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Old 11th December 2007 | 11:40
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baseddude
 
Joined: Jul 2004
Posts: 16
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From: The Moon
USAB Pay and taxes

For USAB, you're paid in USD. The company withholds Federal tax, but not state tax, social security, or medicare tax. You'll have to pay estimated state taxes.

In addition, you'll get a tax bill from Hong Kong. You have a couple of choices:

First, you can pay the HK tax, and get a rebate equal to that amount from the IRS. The tricky thing is, the HK tax year is not Jan-Dec. It's something like May-Apr.

The other choice is to avoid the HK tax by convincing them that you live in the U.S., work in the U.S., pay taxes in the U.S., and work for a Vancouver based company (USAB). Not everyone is successful in this regard. HOW you fill out your HK tax form evidently determines how successful you are.

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