Monterey Park Economic Development Update - May 12, 2022

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Global Summit - June 3, 2022

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Thank you for your participation in the Global Summit on Friday, June 3, 2022. On behalf of the West San Gabriel Valley REALTORS®, we would like to thank our association's moderators and distinguished speakers from international real estate organizations:  Chinese Association of Real Estate Brokers in Taiwan, Global Real Estate Association of Seoul in Korea, and Cameron Consultant Limited in Hong Kong. Moderators: ·        Tom Tseng, Global Business Council Chair   ·        Mauricio Capetillo, Global Business Council Vice Chair   Panelists: ·        Nancy Liao, Administrative Coordinator, Chinese Association of Real Estate Brokers, Taiwan ·        Dr. Jane Youn, President and Founder of Global Real Estate Association of Seoul, Korea ·        Nelson Li, President of Cameron Consultant Limited, Hong Kong   If yo...
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Virus Continues to Delay IRS Processing Of Foreign Investor Tax Returns/Refunds, ITIN’s and Withholding Certificates (Part 1)

By Michael W. Brooks, Esq. (michael@directsllp.com) Following up on our previous posts earlier this year, where we informed you the IRS employees in offices throughout the United States left those offices in late March, due to concerns about the virus (and stopped processing any foreign seller tax returns and paper tax returns for US taxpayers as well), we can tell you three and one-half months later that the IRS employees who process foreign seller issues and paper tax return refunds have still not returned to their offices to continue this work. While there have been numerous news reports about the IRS employees returning to their offices in June (and those reports were true in terms of answering phone calls and general operations), in terms of processing any paper tax returns (and issuing any refunds associated with such returns) and performing any function for foreign sellers of US real estate (we’ll go over those below), the IRS has not returned to work, and there appears to be no...
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