Search Subject: July 2014 [Clear]

July 25 2014

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...

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July 16 2014

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...

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July 10 2014

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...

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