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Get your taxes done using TurboTax
@johnalmeida02 , generally agreeing with @LinaJ2020 on tax treatment of income from a foreign entity, a point I would like to add --- if you are an employee of a foreign entity with NO US presence , it will not have an EIN & therefore NO W-2. In such case, you are treated as self-employed and income source is domestic/US sourced. Thus you will be liable for the SECA taxes ( 15.3% of the net income ) , report your gross income and associated allowable expenses etc. on Schedule-C. TurboTax will also generate Schedule-SE. Is this your case ?
March 26, 2021
1:36 PM
1,119 Views