SMEC Members Meeting July 28th

July 28th 2011 : SMEC Members Meeting

We take this opportunity to invite all members and Guests to this interactive SMEC Meeting

This would be opportunity for the members to Network, Interact and know about the proposed plans of SMEC.

 Meeting Agenda
  • International Tax - special emphasis on US-India accounting & tax issues. By Mr. Cecil Nazareth ACA, CPA, and MBA
  • Discuss on the latest immigration issues which includes consular issues and priority datesconference call with Rajiv S.Khanna - Law Offices of Rajiv S. Khanna, PC

(We would like to follow the schedule as mentioned hence we request all the invitees to come on time to make it successful event).

Venue Conference Room- 2nd floor 50 Crag wood Rd South Plainfield, NJ - 07080
Date July 28th
Time 2.00 PM to 6.00 PM

Please confirm in advance your attending which facilitate in arrangements

InternationalTax Program: International Tax - special emphasis on US-India accounting & tax issues. Why you should attend? All Indian-Americans with foreign (outside the US) bank accounts in India Foreign Bank Account Reporting (FBAR) and financial and other assets IRS has imposed strict penalties for US citizens/residents for not reporting foreign bank information, financial asset and penalties as high as 50% of the bank balance and possible jail sentence for willful neglect. IRS fines and penalties collected is the highest in decades. Discussion Leader: Cecil Nazareth ACA, CPA, MBA - Indian Chartered Accountant & US CPA - Leading international accounting & tax expert. Advices CPA in US and CAs in India. One of the first Indian-Americans with Ernst and Young Agenda: International tax (Indo-US taxes)

  • International transactions and what you should know and who is watching you
  • India-US tax treaty
  • Undisclosed assets outside the US - especially India
  • Foreign bank account reporting (FBAR) -Stiff Penalties
  • FBAR Amnesty - Voluntary disclosure by August 31, 2011
  • Getting your global financial house in order - especially Indian assets including income producing assets

Leave a Reply

Your email address will not be published. Required fields are marked *