TLCA International Tax and Energy Savings Seminar on March 4th

Long Island, NY: Telugu Literary and Cultural Association (TLCA) is organizing an International Tax (IFRS) and Energy Savings Seminar on Friday, March 4th, 2011 at 6:30 PM at Beth Page Library, Plainview, New York. TLCA President Vikram R. Jangam, Secretary V. Nagendra Gupta said in a press release. The event is free for all Telugus and every one is invited.

Program Course Title: International Tax & Energy Session - special emphasis on US-India accounting & tax issues. A new frontier of green technologies - energy opportunities and cost savings

Duration: 90 minute session

Location: Plainview-Old Bethpage Public Library
999 Old Country Rd, Plainview, NY 11803

Time:7.00 to 8:30 pm

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 for willful negligence. Recent cases include UBS, HSBC and Indian Businessman in NJ and several others. IRS fines and penalties collected is the highest in decades.

Learn about new opportunities in the new frontier of Energy, Operating cost-saving & energy tax credits and rebates

Speakers of the Event:
Philips (USA) - Leading energy experts
Cecil Nazareth CA, CPA, MBA - Leading international accounting & tax expert

Agenda:

i). International tax (Indo-US taxes) - 45 min

1. International transactions and what you should know and who is watching you
2. Undisclosed assets outside the US - especially India
3. Foreign bank account reporting (FBAR) -Stiff Penalties
4. Amnesty - Voluntary disclosure
5. Getting your global financial house in order - especially Indian assets

ii). Energy - the new frontier - Opportunities and Costs Savings/Rebates - 45 min

1) LEVERAGE - tax and rebate incentives to fund a capital investment
a) Cost segregation
b) Energy efficient building deduction
c) Utility rebates

2) GENERATE - positive cash flow from day one
a) Cash recovered from tax and rebate incentives
b) Financing program

3) DESIGN - an improved visual space
a) Trained lighting experts

4) REDUCE - operating costs
a) Reduce kilowatt hours
b) Reduce maintenance cost

5) SHRINK - carbon footprint by reducing
a) Carbon dioxide emissions
b) Mercury content

It has never been more affordable to upgrade your building energy efficiencies and never more costly not to upgrade. You will learn the importance of partnering with a team of tax and energy experts to deliver a turnkey solution to lower your energy costs.

The Telugu Literary and Cultural Association (TLCA) of NY, NJ, CT is one of the earliest Indian Associations in North America started in 1971. The TLCA was formed with the primary goal of promoting the Telugu Literary and Cultural Activities in the Tristate area.