US

EB-2 green card application is divided into two categories: employer-sponsored and self-sponsored. It is one of the most common methods for obtaining permanent residency in the United States. Individuals eligible for the EB-2 employer-sponsored green card application must meet one of the following conditions: EB-2a Advanced Degree Category: This is available to individuals who possess an advanced degree and have a job offer from a U.S. employer. EB-2b Exceptional Ability Category: This is available to individuals who have exceptional ability in the sciences, business, or arts, and have a job offer from a U.S. employer.   For the EB-2 green card application, an advanced degree includes: Master’s degree or higher; A bachelor’s degree plus 5 years of progressive work experience in the professional field.   In contrast, self-sponsored green card types allow individuals to apply for the green card on their own and cover the associated costs. Applicants eligible for […]

The United States EB-1 visa is an employment-based priority visa, also known as the Extraordinary Ability Green Card. It is intended for individuals with extraordinary abilities in the sciences, arts, education, business, or athletics; outstanding professors and researchers; and multinational executives or managers. These individuals must have a record of significant achievements and be able to demonstrate sustained national or international acclaim in their respective fields. The EB-1 visa process typically involves employer sponsorship and a substantial amount of documentation and evidence to support the individual eligibility.   To qualify for the EB-1 Green Card category, you should meet at least three of the following criteria:   Being awarded national and international honors for their achievements and excellence. Become a member of an association in their field, which continually demands progress from its members. Publishing papers or research in your field that receive recognition from journals or media. Being asked […]

The E-2 visa allows foreign investors and their families to live and work freely in the United States, representing one of the earliest visa types in the country. The origin of the E-2 visa is rooted in treaties between the United States and specific nations, namely the Treaty of Friendship, Commerce, and Navigation. The first of these treaties was signed with United Kingdom in 1815, aimed at fostering trade between the two nations, which had previously been at war. With the enactment of the Immigration and Nationality Act in 1924, the E Visa category was incorporated into United States law, introducing the E-1 Treaty Trader category to facilitate trade by foreign merchants. The attraction of substantial foreign investment led to the creation of the E-2 Treaty Investor category in the Immigration and Nationality Act of 1952, thereby incorporating the E-2 Visa into law.   Applicants who meet one of the […]

New changes in 2022: On December 23, 2022, the IRS announced that calendar year 2022 will be treated as a transition year for the reduced reporting threshold of more than $600. For the years before 2022, third-party settlement organizations who issue Forms 1099-K are only required to report transactions where gross payments exceed $20,000 and there are more than 200 transactions.   What is Form 1099-K?   Form 1099-K, Payment Card and Third-Party Network Transactions is an information return that reports the gross amount of reportable transactions for the calendar year to the IRS.   What is Gross Amount?   The “gross amount” means the total dollar amount of total reportable payment transactions for each participating payee without regard to any adjustments for credits, cash equivalents, discount amounts, fees, refunded amounts, or any other amounts. The dollar amount of each transaction is determined on the date of the transaction.   […]

The Composition of US Payroll Introduction The payroll of employees of U.S. companies is governed by federal, state, and local regulations. It is generally comprised of gross income before taxes, federal and state personal income taxes, social security taxes and Medicare taxes, disability insurance, net income, etc. The following is a detailed description of each component, frequency of payroll, payroll taxes, and Form W-2. Composition of payroll Payroll is generally composed of gross income, payroll deductions, federal and state personal income taxes, social security taxes and Medicare taxes, disability insurance, and net income. Gross income is the total payment received by the employee before any deductions or taxes are taken out and includes any other type of earnings that an employee may have. For example, holiday pay, vacation or sick pay, bonuses, and any miscellaneous pay that the employee may receive. Payroll deductions are a variety of voluntary deductions that […]