International Entrepreneurs Welcomed Per USCIS Proposal

By Wiss, Posted in International Tax Services

By Mary Vasilescu The U.S. Citizenship and Immigration Service (USCIS) recently announced a groundbreaking new proposal to award temporary admission to international industrialists looking to cultivate their business within the United States. USCIS Director, Leon Rodriguez believes that “America’s economy has long benefitted from the contributions of immigrant entrepreneurs, from Main Street to Silicon Valley," thus, the proposal when finalized, is expected to strengthen the country’s eco... read more.

What Foreign Business Owners Need to Know When Starting to Work in The U.S.

By Wiss, Posted in International Tax Services

By Mark Feldstein and Mary Vasilescu When international businesses are considering doing business in the U.S., the first question is usually, “Where do we start?” Whether the company is considering an acquisition or opening a facility in this country, there are a number of things to know before stepping foot on U.S. soil. Here are some things to consider. Type of Entity Will the company be a Corporation, an LLC or something else? Each class of entity has its advantages and disadvantages, an... read more.

Removing the Veil

By Wiss, Posted in International Tax Services

How FATCA will affect your foreign financial dealings By Mary Vasilescu  If you have offshore financial interests or make payments to foreign entities, you need to know about the Foreign Account Tax Compliance Act, which removes the veil from foreign banks and other entities that enable U.S. citizens to evade taxes on assets accumulated in other countries. Foreign entities are required to satisfy payment documentation and reporting requirements. Lacking the cooperation of those entities, 30 percent o... read more.