Hi ,
I would like to know whether a H1B Visa hoder Eligible for Google Adsense Income and if so which tax form is applicable.
I will glad to receive an answer .
Thanks in advance
Regards
Raj
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Hi ,
I would like to know whether a H1B Visa hoder Eligible for Google Adsense Income and if so which tax form is applicable.
I will glad to receive an answer .
Thanks in advance
Regards
Raj
In my opinion, you can collect Google Adsense income, as that is income that you would be able to collect worldwide.
It IS subject to U.S. taxes as self-employment income. You would need to report it on Schedule C or C-EZ.
Thanks for answer but I will be glad if you can eloborate a little more on the Schedule C or C-EZ.
Regards
YUKi
Schedule C is the form that is used to report business or contract income, which is what the Google Adsense income is considered to be by the IRS.
You enter the gross income near the top of the form. Towards the middle of the form you enter the expenses incurred to generate this income.
Those expenses include, but are not limited to, the cost of your computer (on a pro-rated basis), the cost you're your Internet connection (again, on a pro-rated basis), and other necessary costs incurred to generate the Adsense income.
The difference between your income and these costs is what you will pay taxes on.
Thanks a lot
Glad to help!
Feel free to contact me via email (see address below) if you need professional help preparing the Schedule C and the rest of your tax return.
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