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Questions & Answers

What are the tax liabilities on the foreign assets of the EB-5 investors?

Are there any tax implications for successful EB-5 applicants on their existing international assets obtained before they applied? Could they face tax liabilities on capital gains on existing foreign assets after residing in the U.S.?

Answers

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    Ed Beshara

    Immigration Attorney
    Answered on

    It is advisable for you to seek the services of an international tax attorney and/or an international tax CPA to provide you an analysis and direction on pre-immigration tax planning.

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    BoBi Ahn

    Immigration Attorney
    Answered on

    This would be better addressed by a tax attorney or a tax specialist. My understanding is that there are definite tax liabilities to worldwide income once you become a permanent resident.

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    Belma Chinchoy

    Immigration Attorney
    Answered on

    U.S. permanent residents, regardless of how such status was obtained, are taxed on global income.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    Permanent residents are required to file taxes on their worldwide income. You should consult an international tax attorney to advise on how any tax treaty may help and what must be declared that was acquired prior to permanent residency.

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    Sally Amirghahari

    Immigration Attorney
    Answered on

    Yes. Under the IRS regulations, as a U.S. person, you are required to report all of your assets and earned income around the world. I suggest consulting with an experienced attorney regarding the details and necessary reporting and compliance of these IRS regulations.

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    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    Once you become a permanent resident, all revenues you earn from both within and outside the U.S. are taxable.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    EB-5 investors who have landed as immigrants are taxable like all other U.S. citizens generally speaking. There are tax treaties that may impact some residents. Existing assets in the U.S. or elsewhere are not exempt so pre-immigration tax planning is important.

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