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Month: May 2015

DEADLINE LOOMS FOR SMALL RETIREMENT PLANS

DEADLINE LOOMS FOR SMALL RETIREMENT PLANS

Don’t forget that certain small businesses which failed to timely file required retirement plan returns in recent years have only until June 2, 2015 to take advantage of special penalty relief offered last year via Revenue Procedure 2014-32. The relief offered under this Revenue Procedure is only available to the plan administrator or plan sponsor of (1) certain small business (owner-spouse) plans, and plans of business partnerships, and (2) certain foreign plans.

That Feeling of Being # 755,632 in Line for a U.S. Green Card

That Feeling of Being # 755,632 in Line for a U.S. Green Card

One of the least well understood aspects of U.S. immigration law is the visa “preference” system. The underlying issue is easy to understand: In certain categories where a family and employment relationship qualifies a non-citizen for a green card, the number of green cards (“immigrant visas”) that can actually given out per year is capped by law. For example, only 23,000 visas are available annually to the unmarried sons or daughters of a U.S. citizen who are over age 21,…

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