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Old 05-06-2015, 02:36 PM
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Freelancer receiving foreign income

I am a freelance translator. This is my first year doing this. I imagine I'll receive a slieu of 1099's at the end of the year... but there are a couple of companies I am working with in Spain, and I imagine I will earn over $600 this year with them. Do I need to claim this income?



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Old 05-06-2015, 03:27 PM
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Originally Posted by chelle62099 View Post
I am a freelance translator. This is my first year doing this. I imagine I'll receive a slieu of 1099's at the end of the year... but there are a couple of companies I am working with in Spain, and I imagine I will earn over $600 this year with them. Do I need to claim this income?
No 1099Misc from foreing employer; Aslongas you are a US citizen.national/ residnet even for tax purposes, you need to report your US soource and world wide income,in this case your self employmemnt income that you earn from/in Spain, on your fed/state returns;however you can claim foreign tax crdedit/deduction on your US return to claim tax that you pay to Spanish taxing authority(ies). Aslongas the amount on your Sch C line 29 / 31 is $400 or exceeds $400 you must file and aslongas the amount on Sch SE line 2 / 3 is also $400 or exceeds $400 you need to pay self employment tax.



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