H1B & TAXES
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H1B & TAXES
Folks:
I am an H1B holder and recently I got an IT job offer with the following conditions:
* A high salary will be paid to you as a Consultant
* No benefits (Insurance, medical, dental, etc) will be involved
* No deductions/withholdings will be done, you have to do all the paperwork
concerning your taxes
These are the questions I have in mind:
* How should I deal with the issue of taxes ?
* Can I setup my own Limited Liability Company (LLC) as an H1B holder? Someone
suggested that I must first get permission from the INS to staert the LLC
* If I have an LLC, would I actually be working for that LLC rather than the
prospective employer ?
Thanks, John.
I am an H1B holder and recently I got an IT job offer with the following conditions:
* A high salary will be paid to you as a Consultant
* No benefits (Insurance, medical, dental, etc) will be involved
* No deductions/withholdings will be done, you have to do all the paperwork
concerning your taxes
These are the questions I have in mind:
* How should I deal with the issue of taxes ?
* Can I setup my own Limited Liability Company (LLC) as an H1B holder? Someone
suggested that I must first get permission from the INS to staert the LLC
* If I have an LLC, would I actually be working for that LLC rather than the
prospective employer ?
Thanks, John.