, He's, Martucci
Organizations:
Royal, Financial
Locations:
Florida, Bahamas, Austin , Texas, Montenegro, Australia