When do EB-5 applicants become subject to U.S. laws and taxes? - EB5Investors.com

When do EB-5 applicants become subject to U.S. laws and taxes?

At what points in the EB-5 visa timeline will I, as the primary applicant, have to worry about U.S. laws and tax matters? For example, will I be subject to any U.S. laws and regulations, or have to pay any U.S. taxes, in the pre-immigration stage, after receiving a conditional green card, etc.?

Answers

Fredrick W Voigtmann

Fredrick W Voigtmann

Immigration Attorneys
Answered on

At some point, an EB-5 investor will become a U.S. resident for tax purposes. It is important to have expert tax advice before deciding to invest in an EB-5 project. All U.S. lawful permanent residents are subject to taxation on their worldwide incomes.

Salvatore Picataggio

Salvatore Picataggio

Immigration Attorneys
Answered on

You will have to be concerned with U.S. taxation (on worldwide income, no less). From my understanding (I am not a tax attorney), entering the United States is the trigger.

John J Downey

John J Downey

Immigration Attorneys
Answered on

Once you receive the conditional green card then you are subject as a U.S. resident to the tax code.

Anthony Korda

Anthony Korda

Immigration Attorneys
Answered on

Ordinarily, EB-5 investors become subject to the laws and taxes of the United States once they arrive in the United States and declare domicile as permanent residents, or when they adjust status. However, those already in the United States and adjusting status may already have been subject to U.S. tax laws. In order to determine what, if any, tax regime applies in any particular case, you should consult a tax attorney or CPA.

Ian E Scott

Ian E Scott

Immigration Attorneys
Answered on

For EB-5 applicants, a person on U.S. soil is subject to U.S. laws (and even if not on U.S. soil, one could be subject to U.S. law if the U.S. has jurisdiction). If you are in the United States and you meet the residency requirements, you would be subject to U.S. tax law. When a green card is issued, you are automatically subject to tax on your worldwide income as you are deemed a resident for tax purposes in the United States.

Julia Roussinova

Julia Roussinova

Immigration Attorneys
Answered on

You will be required to file Form 1040NR for nonresident aliens if you receive any dividends from a project in a regional center or in a direct investment as part of your EB-5 investment. Generally, if the distribution is within the exempted amount, you will receive a refund from the IRS four to six weeks after filing Form 1040NR. You will be required to file Form 1040 for residents and U.S. citizens once you become a conditional permanent resident of the United States. As a conditional permanent resident, you will be subject to U.S. income taxes on your worldwide income in the same manner as lawful permanent residents and U.S. citizens. You may also be subject to FBAR filings. You should consult a tax attorney for any necessary tax and/or estate planning or a CPA in connection with required tax filings.

Sara Wang

Sara Wang

Immigration Attorneys
Answered on

You should always be aware and take care not to break any U.S. laws and regulations if you are thinking about immigrating, if you have filed an immigration petition, or even after your petition is approved. You are subject to U.S. taxation once your immigrant visa is approved and you have been granted your conditional green card.

Jinhee Wilde

Jinhee Wilde

Immigration Attorneys
Answered on

You will be subject to the U.S. tax laws the year you obtained your conditional green card as you will need to file taxes starting that year. You are subject to other U.S. laws, federal, state and local laws, such as criminal, traffic and other municipal ordinances, whenever you are in the United States regardless of your green card status. Thus, if you are in the United States visiting prior to applying for the immigration petition, you will still be subject to these laws.

Stephen Berman

Stephen Berman

Immigration Attorneys
Answered on

Once you have been admitted to the United States, you will be subject to the U.S. laws.

DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.