| As such, this is not a problem provided you report all the income earned on your US Form 1040. You have to pay taxes even if the funds are directly deposited into your savings account.
Failure to pay taxes is a violation of the IRS laws and is considered fraudently unreporting income. There are substantial fines and penalties associated with knowingly not reportiing of income.
It is perfectly reasonable to get paid by the overseas company! Just ensure that you are properly reporting this income. | 
