If a company in a foreign country hires independent contractors in the US, how do those contractors account for payment for tax purposes?
If this income is counted under "misc. income", is it then impossible for the contractor to claim the EIC if they have no other source of income?
I have only dealt with independent contractors who have been given 1099s, so I'm at a loss in this situation.
Thank you
If this income is counted under "misc. income", is it then impossible for the contractor to claim the EIC if they have no other source of income?
I have only dealt with independent contractors who have been given 1099s, so I'm at a loss in this situation.
Thank you