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Search Subject: July 2014 [Clear]
Source of Funds
All funds invested in an EB-5 green card project, plus the regional center’s subscription fee, must be traced and shown to be from a legal source. Each case is different. Some people take a distribution from a company and some have savings over time. One common source is to sell a...
Foreign Account Tax Compliance Act (FATCA)
The U.S. is one of a few countries that tax its residents on worldwide income. The U.S. and the People’s Republic of China have recently entered into a FATCA agreement whereby Chinese banks will notify the U.S. IRS about accounts held in China by American citizens and permanent residents (green...
Good News for Economic Models
RIMS II is a common input-output economic model used for RCs to project job creation. The Bureau of Economic Analysis (BEA) had announced that it suspended and planned to retire RIMS II. However, the BEA now says that in 2015, it plans to release a modified economic model to replace...