calling UnitedNations, Joef, NATO, Tammy

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WorryForGC

Registered Users (C)
Please help with the following questions if you can.

it is less than 180 days of my filling and I havenot worked for the GC employer, can I use the EAD to work for any employer for now. If I invoke the Ac21 can I still go back to work for sponsoring GC employer. If I don't invoke Ac21 what are my obligations

UN if I start an LLC, am I essentailly required to report that in my personal tax filling this year.

What if I want to payout some advance to another company B to do some work for me, say give out 50K, then can I take that loss in my personal income as it will be only 20 days that I opened and I am taking tax benefit by showing loss.

Thank you & God Bless
 
on your first Q

Think you are ok to have not worked for the sponsoring GC guy, if you don't invoke the AC21 you have to go back and work for the sponsor once it is approved.

if working in between anytime before the 485 approval satisfies your requirement for citizenship down the line, but you may still have to invoke Ac21. May be tammy canclarify that more

think Q 2&3 are totally JoeF, UN expert areas
WorryForGC said:
Please help with the following questions if you can.

it is less than 180 days of my filling and I havenot worked for the GC employer, can I use the EAD to work for any employer for now. If I invoke the Ac21 can I still go back to work for sponsoring GC employer. If I don't invoke Ac21 what are my obligations

UN if I start an LLC, am I essentailly required to report that in my personal tax filling this year.

What if I want to payout some advance to another company B to do some work for me, say give out 50K, then can I take that loss in my personal income as it will be only 20 days that I opened and I am taking tax benefit by showing loss.

Thank you & God Bless
Click to expand...
 
Thanks very much unitednations for your thoughtful advise, few clarifications

1) so if I join the other company without 180 days having passed and when I send out the AC21 say about a month later than 180 days, don't I need to give a letter confirming my join date, or during the interview they may notice that too or even from W2 or tax papers if they ask.

Also what if I go back and work for the GC sponsor after few months, can I do that if I have invoked AC21 or If I haven't, does it make a difference


2) so if I opened the company in Dec this year and there is no loss no gain I don't need to add that extra sheet in my personal tax return.

3) not clear on the cash basis. I opened the LLC in Dec and have 100K as basis and need to pay out 50K to another company for doing some work for me in Jan, but I want to do this in Dec as my taxes for current year are heavy rather than in next year.

So based on your explanation it looks like there is no problem from IRS in claiming this 50K deduction this year, I mean do they suspect that the guy just opened the company and is taking deduction of that heavy an amount.

Also this payout of 50K may not give me any tangible return as I am taking a risk on that. can they IRS / CIS ask which copmany you paid too and why. what was the return you got, show us

Thanks very much for being the most helpful member of the forum!!!
 
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