7 ms·

How do these companies address tax reporting requirements?

duxup 4y ago
Looking at the jobs I wonder if many just aren't reporting... others seem to promise a lot that would make being pseudonymous impossible.
tut-urut-utut 4y ago
There are legislations and use cases where contractors themselves are responsible for reporting their taxes.
- 0xPersona 4y ago
  I think this is probably the way most are going about it right now. Though it is one of the questions I'm most eager to get an answer for. And I have been reaching out :)
0xPersona 4y ago
Hey! Good question. I wish I could give you a better answer but the truth is I don't know (yet). That's one of the reasons I built this. I want to learn how organizations deal with things like that, and share that knowledge so we can create best practices. I promise that soon as I know the answer, I'll circle back!
- bitxbitxbitcoin 4y ago
  Make the max job size $600 and the contracting company technically won’t need to send a 1099…
  - reustle 4y ago
    If they’re in the US*
- lajamerr 4y ago
  Maybe your company/service can be the middle-man. Offer varying levels of checks that are optional for the employer to require or the Contractor to fill out. Identity as a service. Have things like "This person is authorized to work for U.S. Companies", "This person is certified in x." Your company would check the verification and make sure it's valid but then delete the supporting documentation or anything identifying. Never give any of the supporting documentation to the companies, just give them access to see basically checkmarks that show they fulfill x arbritrary requirements. But only if the applicant actually applies to the job, to prevent metadata scraping.
  - warkdarrior 4y ago
    > Maybe your company/service can be the middle-man. Offer varying levels of checks that are optional for the employer to require or the Contractor to fill out. > Identity as a service. This is a great idea. I know people who would pay good money for a pseudoidentity that presents them as authorized to work in US, with expertise in some key technical areas (cryptography, robotics, real-time monitoring and response, etc.). There is a huge opportunity here.
    - 0xPersona 4y ago
      Thank you so much for your affirmation of that idea, warkdarrior. Your comment is really encouraging. Forgive me if this is too bold but is there any way you could connect me with those people? Or perhaps let me know where I should be looking for the people with that need e.g. any communities online. These are the people I'm building for :)
  - 0xPersona 4y ago
    Thank you so much for your suggestions, lajamerr. Really means a lot to me. Those are all brilliant ideas. That's actually the direction I'm hoping to take it. Ultimately, the goal is to accelerate the advent of the pseudonymous economy. And one aspect of that involves creating the necessary tools/ecosystem for employers to accurately verify/assess pseudonymous talent. I'd thought about verifying skills but your suggestion of verifying things like "This person is authorized to work for U.S. Companies" is even more interesting to me. Thanks again. You've really encouraged me. Your comment has made my day!
elbigbad 4y ago
1099 contractors handle all their own taxes iirc, but I guess you can’t be anonymous and receive a 1099? Guessing most of these actually pay in cryptocurrencies which puts the onus on the individual I guess, but if the individual is not paying taxes in the US that’s illegal. Will one get caught? Maybe, who knows, the IRS is fearsome. I love the idea though, was reading the Delfillama one and sounds very intriguing, aside from the fact that the pay is minuscule for full time work, seems like pay is in crypto, and all the onus would be on the worker to deal with taxes and figuring that out, but maybe that’s not more than a 1099? I love the ideas here in general though.
- 0xPersona 4y ago
  I think you're probably right, elbigbad. I'm hoping to learn from organizations about how they're handling this, and then share, so we can create best practices. Thanks for sharing your thoughts. Really means a lot.
heretogetout 4y ago
I'd like to have a unique token I can give to my employer that allows filings from their EIN (and only their EIN).

Looking at the jobs I wonder if many just aren't reporting... others seem to promise a lot that would make being pseudonymous impossible.

tut-urut-utut 4y ago

There are legislations and use cases where contractors themselves are responsible for reporting their taxes.

0xPersona 4y ago
I think this is probably the way most are going about it right now. Though it is one of the questions I'm most eager to get an answer for. And I have been reaching out :)

0xPersona 4y ago

Hey! Good question. I wish I could give you a better answer but the truth is I don't know (yet). That's one of the reasons I built this. I want to learn how organizations deal with things like that, and share that knowledge so we can create best practices. I promise that soon as I know the answer, I'll circle back!

bitxbitxbitcoin 4y ago
Make the max job size $600 and the contracting company technically won’t need to send a 1099…
- reustle 4y ago
  If they’re in the US*
lajamerr 4y ago
Maybe your company/service can be the middle-man. Offer varying levels of checks that are optional for the employer to require or the Contractor to fill out. Identity as a service. Have things like "This person is authorized to work for U.S. Companies", "This person is certified in x." Your company would check the verification and make sure it's valid but then delete the supporting documentation or anything identifying. Never give any of the supporting documentation to the companies, just give them access to see basically checkmarks that show they fulfill x arbritrary requirements. But only if the applicant actually applies to the job, to prevent metadata scraping.
- warkdarrior 4y ago
  > Maybe your company/service can be the middle-man. Offer varying levels of checks that are optional for the employer to require or the Contractor to fill out. > Identity as a service. This is a great idea. I know people who would pay good money for a pseudoidentity that presents them as authorized to work in US, with expertise in some key technical areas (cryptography, robotics, real-time monitoring and response, etc.). There is a huge opportunity here.
  - 0xPersona 4y ago
    Thank you so much for your affirmation of that idea, warkdarrior. Your comment is really encouraging. Forgive me if this is too bold but is there any way you could connect me with those people? Or perhaps let me know where I should be looking for the people with that need e.g. any communities online. These are the people I'm building for :)
- 0xPersona 4y ago
  Thank you so much for your suggestions, lajamerr. Really means a lot to me. Those are all brilliant ideas. That's actually the direction I'm hoping to take it. Ultimately, the goal is to accelerate the advent of the pseudonymous economy. And one aspect of that involves creating the necessary tools/ecosystem for employers to accurately verify/assess pseudonymous talent. I'd thought about verifying skills but your suggestion of verifying things like "This person is authorized to work for U.S. Companies" is even more interesting to me. Thanks again. You've really encouraged me. Your comment has made my day!

elbigbad 4y ago

1099 contractors handle all their own taxes iirc, but I guess you can’t be anonymous and receive a 1099? Guessing most of these actually pay in cryptocurrencies which puts the onus on the individual I guess, but if the individual is not paying taxes in the US that’s illegal. Will one get caught? Maybe, who knows, the IRS is fearsome. I love the idea though, was reading the Delfillama one and sounds very intriguing, aside from the fact that the pay is minuscule for full time work, seems like pay is in crypto, and all the onus would be on the worker to deal with taxes and figuring that out, but maybe that’s not more than a 1099? I love the ideas here in general though.

0xPersona 4y ago
I think you're probably right, elbigbad. I'm hoping to learn from organizations about how they're handling this, and then share, so we can create best practices. Thanks for sharing your thoughts. Really means a lot.

heretogetout 4y ago

I'd like to have a unique token I can give to my employer that allows filings from their EIN (and only their EIN).