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Question to International students who are earning money online..

Discussion in 'Business & Tax Advice' started by Crucix, Apr 25, 2010.

  1. Crucix

    Crucix Registered Member

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    I need some advice from online IM'ers here who are students residing in a different country.

    Basically, recently i moved to australia... im an international student there completing my undergraduate degree. my work limit is 20hrs/week...

    My question to you guys is... is anyone in the same situation as me, earning money online while on a temporary visa with a 20hr/week work limit? Does australia allow earning money online for international students? I dun have a prob paying taxes, my online money is pretty legit too, nothing illegal, but I heard the Immigration department is pretty strict when it comes to making money, basically they allow international students to work upto 20hrs/week, thats it... which brings me to my next question how can I prove to them that I m working under this limit when I'm working online? My net income per month will be $5K-$10K.

    Please give me as much information as you can...
     
  2. Talsin

    Talsin Regular Member

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    You need to check if they have a monetary limit, often these things come hand in hand with the time limit. If they dont and they just say you can work upto 20 hours making as much as you possible can then don't worry just pay taxes and clearly declare how you made your money.
     
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  3. Crucix

    Crucix Registered Member

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    ok thanks for answering my question...
    From what I know, they don't have any monetary limit, however if a student starts earning say $2000/week or so, they do get suspicious... most of the students here are working on hourly based jobs and has their TFN (Tax File Number) submitted to their employers, so ATO (australian tax office) and even the Immigration can track their number of hours worked since the employer discloses the number of hours worked to the Tax office. However, since this is internet based, all they can track is the amount of money I'm making per month....
    Anyways, should I go to a lawyer to discuss this in more details? Also, are there any other alternatives?
     
  4. Talsin

    Talsin Regular Member

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    I think your being a bit too paranoid.

    Obviously your making way more than students who work in bars or in McDonalds or whatever, but if you can show how your making it then it shouldnt be an issue. I think the law is more in place to protect Aussie Jobs for Aussies than it is about you making $$$.

    Also imagine if you where a girl, and you decided to be a stripper in a high end club, and you made $500-1000 a night, working 4 hours a night 5 days a week. They let that slide (had an ex who went to Australia for a study year and did this).

    Also if your not processing most of the money into an Aussie bank account they probably wont even notice. If your worried (obviously you are) go see a chartered accoutant they are cheap enough for a consultation and they will be able to properly advise you.
     
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  5. Kvamme

    Kvamme Junior Member

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    I am in the US on F1 status,I am making money online,Receive checks from google adsense,cpa lead paypal etc.I dont think there'll be any problem with self employment.
    Also its better we discuss some methods on how we can route our money from various CPA programs to back home or anywhere.
     
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  6. Crucix

    Crucix Registered Member

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    ok thank you guys for the replies, i guess you guys are right.

    I will still talk with a lawyer or chartered accountant for proper advice, because I m looking to expand my current earnings, so I think its better to be safer and know the situation well. And yes Im withdrawing it all to my Aussie Bank account... but if that becomes a prob, I mite go with an offshore bank altho I think that has a chance of creating more problems than needed.

    @Kvamme:
    I pmed you, will help if we discuss a few things related to this on msn.
     
  7. bosslabs

    bosslabs Newbie

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    Hey you are wrong bro..you will have problems if you receive checks from google and other sources. Better check with the international student office in your university cos I am pretty sure you cannot accept checks
     
  8. netfish

    netfish Junior Member

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    I am an F-1 student just like Kwamme, contact me if you need some guidance.

    Talsin boldly said that:

    Which is the case almost everywhere as long as you stay within the F-1 visa and OPT training boundaries.

    After 911, rules and regulations got tighter for non-citizens in the US and I am sure that is also effecting the rest of the world, ie: Australia

    The 20 hr limit is the cap and dare your employer cross it, they'll get a call or in trouble from big bro wondering what's going on. I've passed the 20 hour limit, but it was nothing obvious/obnoxious.

    Best advice: avoid breaking the law and use a citizen's personal information to get money and route it to your account as soon as it drops in their account (or just cash it immediately as you get it).

    Use a girlfriend or wife to do it, since they are more willing and reliable. You can get work done if you put your effort and time to it. It's all in the mind.

    And, lastly, avoid all distractions and people you mistrust. They can put you in a deeper hole than you're in at the moment. Dedicated your time to reading the Money Making threads on BHW until you find one that you can easily follow and convert with.

    Find what works for you and ride it out!
     
    Last edited: Apr 29, 2010
  9. netfish

    netfish Junior Member

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    You are certainly right about that one.

    Any individual doing that is setting themselves up for a major disappointment!

    DHS isn't bullshitting around these days with deportation. Look at the new Immigration laws being passed in Arizona. They'll extend them to every state and once they catch up to you (Kwamme), especially the IRS, they'll nail you in a heartbeat. It's not hard for them to do at all. Everything is computerized, it's not about man power anymore. You'll get flagged and tracked down.

    My advice: use a VERY close friend or relative who has citizenship and get your paper that way. Split it with them to keep them happy! Don't be greedy and pay those taxes to stay legit.
     
