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The World Bank Group

GERRY7
Level 1

I have a new client who works for The World Bank Group. He says that they do not get a W2. He only sent me a statement from the bank showing the gross income and estimates of FICA and medi-care taxes. The foreign entity pays them the money to cover their taxes and they have to take care of it. Do I enter his gross income in Schedule SE directly? OR on Schedule 1- other income? 

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Accepted Solutions
sjrcpa
Level 15

It's wages. Report on the wage line. Your software probably has a box to indicate foreign employer.

Taxpayer has to pay SE tax on the compensation. Your software should have a way to enter this on Schedule SE.


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5 Comments 5
BobKamman
Level 15

Is he a US citizen or resident alien?

GERRY7
Level 1

He is a citizen

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sjrcpa
Level 15

It's wages. Report on the wage line. Your software probably has a box to indicate foreign employer.

Taxpayer has to pay SE tax on the compensation. Your software should have a way to enter this on Schedule SE.


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BobKamman
Level 15
GERRY7
Level 1

Thanks

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