My Age of Investment

After Andrew received a call from Xia Jingxing, he immediately drove his BMW 740 to the Stanford campus.

After parking the car in Building G of the incubation base, he got out of the car and walked over to Xia Jing, who was standing downstairs waiting for him, and asked, "Aren't you going back to China? What happened? ?"

"Get in the car and say."

The situation was more urgent, and Xia Jingxing did not tell Andrew in detail on the phone.

When the two got into the car and drove to San Francisco, Xia Jingxing told Andrew in detail about the troubles he encountered.

"Oh, my Jade Emperor!"

"That stock you bought made a profit of $3 million?"

"The world is so crazy..."

While driving, Andrew sighed Xia Jingxing's good luck.

He has been a lawyer for ten years, and he did not earn as much as Xia Jingxing from a single stock market.

Xia Jingxing had shown him and Principal John the securities account before, and the profit at that time was hundreds of thousands of dollars.

Even took him to search for NetEase stocks.

But unfortunately, he judged that the upside potential of this stock should have come to an end, and did not start to buy a little bit.

At this time, he suddenly had the feeling that he had missed millions, besides heartache, it was heartache.

Xia Jingxing was not in the mood to correct the difference between "Jade Emperor" and "God" in Andrew's mouth, and continued to talk about his troubles.

After listening, Andrew frowned: "Capital gains tax of $900,000?"

Xia Jingxing nodded lightly, and then asked, "Judging from your years of experience in the industry, what do you think are the chances of being found by the IRS?"

Andrew shook his head, "It's hard to come to a conclusion, I'll make a call first."

Then, Andrew found a place to park the car and called a friend of the tax accountant.

Andrew erased a lot of descriptions about Xia Jingxing's identity, and said that there were customers who asked about such tax issues, and probed into the other party's tone.

After some exchanges, Andrew got the answer he wanted.

After hanging up the phone, he looked at Xia Jingxing and sighed, "Pay your taxes honestly, you are a big man in the future! The IRS likes to stare at wealthy groups like you."

Andrew explained: "In addition to applying for a green card, Facebook may become more and more famous and even go public in the future.

Your goal is too big!

Unless you no longer have any ties to the United States in the future, the IRS may turn over your tax bill from years ago when you become famous and become a big shot.

Generally, the IRS will only review tax returns within the last three years.

However, if you are found to have underreported 25% or more of your income, the IRS will retroactively track your tax returns for the last 6 years.

Six years, think about it, how long is this?

What will Facebook look like in six years? "

Xia Jingxing was actually mentally prepared to pay taxes. After listening to Andrew's detailed analysis, he felt that capitalist wool was not easy to sew!

Knowing Wang's tax evasion and evasion, he was turned upside down by the IRS gang, not to mention he is a foreigner.

If someone were to target him or Facebook, that would be a huge loophole.

How ruthless the IRS is, there is no need to explain too much. Even gangsters and drug lords have to pay their taxes honestly. The police dare not touch them. The IRS dares, and will send undercover agents to investigate taxes.

Pay taxes or go to jail, there are two paths, you choose.

There is a joke in America, you are dealing with drugs, prostitution, money laundering, and the IRS will not care. They only care about one thing: have they paid their taxes on the money they make from drug trafficking?

In fact, the IRS tax filing guidelines do contain an instruction that tells taxpayers how to report illegal income.

Of course, most drug lords don't report it, but when they find out that they are about to be arrested,

The first thing that comes to mind is paying taxes.

Because if you do not pay taxes, you will not only face criminal penalties, but also be charged with additional tax evasion charges.

Andrew coughed twice, "The crime of tax evasion is not light, not only will you be imprisoned, you will also be fined, and your reputation will suffer a lot.

You opened an account with Firstrade, and from your account, many people in their company should have known the news.

If it is your own company, please ask accountants and tax accountants to operate it.

After all, it is not a company that you control, and there are always hidden dangers.

In addition, Asians have a little money and like to evade taxes, so they are the key people targeted by the IRS.

In the past, Chinese restaurant owners in Chinatown liked to accept cash instead of invoices.

Later, the IRS sent people to squat at the door, counted how many people entered the store and how much they spent, and then followed the customer to ask if there was an invoice, whether it was cash or a credit card.

You can even find someone to eat in this restaurant for a year, count the head every day, and then calculate how much you should earn in a year.

There are many ways for those bastards, just like a poisonous snake, as long as they stare at you, they will not give up if they fail to achieve their goals.

The IRS also has a "Whistleblower Program," which rewards whistleblowers with 30 percent of their taxes after their reported tax evasion is verified.

If you are rich in the future, I believe the people from Firstrade will definitely not mind and make a fortune from you. "

Xia Jingxing shrugged and laughed, "How could I evade taxes? I am a principled person. Let's go, go to First Securities!"

Andrew smiled, I believed in a ghost.

After continuing on the road, Xia Jingxing told Andrew again about asking First Securities for compensation.

After listening, Andrew nodded: "It is true that we should ask for compensation, or hush money.

Firstrade should have done this kind of thing a lot over the years. Many of my law firm’s clients are Chinese, and they basically have accounts with Firstrade. "

Speaking of this, Andrew glanced at Xia Jingxing with a smile, "You have made so much profit this time, it probably surprised them a lot.

Usually, they help customers to "evade tax", and the amount is only a few hundred or several thousand dollars, which is difficult to attract the attention of the IRS.

But you're different. If you get checked out by the IRS, there's a good chance they'll...what's it called? "

Andrew thought for a while, then said, "Pull out the radish and bring out the mud! Yes, it's called this, you are the little radish."

"Not small, twenty centimeters of radishes."

Andrew smiled, "Don't explain it deliberately, I understand I understand!"

Made a little joke and went back to the main topic.

"I judge that the situation like yours should be an example of a case in Firstrade."

Xia Jingxing asked, "What do you say?"

"Generally, people who can make millions of dollars, even if they are Chinese, are basically American nationals, and there will be no tax problems like yours."

"As for international students, it is basically impossible to make so much money, you are considered a rare breed!"

Xia Jingxing was too lazy to pay attention to the ridicule in Andrew's words and motioned him to continue.

"I guess, First Securities is also very entangled now, how can we handle this matter with you?"

"Once it's handled carelessly, don't even think about doing this kind of "tax avoidance" business for international students, and the IRS will ask them to settle old accounts."

"Anyway, don't worry, with my Andrew, the compensation will be determined this time!"

Xia Jingxing smiled and said, "So confident?"

"Get ready for the attorney's fee!"

Andrew smiled confidently, "Five points in the compensation amount is not too much, right?"

"Two o'clock!"

"With a little more money, I think I can do better!"

"Three o'clock, no more."

"make a deal!"

The brothers also had to settle their accounts. After negotiating the price, Xia Jingxing closed his eyes and rested, while Andrew continued to drive. Neither of them spoke, and they each started to plan their next actions.