  10. nambooooo

    nambooooo Regular Member

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    Oh, c'mon, I have polish friends in New Hampshire, in a small village where the employers trust you on word that you have a work authorization. They are staying there for 5 years, without any trace of visa, working using their SSN's and paying taxes. Although, that might change in the near future, I won't argue with that.
    Also there are guys that I know, waiting for the immigration to deal with the bureaucracy, waiting years to get the work permit and when asked by the immigration where they work, they say they work here and there for cash and the immigration is fine with that, better to work like that than to live in poverty and God forbid, steal. One of that guys told me once, you can break the laws by working without a permit, they don't care, but don't mess with the government money, PAY YOUR TAXES.
    Posted via Mobile Device
     
  11. Kvamme

    Kvamme Junior Member

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    I dont have problems with paying taxes,but when asked to fill out the forms with various affiliate programs,I can only select the W8form and if I select that form because you are not a US resident or a green card holder you dont need to pay taxes.I filled up that form with adsense and I deposited the Adsense check on Bank of America ATM,I didnt had the guts to deposit the check after going to the bank.
    And rest like CPa lead etc I am receiving money to my paypal account.I verified my paypal account with my BOA account,also withdrawn some money from paypal to my bank account once after that I was afrid and its all in paypal.
    I am afrid as paypal may ban my account soon.
    I am planning to start my campaigns with Clickbank,now when I signed up its also asking for my Tax ID.I have some pending payments with commision junction(not that much) but cant receive because I dont have any Tax ID.
    I am just thinking of opening or managing an offshore account.Anyone did this or are planning to do,it will be great if we form a small group and discuss our confusions.I am also stuck on applying to various CPA programs as I dont know how do I say I am an F1student and earning online?
    I am now part of Copeac and Adsced Media.
    I havent started with Copeac as it is also asking for giving my W9form as there is no option to give W8 form there.
    Now where to receive our checks.
    Is there anyway where for eg:eek:ur clickbank cheque go to our home address back home in our name and then it gets automatically deposited in our bank account back home.I even heard some people start accounts in canary islands,bahamas etc
     
  12. SpeakToTman

    SpeakToTman Regular Member

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    @OP: If i were in your shoes i would definitely go see a lawyer about your situation. Because technically you are self employed when doing IM...many countries (I dont know about aus) do not allow you to own or operate a business when on a student visa.

    I know in the UK they only allow you to run a small self employed business if you are employing only yourself, you are not allowed to employ anyone to work for you...which is the case with you, but i dont know how australia works though..

    Worst case, just get an offshore bank account...or work with affiliate networks that pay via payoneer or epassport..
     
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  13. Crucix

    Crucix Registered Member

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    Ok i just contacted a lawyer, and this is what i got.

    There is no visa condition in Australia which stops an International Student from running a business or a self employed business. So as long as I pay my taxes it should be okay.

    Also, the 20hr/week work limit is a bit tricky though, but since I m earning money from a US based company, as long as I declare I'm working 20hrs/week it shouldn't be a problem.

    Another solution is to incorporate a company for the business, and then have the company pay me wages up to 20 hours a week. Although I would need to acquire an ABN for that, and also register for GST.

    I will go down the first route though, simply get an ABN, run the business normally, declare my earnings and pay the taxes I owe. If immigration does question me whether or not I'm doing more than 20 hrs/week, i will just tell them I'm working under 20hrs/week for this business. No way to prove me wrong.

    If anyone wants to ask any questions, or if anyone has any more info please share...
     
  14. darkface

    darkface Senior Member

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    Why not just declare it in your home country as earnings instead of in australia? that way noone in Oz will even know?
     
  15. netfish

    netfish Junior Member

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    @Kwamme You can get paid and get away with it for a while, but you will get flagged eventually and suffer the bitter consequences.
     
  16. Kvamme

    Kvamme Junior Member

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    What do you mean man?Isnt this self employment doing it with our own effort without working under someone which is illegal?
    Its said that F1students are not allowed to do any off campus job,but no where is it given as they cant do self employment.
    So if you want to start a business while on F1 which many people do how are they doing it?
    So how do you think foriegn students who did their studies here and started a company are now sitting pretty.Even Ebay etc and many other companies were started by international students.I really dont think there will be any problem with self employment as long as we are paying taxes
     
    Last edited: Apr 30, 2010
  17. d4l1t0s

    d4l1t0s Power Member

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    I m an international student in Canada
    WE have the same thing here 20hours during the simester and inlimited hours during the vacation .
    Now the thing is that no one can stop you from making 500$ an hour and no one can stop you from outsourcing your job :)
    so what you can do is :
    1- Talk to your lawyer and register a company name ( Banana.Inc will do ) and change you visa to an Invester ( this can work if you company is making a certain ammount of money )
    2- Immigration can not check your bank account :) so you can send your money offshore or talk with your family so they receive the money and they send it back to you :)
    3- Wear your blackhat and tell the immigration that you are just outsourcing the job and you are spending only 20h a week on that :) ( will be convincing if you have good grades )
    4- Don t give a shit about them and do as I did and tell them that you didn t know that online jobs were counted as real job .
     
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  18. Kvamme

    Kvamme Junior Member

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    In australia its not that much of a problem,they are cool.
    But here in the US its a real pain in the ass trying to cover up our earnings.
    I have few pending payments with commision junction.Can someone help me on how shall I receive it without my SSN.I still dont have my SSN yet,even if I had I am not planning to give it to them.Can someone help me out.Is there anyway that I can receive the money,help
     
  19. blackninja

    blackninja Registered Member

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    Someone please update this thread with latest info :)
     
  20. DigiCyan

    DigiCyan Regular Member

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    I know it is really old. But can someone update with the latest information about it? Thanks.