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Job Discussion Forums "The Internet's Meeting Place for ESL/EFL Students and Teachers from Around the World!"
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madhatter109
Joined: 09 Jul 2010 Posts: 75
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Posted: Fri Mar 02, 2012 4:43 am Post subject: |
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bdbarnett1 wrote: |
Hmm...got some real honest folks in here lol
You do realize paypal doesn't disclose your income if it doesn't exceed $20,000, right? And it has to meet other criteria, too.
Sorry, naturegirl, not seeing what you're saying (I don't get why you'd have to pay all these social security, FICA, etc if you're out of the US) but I'm going to keep looking into it...I'm sure you've spent a lot more time on it than I have. |
BUMP - I'm wondering if anyone out there knows "someone" who gets paid via paypal but didn't file? How much were you making? Are you safe under 20,000?
Just out of curiosity of course. I'm not currently self employed. |
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naturegirl321
Joined: 04 May 2003 Posts: 9041 Location: home sweet home
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Posted: Fri Mar 02, 2012 4:57 am Post subject: |
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I get paid via Paypal: under 20K and I declare it all.
If you're not declaring, you might not get caught, but then again, you might. Why take the risk? The benefits of declaring are worth it. |
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hollysuel
Joined: 07 Oct 2007 Posts: 225 Location: Connecticut, USA
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Posted: Sat Mar 10, 2012 6:57 am Post subject: |
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I have also declared all of my income via paypal and various bank accounts. It just isn't worth it to me if I were to get caught... |
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haleynicole14
Joined: 20 Feb 2012 Posts: 178 Location: US
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Posted: Sat Mar 10, 2012 7:17 am Post subject: taxes... |
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Side note to the conversation - If you don't pay taxes, even legally, you won't be able to get unemployment when you come back to the US. It was troublesome coming back from abroad to search for jobs and not having any financial assistance. So there is one reason you might want to pay. |
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naturegirl321
Joined: 04 May 2003 Posts: 9041 Location: home sweet home
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Posted: Mon Mar 12, 2012 7:15 am Post subject: Re: taxes... |
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haleynicole14 wrote: |
Side note to the conversation - If you don't pay taxes, even legally, you won't be able to get unemployment when you come back to the US. It was troublesome coming back from abroad to search for jobs and not having any financial assistance. So there is one reason you might want to pay. |
In order to get unemployment, you also have to WORK in the US for a certain amount of time, last time I checked it was 6 months. |
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BadBeagleBad
Joined: 23 Aug 2010 Posts: 1186 Location: 24.18105,-103.25185
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Posted: Mon Mar 12, 2012 6:34 pm Post subject: |
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naturegirl321 wrote: |
I get paid via Paypal: under 20K and I declare it all.
If you're not declaring, you might not get caught, but then again, you might. Why take the risk? The benefits of declaring are worth it. |
Personally, I don't think the benefits of filing are worth it. But that's just me. I have no intention of ever living in the US, and I doubt if SS will be there for me when I am retirement age. However, I also file because I like to live a stress free life and the fewer things I have to worry about the better. |
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hollysuel
Joined: 07 Oct 2007 Posts: 225 Location: Connecticut, USA
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Posted: Wed Mar 28, 2012 8:55 am Post subject: Re: taxes... |
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You can only receive unemployment benefits if you are actually employed in the USA and paid into the unemployment system. Keep in mind that if you quit a job in the USA, you don't get unemployment--you get unemployment if you are fired without cause or laid off. So, I'm not sure what you mean as you wouldn't get financial assistance anyway...
haleynicole14 wrote: |
Side note to the conversation - If you don't pay taxes, even legally, you won't be able to get unemployment when you come back to the US. It was troublesome coming back from abroad to search for jobs and not having any financial assistance. So there is one reason you might want to pay. |
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kucinggarong
Joined: 15 Apr 2012 Posts: 7 Location: Australia
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Posted: Mon Apr 16, 2012 2:18 pm Post subject: re Online teaching and tax liability |
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I have been teaching a few classes through tutorabc and although the money is not all that good the students are great and highly motivated and the company very professional - good IT support and pays on time. In regard to the tax question, in my case I reside in Australia, and here the income from online teaching would be regarded as self employment income, from which one can deduct any expenses such as internet, rent or mortgage (tutorabc prefer if you teach from a home office) , so from the US $200 I earn each month there is not much "profit " left, so tax is not really an issue! But maybe for you expat Yanks Uncle Sam is not so easy going! |
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JZer
Joined: 16 Jan 2005 Posts: 3898 Location: Pittsburgh
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Posted: Thu Apr 19, 2012 11:33 am Post subject: Re: re Online teaching and tax liability |
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kucinggarong wrote: |
I have been teaching a few classes through tutorabc and although the money is not all that good the students are great and highly motivated and the company very professional - good IT support and pays on time. In regard to the tax question, in my case I reside in Australia, and here the income from online teaching would be regarded as self employment income, from which one can deduct any expenses such as internet, rent or mortgage (tutorabc prefer if you teach from a home office) , so from the US $200 I earn each month there is not much "profit " left, so tax is not really an issue! But maybe for you expat Yanks Uncle Sam is not so easy going! |
In the US the money you earn is as an independent contractor. You can deduct your rent and internet bills. |
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