Marcum Partner David Appel to Present on EB-5 Immigrant Investor Program at Invest in America 2014 Shanghai Conference
New York City, NY – David Appel, a South Florida 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 fourth annual Invest in America 2014 Conference in Shanghai, China, on March 22. He will be discussing U.S. Taxation to educate prospective Chinese investors about the complex application process for this U.S. economic stimulus program and the importance of Source of Funds reporting to ensure their applications are approved.
“Seeking classification as an immigrant investor under the EB-5 program carries an evidentiary burden on the investor,” Mr. Appel said. “The petition must document the source and path of the funds used in the investment structure, and therefore a meticulous Source of Funds Report is integral to the success of the application.”
Mr. Appel speaks frequently in the U.S. and China on the federal Immigrant Investor Program (EB-5), which was established in 1990 to stimulate the U.S. economy through job creation and foreign investment in U.S. commercial enterprises. The program is administered by the U.S. Citizenship & Immigration Service (USCIS) and is supervised by EB-5 Regional Centers which oversee funded projects and job creation thresholds. The program has attracted billions of dollars in investment and has been an effective catalyst for job creation domestically since its founding.
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.
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