US Citizen Residing in US (CA) working for Foreign Based Company
I would greatly appreciate some insight from tax experts with experience working with foreign-based companies. I am considering taking a job with a company based in Poland with no US presence. Based on my research, if I become an employee of a foreign based company, all my income would be taxable as self-employed because they are not paying any taxes in the US. In addition I would NOT be able to take any of the normal deductions of someone who is self-employed because technically I am an employee. Is this correct?
My question is what would be the best structure for working at a foreign based company while in the US? Should I have them hire me as a contractor so that I can claim as self-employed and get some deductions? Or shouldthe company creates a US presence and pay normal corporate taxes and thus I could be a full-time employee and have my taxes covered?
Thank you so much for your help.