Jump to content

Please use the Feedback forum for questions about the upgrade.  We will get to them as quickly as possible.

 

Sign in to follow this  
violet100

International Employer problem

Recommended Posts

I am in the USA and my employer is international. My employer does not have US subsidary, or a US payroll, and does not 1099 me. I pay my taxes quarterly. I am shopping for an FHA loan, but banks are telling me "no" due to my employment situation. The last one I spoke to said my situation does not"fit into a bucket, and therefore, I will likely not qualify"

 

My employer is willing to do anything necessary to help me get apporved - I think what they mean by that, is that they will write letters stating that I am a long term employee, or something like that. The problem is that I dont know what to ask them for. One of the banks I spoke to told me to get on their payroll and a get a contract to guarantee my employment. Im sure they would do that for me, but it doesnt make sense to me why I would get on an international payroll and pay taxes in that country and then I would assume I would also be responsible for my US taxes.

 

Does anyone know what I should do? Are there broker/banks who work with situations that "do not fit into the bucket"? The 3 banks I spoke to were all very vague with me; I think its because they have worked with someone in my situation and they do not know what to tell me. It unfortunate because my job is very secure, I do not fear going to work and being laid off like I did when I was on a payroll. I just dont know how to prove it. Is it seriously hopeless?

Share this post


Link to post
Share on other sites

+1 to snowpuppy's question. If you have filed taxes on this job for at least 2 years, you should qualify as a self employed borrower. You said you are paying taxes, so you should be able to get this done at the 2 year mark.

Share this post


Link to post
Share on other sites

+1 to snowpuppy's question. If you have filed taxes on this job for at least 2 years, you should qualify as a self employed borrower. You said you are paying taxes, so you should be able to get this done at the 2 year mark.

 

Thanks for the replies. I have only 11 months of taxes filed for this position. I started in Feb 2011.

 

I found a bank willing to try w/o me having to go on the international payroll. It has something to do with my last job being very similar. I dont understand it, but we will see.

Share this post


Link to post
Share on other sites

Ah, that's the problem then, they want you to have 2 years on this job. You'll find that requirement most places. Good luck!

Share this post


Link to post
Share on other sites

+1 to snowpuppy's question. If you have filed taxes on this job for at least 2 years, you should qualify as a self employed borrower. You said you are paying taxes, so you should be able to get this done at the 2 year mark.

 

Thanks for the replies. I have only 11 months of taxes filed for this position. I started in Feb 2011.

 

I found a bank willing to try w/o me having to go on the international payroll. It has something to do with my last job being very similar. I dont understand it, but we will see.

 

Then you have no US tax returns filed. You only have estimated tax payments.

Share this post


Link to post
Share on other sites

+1 to snowpuppy's question. If you have filed taxes on this job for at least 2 years, you should qualify as a self employed borrower. You said you are paying taxes, so you should be able to get this done at the 2 year mark.

 

Thanks for the replies. I have only 11 months of taxes filed for this position. I started in Feb 2011.

 

I found a bank willing to try w/o me having to go on the international payroll. It has something to do with my last job being very similar. I dont understand it, but we will see.

 

Then you have no US tax returns filed. You only have estimated tax payments.

 

 

Well, I filed US taxes for 2011 which included 11 months of 2011 (Feb - Dec) at this position with the international employer. And I have made 1 estimated tax payment for 2012 (In April).

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Today's Birthdays

    1. pwd847
      pwd847
      Age: 35
  • Member Statistics

    • Total Members
      174,351
    • Most Online
      1,528

    Newest Member
    lab321
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×

Important Information

Guidelines