A company I collaborate with as an independent contractor, asks me to fill w8-Ben and they do not want to withhold taxes, they say what I do with the taxes is my problem.
- I am not US Citizen and my country has no tax treaty with USA.
- I do have ITIN from Usa
- My country has TIN only for companies, not individuals
- I currently live outside USA and I do not plan to travel in near future.
- The company is located in Florida, with offices around the country.
- The job is IT related so I would be working from home
So my questions are:
- If I fill out w8-ben form with the ITIN included and the company wire me the full amount, will IRS ask 30% of the money from me or them? Since they don't withhold, can I be the one with the damage?
- Does IRS require the 30% at any cost or just in case?
- I would only like to pay taxes in 1 (my) country - not USA, how?
- In scenario where they do ask for money, is there any way to avoid double taxation, since I would not like to give away half of my hard earned money?
- If I fill out w8-ben form with the ITIN included and the company wire me the full amount, will IRS ask 30% of the money from me or them? Since they don't withhold, can I be the one with the damage?
- Does IRS require the 30% at any cost or just in case?
- I would only like to pay taxes in 1 (my) country - not USA, how?
- In scenario where they do ask for money, is there any way to avoid double taxation, since I would not like to give away half of my hard earned money?
Sorry for my ignorance, I tried googling for days and I couldn't find specific answers to my questions.
Any feedback would be nice and really appreciated!