Chapter 69: The last straw is useless

Penelope Cruz is now completely confused.

She was just 16 years old, so she didn't know that she still had to pay taxes. When she was in Spain, her parents were in charge of all these things.

And she had just come to the United States, and she had not yet been beaten by the Federal Internal Revenue Service, but through some kind of great sacrifice, she obtained that amazing fortune and enjoyed a luxurious life that no other girl could enjoy in her life.

Young people have no moderation, in every way, and now they are running out of money.

This time she was really panicked.

When the six gods were gone, she had to call her private bank manager Khalid again and ask some vague questions about paying taxes.

But unfortunately......

The girl's little trick, this little bit of words, made the bank manager guess what she wanted to ask at once.

So......

Khalid was on the phone, and he said to Penelope very clearly: "Miss Cruz. The law and the tax aspect are very complicated in the federal government. If you don't know how much tax you should pay, the best thing to do is to consult a lawyer and accountant. Although I know a little bit about this, there is not much that can help you. ”

I didn't expect it to be known at once.

The Spanish girl was a little flustered, but still asked in a low voice, "What about ......that?" How much is the lawyer's fee?"

Lived here for more than a month.

After half a month of rich life, half a month of poor life. Penelope already knew that this was a country that wanted money to die.

You have to pay for everything but the air you breathe! Even the air in some private areas actually costs money.

Go ask a lawyer, and of course ask for money!

Khalid smiled heartily across the phone, "It depends on what level you need." For general lawyers, the hourly service fee starts at $300. Excellent lawyers, with hourly service fees starting at $1,000. If you have a tax problem, you should consult a professional barrister, and their hourly service fee starts at $3,000......"

Wow!

Hearing this, Penelope's eyes couldn't help but widen.

Grab the money!

If it was a proud past, she would be able to throw it out without blinking her eyes for this service fee. But right now, there are only a few thousand dollars left in the account, and if you spend it on the lawyer's service fee, you don't have the money to pay taxes......

"Khalid. I would like to ask, is there any tax deduction policy in the United States?" Penelope couldn't help but ask, thinking of his impression that American consumption seems to be tax-free.

"Hmm...... Of course. Although I am not a lawyer, I do know that the federal tax law stipulates that there are 30 types of purchases that are tax-exempt and deductible. In addition to the 30 federal regulations, there are 13 other state regulations, which are a total of 43 tax-deductible consumption items......"

Khalid's words.

The helpless girl suddenly seemed to have found a life-saving straw, and she excitedly asked again and again, "Khalid! Then how much tax can I deduct? I have spent so much money in the United States, I should be exempt from a lot of taxes! I should be able to enjoy at least dozens of 43 kinds of tax exemptions!"

However.

The girl was answered by Khalid with a chuckle, followed by his calm and gentle voice: "Hmm...... I happen to have this form of tax-free and tax-deductible consumption items in my hand...... Why don't I read it to you?"

Although she was sure that she probably didn't understand, but now she realized that she had spent so much money and had no money to pay taxes at all, Penelope Cruz regarded the tax deduction and tax exemption program as the last straw, and even if she didn't understand, of course she wanted to hear it.

"Okay! Excuse me! Khaled. ”

"Hmm...... It's just a matter of effort. ”

"In accordance with federal law and the regulations of the State of California, tax-exempt and tax-deductible consumption items beginning April 15, 1989 and ending April 15, 1990 are as follows. ”

"1. Income tax paid by state, local, or foreign governments, as well as personal property taxes related to automobiles, boats, and real estate. ”

"2. Individual employee contributions to state (provincial) disability funds (i.e., SDI on salary receipts). ”

"3. Funds like retirement plans (including IRAs, Keogh or SEPs) or Medisave accounts. ”

"4. Student loan interest (capped at $1,500). ”

"5. Legal fees incurred to obtain income, such as alimony. ”

"6. Gambling losses (capped at gambling profits). ”

"7. The market value of clothing, computers, household utensils donated for charitable purposes. ”

“……”

"42. Early withdrawal penalty, if you incur a penalty due to early withdrawal from a fixed deposit or retirement account, as long as the regulations are met, whether it is a standard deduction or an enumerated deduction, the penalty part can be deducted. ”

"43. Bad debts, if you borrow money from others and cannot recover it and become bad debts, if sufficient and legal evidence can be provided, it can be deducted. ”

“……”

A total of 43 tax deductions have been made, and Penelope Cruz has been listened to in a daze, to be honest, how much she can listen to, that is really only she can know.

She couldn't say a word.

Khalid, the private bank manager opposite, who didn't know whether it was out of professionalism or kindness, explained softly to the girl: "Miss Cruz. Because you are a foreigner and do not work in the federal territory. Therefore, these 43 deduction items are probably only two useful compared to my little legal knowledge...... Of course, this is not legal advice, this is my personal opinion. If you need legal services, if you need legal counsel, you still need to go to those professional lawyers. ”

The Spanish girl was confused, and now she heard Khalid say that there might be two things that could be tax-exempt, and she hurriedly asked urgently: "Are there two things that can be tax-exempt?

She's like a drowning person now.

Not to mention a life-saving straw, even a life-saving hair, she will grab it fiercely. Even if there are only two of the 43 tax-free and deductible consumption items, it is the same.

"It should be the [interest expenditure] tax exemption in item 9, and the law stipulates that expenses incurred due to interest can also be used to deduct it. These expenses of yours can be regarded as a place of interest. If you want to know the specific amount, it is also written on it, as if the maximum amount per month can only be no more than $1,000, and only $12,000 a year can be tax-free. ”

Then there is item 18 [Tax Preparation Fee]. The relevant expenses incurred when filing tax returns, such as accountant fees, tax filing software fees, etc., can be deducted under the "miscellaneous" list of deductions. ”

After listening to the two "life-saving hairs", Penelope was disappointed, the tax exemption of 12,000 US dollars is not a tax deduction, and there is a fee that you know is not much just by listening to it, how much can this deduct the tax reduction?

"Is there nothing else?" she asked, crushing her private banker with the last glimmer of hope.

"Nope. ”

Khalid's answer sent chills down the spine, and then gave her a glimmer of hope, "Maybe." However, I am not a professional lawyer, and the above advice is only personal and ordinary advice, not legal advice, and has no legal effect. If you really want to get a tax deduction or exemption, you can go to a professional barrister. ”

"That's what they're good at. often help the rich get tax deductions and tax deductions...... Wells Fargo is willing to act as an intermediary for you, and we only charge a very low service fee. We can introduce you to the best barristers in Los Angeles or Seattle, or even in New York!"

"Excuse me, do you need legal services?"

"No! No money!"