Skip to main content
Level 3
September 23, 2022

The World Bank Group

  • September 23, 2022
  • 2 replies
  • 7 views

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? 

    This topic has been closed for replies.

    2 replies

    BobKamman
    Level 15
    September 23, 2022

    Is he a US citizen or resident alien?

    GERRY7Author
    Level 3
    September 24, 2022

    He is a citizen

    sjrcpa
    Level 15
    September 24, 2022

    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.

    The more I know the more I don’t know.
    BobKamman
    Level 15
    September 24, 2022
    GERRY7Author
    Level 3
    September 24, 2022

    Thanks