Do You Need To Pay Taxes On Your OFS? #ytshorts

Even though I call my team in the Philippines employees because that's kind of how they act. They are independent contractors. I don't pay their taxes. The only thing I do tax wise is have them fill out a W8 Ben and I declare them on my 1120s, which is my our business tax form. I've explored this. I've talked to accountants, I've talked to attorneys. I can't figure out any way you could consider an OFS an employee from overseas. They don't have, can't give them a W2. They don't have a US tax ID number. You can't even give them a 1099. There's no way to classify them as an employee. So having said that, do not listen to what I say. Go talk to your accountant, Go talk to your cpa. Go talk to your lawyer. Make sure you get good advice from someone who's qualified to give you that advice.