Which Is Anual Credit Report
Q: I'm a legal US Resident (i've green card) and I have a job with a foreign company - a company in a country that doesn;t have any tax treaty with the US gov. that company pays my salary in a foreign money and i've to pay taxes in that country for social security (for that goverment), etc... I work as a consultant, last year the company sent me to a project in the US. Now I have to pay taxes and I don't know what to do. My income (basically the salary that my employee pays to me in the foreing country) doesn't qualify for the foreign income exclusion. (There's no treaty between US and the country where I have my job and I don't qualify nether bona fide presence test nor phisical test since I was in the US all FY 2005). So I've to pay taxes in USA for the income I received in the foreign country.. and these are my concerns. How do I report that income? I use turbotax to make my taxes, and after answering all the questions turbotax put the salary in the line 7 (form 1040) .. but there;s a note in that line stating: Attatch W2 forms. The 1040 from has a section call Wages, salaries, ..... (7) where you must put your anual income from salaries... My question is.... Should I put my salary there? ...I don't get a w2 form from anybody because my salary is paid for a foreign company and They're not going to give me that form (I've a form from the foreign tax office but that is not valid in US). It's ok to put my salary there? or I'm going to be object of an audit because the IRS won't find any w2 related to me. I cannot use form 2555 because I'm not claiming the exclusion. so my main concern is how to report the taxes saying that my income comes from a foreign country. What happen when you report salaries that are not in any W2 form (in my case all my salaries). My other question is, Do I have to pay social security and medicare taxes? is this an obligation for US citizen and residents.
A: You must report all income, from what ever source. IRS will not get upset if you report more salaries than they find on W-2s; they only go after those where it is the other way around! Since your employer does not report on a W-2, you do not attach anything to your return, just report the amount received in Line 7. If you must pay income tax to the employer's country,