Is it legal to get paid in my US bank account while working from home in India?
noclue asked:
I was working in the US on a H1 vias whic has since beenexpired. So I want to continue working from India but want to get paid in my US account.
If this is legal, what are the tax issues? What documents/ forms do I need to fill up.
Thanks for the answers.
I’ll not be working as a employee, rather I’d be working as a independent consultant.
This will be similar to a 1099 emploment if I were in the US. So my employer will not deduct any taxes etc.
Based on Tax Guru’s answer, I’m a nonresident alien and hence liable to taxes to Indian govt.
I have a savings account in the US and earning some interest on it so do I have to file any taxes in the US? Or having a savings account is not legal for me?
Thanks.
I was working in the US on a H1 vias whic has since beenexpired. So I want to continue working from India but want to get paid in my US account.
If this is legal, what are the tax issues? What documents/ forms do I need to fill up.
Thanks for the answers.
I’ll not be working as a employee, rather I’d be working as a independent consultant.
This will be similar to a 1099 emploment if I were in the US. So my employer will not deduct any taxes etc.
Based on Tax Guru’s answer, I’m a nonresident alien and hence liable to taxes to Indian govt.
I have a savings account in the US and earning some interest on it so do I have to file any taxes in the US? Or having a savings account is not legal for me?
Thanks.
its not ilegal who cares just keep doing it
It does not matter where you put your money. If you are earning money in the US you will need to file a US federal return. If you make interest on the money you have in the bank you might have to file a US federal tax return it depends on the interest that you make.
There’s no US problem; however, you may have to convince your employer not to withhold US tax. Money that you earn for performing services in India is not US source income. If you are still a US resident for tax purposes, you will still have to pay US tax on your earnings; however, if you are now a nonresident alien for US tax purposes, then you should not be subject to US tax on money you earn working in India even if the services are rendered to a US business.
You should consult an advisor in India regarding any Indian legal or tax issues.