08-09-2008, 02:02 PM
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Member
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Priority Date
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Oct-02 |
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Category
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EB3 |
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I140 Mailed Date
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07/24/2006 |
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Chargeability
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India |
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Processing Stage
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I-485 |
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I485 Mailed Date
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07/18/2007 |
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Join Date: Apr 2006
Posts: 52
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Quote:
Originally Posted by mhtanim
Working 40 hours per week for a company generally makes you a full time employee of that company. As a full time employee, you may be entitled to get additional employee benefits such as few weeks of paid vacation, medical insurance, 401K etc. If you are working full time for a company, you will get a W2 at the end of the year that you will use to file your tax returns.
If you want to work like a consultant on hourly basis, you will normally not be considered a full time employee and you do not get employee benefits mentioned above. This type of work is known as "Professional Services" where you will be considered as Independent Contractor and you will be issued 1099 at the end of the year instead of W2.
Tax consequences are very different between a W2 employee and 1099 employee.
If you decide to switch to EAD and give up H or L status, you can work for multiple employees however you want. For instance: you can work full-time as a W2 employee for company A, and then part-time 1099 employee for company B.
I don't think USCIS will care about your jobs when you will renew your EAD. However, at your I-485 final stage, they may issues a RFE where they may want you to show that the GC application job duties are similar to your current job duties.
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Excellent answer, appreciate you for taking time to explain this
Thanks
__________________
EB3-India Pending with PD 10/18/2002
with the same employer, applied new EB2 case, i140 Approved. Getting ready to amendment of EB3 to EB2 :
Present State: Working with the same employer on extended H1
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