Khan & Yau, PC Reliable & Responsive New York City Attorneys

July 2016 Archives

States called to shut down EB-5 program amidst concerns of fraud

The investment world is fraught with opportunities for wrongdoing. As a result, critics of the EB-5 program have voiced concerns that tying green card availability to investments in business opportunities in the United States would lead to problems.

New York's no-fault divorce option may reduce the cost of divorce

The Internet has put a wealth of information at individuals’ fingertips. From online informational resources to websites that allow individuals to file their taxes or submit legal paperwork, there is a vast amount that can be accomplished.

Unfriendly tax ramifications for same sex couples who divorce

The last several years have seen significant progress in equal rights for same-sex couples to get married throughout the country. With these great gains comes some welcome simplicity for same-sex couples who choose to divorce, but for those whose legal relationships were civil unions or domestic partnerships, the situation can still be a bit complicated. The law has yet to extend all the same tax exemptions enjoyed by married couples to those in non-marriage unions.

Are EB-5 investors vulnerable to fraudulent schemes?

The EB-5 program is a way for overseas investors to obtain visas after contributing $500,000 or more of their own funds into a business project approved by the U.S. Department of Homeland Security. Historically, such projects have usually involved commercial real estate, such as luxury hotels or resorts.