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VinnyGambini

I'm a new 1099 employee

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Filed: K-1 Visa Country: Canada
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Hi All,

I just got a job after being unemployed since graduating college. I'm technically a 1099 employee. What should I be doing to help my chances later on in the K-1 stages as far as my checks are concerned? I will just be supporting my fiancee. I'm also confused about the poverty level. Anybody have any answers?

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Filed: IR-1/CR-1 Visa Country: Vietnam
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An independent contractor is a self employed person. Be sure that you pay all the taxes, etc. that you are supposed to.

As far as an affidavit of support, the amount used for income is going to be the income shown on line 22 of your tax return for 2012. If it does not meet the requirement then you would need a joint sponsor.

Click the I-864P link in my signature below to see the income amounts required.


I-864 Affidavit of Support FAQ -->> https://travel.state.gov/content/visas/en/immigrate/immigrant-process/documents/support/i-864-frequently-asked-questions.html

FOREIGN INCOME REPORTING & TAX FILING -->> https://www.irs.gov/publications/p54/ch01.html#en_US_2015_publink100047318

CALL THIS NUMBER TO ORDER IRS TAX TRANSCRIPTS >> 800-908-9946

PLEASE READ THE GUIDES -->> Link to Visa Journey Guides

MULTI ENTRY SPOUSE VISA TO VN -->>Link to Visa Exemption for Vietnamese Residents Overseas & Their Spouses

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Filed: Citizen (apr) Country: Ukraine
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Hi All,

I just got a job after being unemployed since graduating college. I'm technically a 1099 employee. What should I be doing to help my chances later on in the K-1 stages as far as my checks are concerned? I will just be supporting my fiancee. I'm also confused about the poverty level. Anybody have any answers?

You are not an employee, you are an independent contractor.

Keep copies of your check stubs (if you get check stubs, you may not),OR deposit ALL your income in the bank, bank records can then be used to show income rather than. Direct deposit woul dbe ideal if they will do it for you. HOWEVER your income is income to a business, even if YOU are the business, it is reported on schedule C as "gross revenues", that does nothing for YOU, the only income that counts is the bottom line of schedule C which goes to Line 22 on the return.

When it comes time to do your taxes you will be deducating as business expense as much as possible to avoid payroll tax (15% on every dollar) but doing so reduces personal income...line 22 on your tax return and can easily drop even a well paid person below the guidelines...happens all the time. You are self employed and will file a schedule C and that will need to be included with the tax return (if you use 2012 for the affidavit)

You wil need to be careful to document everything and perhaps have a co-sponsor lined up and/or be prepared to pay a large tax bill if you claim all the income as personal income and do not deduct expenses and costs then you will pay 15% payroll tax (social security and medicare) on every dollar PLUS income tax.

What some people have done is not claim any expenses or costs, claimed everything as personal income, paid the full tax bill, filed the affidavit and then filed an amended return to get the money back. Works, BUT make SURE you have everything documented as you just pulled down your pants and bent over for an audit!


VERMONT! I Reject Your Reality...and Substitute My Own!

Gary And Alla

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