This is the fourth post in a series that discusses how EB-5 investors and their dependents can maintain eligibility for permanent residence and I-829 Petition approval. This blog focuses on criminal issues and tax issues. President Trump’s Executive Order, along with a Department of Homeland Security (DHS) implementation memorandum, prioritizes removable aliens who: Have been convicted… Continue Reading
On Sept. 9, 2015, the IRS issued long-awaited guidance on the 2008 legislation relating to gifts to United States persons made by former U.S. citizens and long-term residents who expatriate on or after June 17, 2008, and are classified as “covered expatriates.” The guidance came in the form of proposed regulations, which will be effective… Continue Reading
On June 26, the IRS announced a new streamlined tax compliance procedure for non-resident U.S. citizens and green card holders, effective September 1, 2012.
While many EB-5 investors are aware of tax planning measures they should take in anticipation of becoming U.S. permanent residents, they are often unfamiliar with financial requirements that become effective once they receive their unconditional permanent residency and subsequent U.S. citizenship. On June 26, the IRS issued two News Releases and updated Frequently Asked Questions… Continue Reading