Can we use a portion of Simplified Employee Pension Plan (SEP) IRA funds for EB-5 for a direct investment project?
Answers
Bernard P Wolfsdorf
Immigration attorneysIf it’s from lawful employment, it should be useable.
Julia Roussinova
Immigration attorneysYou may do so if you can document the legal source of funds, you are using as direct EB-5 investment. Sources of funds may be combined for EB-5 case. Consult a tax advisor regarding tax implications/penalties.
Ying Lu
Immigration attorneysAs long as you can prove the source of the IRA funds, it can be used as the capital of your EB-5 investment.
Linda Liang
Immigration attorneysFor EB-5 purposes, they need to make sure the fund comes from the applicant. It does not matter where it comes from.
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