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- If you work on Upwork, you're probably considered "self-employed" for tax purposes.
- Upwork.com - Freelancer vs. Independent Contractor vs. Employee (How to Know What You Need)
What’s important to note is that freelancers are self-employed individuals who function as their own business. Freelancers are typically individuals who:
pay self-employment tax
do not have employees (but they can subcontract)
set their own rates
work remotely at their own location
choose which project and clients they want to work with
work with multiple clients
- Upwork.com - Report Income from Upwork
Most freelancers won't receive any tax forms from their contracts on Upwork. However, there are two important exceptions:
W-2 Exceptions - If you and your client agreed that you are an employee.
- 1099-K Exceptions - Freelancers who are U.S. Persons and receive over $20,000 with more than 200 transactions through Upwork
- Upwork.com - Freelancer vs. Independent Contractor vs. Employee (How to Know What You Need)
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Registering companies abroad
Singapore
- 2018.03.07 - Twitter - @levelsio - Would you be interested in using a service that helps you register your remote company in Singapore as an LLC?
- There are some useful replies.
Estonia
- e-Estonia.com - About (Source)
- Apparently you can register a company in Estonia and not pay taxes or something.
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