- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
W4 Question
Hi there, I have a second job as a sport professional where I am compensated partially in salary, bonuses and in expense reimbursement. This is paid by an entity (shoe company) based outside of the US. I am a US citizen, and all business for the shoe company is conducted in the US. I am paid in US dollars. I adjusted my W4 on my primary job using the IRS form to calculate additional withholding to account for the second job, but is there anything else I need to do, or be aware of given the entity paying me is outside of the US? Would I have my tax professional prepare a 1099 at the end of the year to declare the income to the IRS? As far as I understand it, the expense reimbursement is not taxable income? Thank you!
May 24, 2023
9:10 AM