Earning "Other income" on H1b Visa

E

emeegrant

Registered Users (C)
Hi,

I am currently working on H1b visa for a tech company.
I am planning to organize a one off event on my own, from which I plan to make some money.

Questions -
1. Since this is a one time thing and I will not be working for any other company, should this be a problem in terms of my H1b status?
2. Is there any work around by which I can show myself as an investor and earn money as a profit (since buying and selling shares is not an issue with H1b).
3. Will it be a problem if I show the income as "Other income" on my income tax return?
4. Will forming a LLC help in any way?

If you have any different idea of accomplishing this, please let me know.

I appreciate your responses. Thanks!!
 
You are not suppose to make any money other than passive investment. (Shares, CDs, home rent).
emeegrant said:
Hi,

I am currently working on H1b visa for a tech company.
I am planning to organize a one off event on my own, from which I plan to make some money.

Questions -
1. Since this is a one time thing and I will not be working for any other company, should this be a problem in terms of my H1b status?
2. Is there any work around by which I can show myself as an investor and earn money as a profit (since buying and selling shares is not an issue with H1b).
3. Will it be a problem if I show the income as "Other income" on my income tax return?
4. Will forming a LLC help in any way?

If you have any different idea of accomplishing this, please let me know.

I appreciate your responses. Thanks!!
Click to expand...
 
Thanks for the reply.

Will the same rule apply for a person on EAD? Or can they engage in activities that will yield income?
 
emeegrant said:
Thanks for the reply.

Will the same rule apply for a person on EAD? Or can they engage in activities that will yield income?
Click to expand...
if you have EAd and working on H1 with employer A and use EAD with employer B. your H1 becomes invalid.

if you have EAD and dont care about H1 then you can use EAD with A and also with B
 
Appreciate all the responses.

My friend is on H1b visa and has an EAD. His wife who is on H4 also has an EAD.

So in this case can his wife conduct business on her EAD status and draw income from it?

Thanks!
 
emeegrant said:
Appreciate all the responses.

My friend is on H1b visa and has an EAD. His wife who is on H4 also has an EAD.

So in this case can his wife conduct business on her EAD status and draw income from it?
-------------------------------YES she CAN (but she will not be on H4 status once use EAD, she will be AOS pending)
Thanks!
Click to expand...
-------------------
 
You must log in or register to reply here.
Top