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Old 03-29-2008, 08:03 PM
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Tax or No Tax !?

Hi ..

There is a online data entry job offered by a company based in India. Since I am in US , and the company can pay for my work in India. I just want to know if there are any legal issues with that ?

If the money can be put to my savings account do I have to pay tax ?



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Old 04-01-2008, 09:45 AM
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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.

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