What is the name of your state?What is the name of your state? Texas
Hi,
I have lived in Houston,Texas for the last 15 yrs of my life and I am also an U.S. citizen. Ever since I left my country Taiwan at 7 and felt the freedom U.S. provides, it was always a goal of mine to start a business and experience the American dream.
The last 7yrs, I have been preparing to undertake the challenge of forming and operating, a successful investment management company, called Roma Group, or Feng's Associates in Texas. Where the majority of our business will be conducted locally, in various real estate sectors.
My problem is this. My childhood friends, who are "non-resident aliens", wishes to give me 200k, for no profits. Is there a way I do not step on Uncle Sam's toes but can still not be taxed?
I do not mind paying taxes on the income from my business. But the fact is it hasn't even started yet.
Look at it from my company's perspective. If my business haven't even started receiving income, the taxes I paid are quite hazardous to the company's financial health and future. That's like asking you to pay your income tax for not the current tax year but for the future. Or like a senior paying for school taxes.
Thank you for your time and efforts.
Best Regards,
Andrew Feng
P.S. email: [email protected] if you want to speak with me directly.
Hi,
I have lived in Houston,Texas for the last 15 yrs of my life and I am also an U.S. citizen. Ever since I left my country Taiwan at 7 and felt the freedom U.S. provides, it was always a goal of mine to start a business and experience the American dream.
The last 7yrs, I have been preparing to undertake the challenge of forming and operating, a successful investment management company, called Roma Group, or Feng's Associates in Texas. Where the majority of our business will be conducted locally, in various real estate sectors.
My problem is this. My childhood friends, who are "non-resident aliens", wishes to give me 200k, for no profits. Is there a way I do not step on Uncle Sam's toes but can still not be taxed?
I do not mind paying taxes on the income from my business. But the fact is it hasn't even started yet.
Look at it from my company's perspective. If my business haven't even started receiving income, the taxes I paid are quite hazardous to the company's financial health and future. That's like asking you to pay your income tax for not the current tax year but for the future. Or like a senior paying for school taxes.
Thank you for your time and efforts.
Best Regards,
Andrew Feng
P.S. email: [email protected] if you want to speak with me directly.