Marcum’s David Appel to Present at 2013 EB-5 Investment Summit: Dealmakers Conference
New York City, NY – David Appel, a senior Tax & Business Services partner at Marcum LLP and a leader in the Firm’s national EB-5 Regional Center Services practice, will be a featured presenter at the 2013 EB-5 Investment Summit: Dealmakers Conference on May 30 in Los Angeles. Mr. Appel, who has presented at numerous EB-5 conferences in the U.S. and abroad, will discuss current tax issues for EB-5 investors as well as critical aspects of project due diligence.
“The unique federal EB-5 program has attracted significant capital investment from China and other overseas markets and has been an effective catalyst for job creation domestically. As with any investment, it is critically important that investors perform the proper due diligence to ensure they thoroughly understand the investment project risks, both financially and with respect to the EB-5 application process, and that they carefully plan the application process with professionals. It is also important that investors review their sourcing of funds to make sure they can meet USCIS criteria, and that they properly plan for U.S. taxes in advance of their green card status,” Mr. Appel said.
The federal Immigrant Investor Program, known as EB-5, was established in 1990 to stimulate the U.S. economy through job creation and foreign investment in U.S. commercial enterprises. Marcum performs tax and advisory services for several EB-5 Regional Centers, which administer funded projects and job creation thresholds. Marcum also works with investors relating to pre-immigration planning and Source of Funds reports.
The 2013 Dealmakers Conference will educate EB-5 participants about best practices and current issues in the market, and will assist EB-5 projects by engaging project developers, immigration attorneys and EB-5 professionals with international migration agents, consultants and service providers in a single forum.
Marcum LLP’s EB-5 Regional Center Services practice offers a complete range of accounting and regulatory compliance services, including management of investor reports; documentation of lawful sources of funds; design of accounting systems and internal controls; outsourced accounting services; USCIS compliance reporting; international investor tax services; independent CPA firm reporting; funds transfer accounting; review of financial pro-forma; and green card process and tax effects monitoring.
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as select international locations. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as nonprofit and social sector entities, high net worth individuals, private equity funds, and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services.