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Reinbursed items from non-W2 international Employer (US citizen/resident)

I am employed by an international employer who does not provide a W2 but I am currently residing in the US and not abroad so I fill out my income as a contractor. This past year I had several travel items that I paid for out of pocket and was reimbursed by my employer. The reimbursement was in the same transaction as my normal pay, but it was marked on the invoices what was paid as expenses. Reading into this, it seems if its the same transaction I have to mark this as income? Or because it wasn't on a W2 I can take out the items that were reimbursements and just list my income?

 

So for example my invoice for one month says $3000 - Pay check $2000, travel costs $1000. Do I have to list $3000 because its the same transaction or can I just list $2000 and keep the receipts in case I'm audited?

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1 Reply
CatinaT1
Expert Alumni

Reinbursed items from non-W2 international Employer (US citizen/resident)

You are filing a Schedule C as an independent contractor, so you will record both your income and expenses

 

In your example, you would record the following:

Income $3000

Travel Expense $1000

 

This would end up with a net income of $2000

 

Yes, keep your receipts. You need to be able to prove your income and expense items if audited.

 

Below are a couple of links that might be useful to you. 

About Schedule C 

Self Employed Individuals Tax Center 

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