EB-5 VISA APPLICANTS NEED CAREFUL TAX PLANNING

The successful EB-5 visa program, created by the Immigration Act in 1990, has the potential to be a win win-win for investors, for US workers and for the US economy.  But foreign nationals looking to invest at least $500,000 in order to qualify for an accelerated  green card need to be prudent, says Alex Wang, partner in Marks Paneth’s Tax Group, in a new article published in The Metropolitan Corporate Counsel 

“Participation in the program comes with a price – having to manage a complex set of tax issues,” Alex states in the article.  And if these issues are not handled properly, the result could be disproportionate tax obligations and possibly compliance issues. 
Read Alex’s article to learn more.

 

CONSULTING FIRM SPECIALIZING IN INTERNATIONAL TRADE LITIGATION JOINS MARKS PANETH LLP

ITR LLC Becomes Part of Marks Paneth’s Litigation Services Group and Extends Firm’s Footprint to Washington, DC

Marks Paneth LLP is pleased to announce that ITR LLC, a highly regarded Washington, DC, consulting firm specializing in international trade litigation, has joined the firm, effective October 1.  ITR, which has FY 2014 revenues of approximately $5 million, has 12 staff including partners and principals.  ITR’s overall big-data mining, big-data analysis and other forensic capabilities, as well as its track record providing expert analysis and technical skills to assist clients as disparate as the European Commission, the Ministry of Commerce for the People’s Republic of China and the Departamenta de Defesa Comercial in Brazil, will expand the services offered to our Litigation clients.

Marks Paneth Press Release

UPCOMING EVENTS

Wednesday, December 3, 2014:  Tax Seminar for Scarsdale Chinese Association

Alex Wang and Joanne Chiu, members of the firm’s China Desk, will discuss year-end tax planning and getting ready for 2015 at this event being held at the Scarsdale Library, Scarsdale, New York.  
Among the topics to be discussed are:

Filing personal taxes
International tax issues
Tax issues related to estate planning
Tax issues related to small business owners

Please click here for more information and to register.


Thursday, December 4, 2014:  Nonprofit Conference

Rob Lyons, Tax Director, Nonprofit and Government Services Group, will be giving two presentations at this conference hosted by the New Jersey Society of CPAs (NJCPA) and being held at Pines Manor in Edison, New Jersey.  The agenda includes:

Grappling with a recovering economy
Increasingly complex compliance and regulation responsibilities

Please click here for more information and to register.