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Feb 12, 2018

EB-5 Update: Congress Extends EB-5 Investor Visa, Again.

Yet again, the House and Senate have passed and sent to the White House a continuing resolution that prevented a government shutdown and extended the EB-5 Regional Center Program until March 23, 2018.  Invest in the USA (IIUSA), the national membership-based industry trade association for the EB-5 Regional Center Program, noted in a statement that the continuing resolution provides much-needed time to reach an agreement on a permanent EB-5 program fix:

We believe that this new deadline on March 23rd will be the first time since December of 2015 that EB-5 reform could realistically
have a legislative vehicle for reform and a long-term reauthorization.» Read More

Aug 02, 2011

IMPORTANT UPDATE: 2011 IRS Offshore Voluntary Disclosure Initiative

As we noted in our March and April postings, the IRS Offshore Voluntary Disclosure Initiative (“OVDI”) is available only through August 31, 2011. Participation in the OVDI program requires the submission of back tax returns and foreign bank account information, as well as an IRS submission letter and supporting documents, all of which takes time to compile.» Read More

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