Job Discussion Forums

[yogurtpooh]

hi,
Do legit employers (onces that require work permits etc) have a problem with paying in cash? Do they offer a receipt or a pay stub? The reason I am asking is that I want to get paid half under the table and half on paper - to avoid certain Uncle Sam student loan issues. Basically, if I hit a certain x amount of salary per month my student loans repayment procedures will start before I want them to.

And lastly, aside from going through the banks (which Uncle Sam might be aware of) how can I send money back home to the states?

[LettersAthruZ]

[Oh My God]

[yogurtpooh]

if they do pay me in cash, which is great, would opening a bank account in Vietnam under a different name be possible? thanks

[LettersAthruZ]

[spycatcher reincarnated]

If an employer pays you in cash they are not a legitimate employer!!!

If the tax dpt sees salaries are paid in cash it is an immediate red light to them and it is only companies that are prepared to "negotiate" with tax dpt. that would consider going down this line.

If you are paid any part of your salary in cash you should expect that correct PIT has not been paid and shouldn't be surprised if at a later date you are asked to pay over due tax.

Yes, I am sure a number of employers would pay you in cash.

[LettersAthruZ]

[yogurtpooh]

If I open up a bank account in Vietnam, would any agency here (IRS, loan company etc) be able to tell that I have another account aside from my main one in the states, if I do not send funds from one bank to another? Since im currently in a grace period and in between undergrad and post grad- making anymore than 500 a month will trigger reoccuring payments.

I can't imagine living in the states without a bank account, would it be okay to live in vietnam without a bank account and debit card etc?

Ideally, getting paid in cash will be the best route for me, but I would like to move at least half of my earnings into USD and to America to family as soon as possible.

[wangdaning]

Do you really think Viet banks would open their books to the IRS?

Get the bank account and then send the money to a family members account in the states. Or get a family member to open an account just for your Viet Nam earnings.

How long until you go to grad school?

[LettersAthruZ]

I talked to one of my American friends who is over here ducking almost six-digits worth of student loans - he said, no - The I.R.S. would not even bother to ask a Vietnamese bank if a student loan debtor has an account over here and technically, the Department of Education cannot even seize a UNITED STATES bank account (but they can attach your US wages and your national tax refund and all that lot....)

Naw, just put the Vietnamese bank account in your name.....naw fret!

Can you live here without a bank account? OF COURSE! And quite easily - Viet Nam is a 96% CA$H-BASED SOCIETY (veeerrry few places actually accept credit cards)....but I just have a bank account myself with an ATM card simply for convenience to not have to bother carrying around large amounts of cash with me (because, in the Big Five Cities of Viet Nam, theft and pickpocketing are rampant - regardless of what the rose-coloured glasses crowd tells ya.....)

[yogurtpooh]

Thanks a lot! the real question is how can I send back money without a bank account.

[bentanddisfunctional]

moneygram/western union dummy

[LettersAthruZ]

[snollygoster]

"moneygram/western union dummy"

I guess this is a quote from someone who has actually done this?
If so, how lucky you were compared to myself and others who tried this route and met such incredible "red tape" that we gave up.

If you in fact were successful in achieving this, please be so kind as to post how you got around the usual million questions, forms, taxes and general discouragement of sending money out of Vietnam.