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Topic: How do you figure out your calendar year income?  (Read 1173 times)

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How do you figure out your calendar year income?
« on: October 25, 2007, 08:04:49 AM »
Since income is based on tax year here?

Will I have to go through all my records at the end of this year and work out what DH earned, for filing our US return? And how do you provide proof/the equivalent of a W-2?
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-Amber, British with an American DH!

Lived in the St. Louis area for 7 years. :)

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Re: How do you figure out your calendar year income?
« Reply #1 on: October 26, 2007, 07:35:50 AM »
For US tax return, add up the payslips from 1 Jan to 31 Dec.  No need for a W2.
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Liz Z i t z o w, EA
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Re: How do you figure out your calendar year income?
« Reply #2 on: October 26, 2007, 09:33:20 AM »
Ah if only it was that simple... both DH and I have had periods of self employment this year at different times, and he's had a few jobs too. It's going to be complicated! Ugh.
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-Amber, British with an American DH!

Lived in the St. Louis area for 7 years. :)

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Re: How do you figure out your calendar year income?
« Reply #3 on: November 04, 2007, 09:57:01 PM »
I just set up a simple Excel spreadsheet and record my earnings as I receive them, breaking out NI contributions, pension contributions, etc.
It's then very easy to sum up what I made from January through December.
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Re: How do you figure out your calendar year income?
« Reply #4 on: November 04, 2007, 10:03:56 PM »
That's a great idea, I will remember that for next year!
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-Amber, British with an American DH!

Lived in the St. Louis area for 7 years. :)

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