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Level 1
April 16, 2026
Question

overseas income and expenses

  • April 16, 2026
  • 1 reply
  • 173 views
foreign contractors

1 reply

AmyC
Level 15
April 16, 2026

You report the worldwide income and expenses in USD on your business return. You may qualify for the foreign earned income exclusion or the foreign tax credit. You do not issue 1099-NEC to foreign workers performing work outside the US.

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