help -something different

[Crazy_Brit 0]

Hi all

well i am helping a friend with setting a business up here in Atlanta and I asked her about paying me in my uk bank account and paying tax in the uk and I am not sure how i stand on this or if she pays me as a US employee and pays my wages into a uk bank account can you do this anyone know or i set my self up as self employeed and pay my own tax here I just dont know what to do for the best and have no idea where to look either.

Any suggestion anyone

Crazy Brit

[meauxna 15]

Hi all

well i am helping a friend with setting a business up here in Atlanta and I asked her about paying me in my uk bank account and paying tax in the uk and I am not sure how i stand on this or if she pays me as a US employee and pays my wages into a uk bank account can you do this anyone know or i set my self up as self employeed and pay my own tax here I just dont know what to do for the best and have no idea where to look either.

Any suggestion anyone

Crazy Brit

Hi,

If you are US work-authorized (which your timeline says you are), you are legal to work in the US. I don't know what benefit you'd find in being paid in the UK. Care to elaborate?

You can be self-employed in the US, and distribute your pay as you like. The IRS website is actually quite helpful, and can help explain how you pay your *quarterly estimated taxes* throughout the year.

I found TurboTax to be useful when figuring out all my deductions the first year.

On re-read: it's not clear if you will be working in this business on an ongoing basis, or if you are doing a short-term setup project to get your friend's biz going.

If it's a one-time deal, she can pay you the gross amount and issue a 1099 and the end of this year. You add that in to your regular income, and you may not need to pay much (if any) tax on it, depending on your other regular income and witholding.