We paid the EB-5 investment amount for our son from our account overseas. Now, they will return the full amount to his account in the U.S. Will there be tax implications for him?
Answers
Bernard P Wolfsdorf
Immigration attorneysIf this is not income but return of capital, then it may be okay.
Lynne Feldman
Immigration attorneysI would not think so unless there was a profit, but best to check with tax counsel.
Belma Demirovic Chinchoy
Immigration attorneysWith all things US tax related, please get proper professional advice from a person engaged to represent you.
Dennis Tristani
Immigration attorneysYou should speak to a CA/CPA for all tax questions concerning your investment.
Charles H Kuck
Immigration attorneysGreat question for a tax lawyer or accountant, NOT for an immigration lawyer.
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