I started a business about 2 years ago. And now it brings a steady profit of about $2k to $2500 every month after I pay employees and expenses. This business is based outside the United States and all the money gets paid into my Lloyds bank, then I do a transfer into my Chase.
Because the business is based outside the US and I am not a US Citizen, I assumed I didn't need to pay taxes on it. But my roommate just pointed out that I could land in trouble with IRS because I do a transfer into my account every other month.
How do I declare this extra income without being in violation of my Visa status?
Cisco TC : 110k
Total TC: $146k
Listening to Blind will probably just make things worse.