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  • jagankola
    07-16 10:49 AM
    Just Signed





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  • manjunathrao_sl
    07-16 12:22 PM
    Signed





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  • walker15
    09-17 10:34 AM
    Nothing is happening(no audio, on mute), looks like they have not started the session and settling down for the hot session. I will update the proceedings accordingly ............
    Hope for the best.





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  • h1b_alex
    03-29 12:00 AM
    @Snathan how did you know he didn't call me here , are you one of the consultants yourself who does this filthy work of cheating people.

    I guess it was my employers discretion to make me sit home with him just not responding to my mails, i couldn't barge in to his office and say hey give me desk to work on? can i ?

    Anyways looking at the LCA agreement i think you don't seem to know what you are talking about, I am here holding his company's name on my H1B form , His agreement on LCA and his employment letter, i dunno if there is any other way i could make inroads into barging into his office?

    Now if he puts a security guard against me entering his office, shouldn't i report this to DOL too?



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  • smisachu
    01-21 10:20 PM
    smisachu,
    Thanks for that Info, here is my requirement
    I am on H1B and plan to have my own company as a trader to trade stocks.
    I will be the owner and wish to draw profits, may not have employee in my company for now(please advice, if i need to)
    I need inputs to know what type of company should that be (LLC, S Corporation.. e.t.c.)?
    Is it advisable to have a GC holder/citizen as partner?
    What form of income should i withdraw(salary/profits/dividends/Interest..) How is the income considered when i file my taxes?
    I am not aware of anyone who can sponsor my H1 as a trader atleast for now, if i get the right opportunity, i am open for that
    Thanks again

    1. If you want to trade stocks only, with your own capital ,then set up a LLC or C corp. If you trade other people�s capital then maybe become a RIA.
    2. If you form a llc you become a employee of your own company (say managing director, CIO etc) and sponsor your own H1.
    3. You can have a fixed salary and a draw, which is what a typical trader gets. Draw is a percentage of the profits you generate by trading.
    4. You don�t need a gc/Citizen as a partner.
    5. The company/fund makes money by trading securities and the earnings are retained by the company, you draw salary and bonus.
    6. You file taxes as a regular employee would.
    7. You might be able to get H1 from a day trading firm, a day trading firm is not a market maker. They trade company capital and typically you have to post some risk capital based on which they will provide you leverage and provide you with equipment etc. You don�t get a salary, just a draw.

    But let me ask you something; I am not aware of your expertise in the markets so forgive me if I sound patronizing.
    1. Do you have a seven figure capital pool? You will need at least 1MM if you want to make a living trading.
    2. Are you aware of the equipment and ECN and direct access software needed assuming you are technical trader.
    3. Do you have a prime broker who is going to provide you leverage and settlement? If you have not decided consider Interactive Brokers.
    4. What kind of risk management software will you be using?

    If you are in the NY/Nj area I suggest try day trading at a firm posting risk capital (typically 10K) then decide if you want to do this full time. It will also help sharpen your skills. If you want I can recommend a few. They will not sponsor H1 though, you will have to have some consultant do that for you.





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  • rheoretro
    09-13 03:47 PM
    Administrator - Please delete this posting immediately. It smacks of shameless racism, and we don't want our entire entire community to be tainted by this shameless guy.



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  • gcformeornot
    12-12 08:31 PM
    will you be a member? I would propose we charge a mere $25 fee for registering and then monthly contribution of say $25. Then we run special funding drives for lobbying when ever required. Will you be a paid member to come out of GC mess?

    Please participate in the poll.





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  • Last week, Anthony was traded



  • Raju
    07-19 04:29 PM
    Guys I know a lot of us contributed, please urge your friends, tell that what IV has achieved and the efforts/time/money spent by IV core. I am sure you will be able to convince atleast one of your friends.



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  • Tags: Carmelo Anthony



  • ryan
    04-22 10:14 AM
    This is truly unfair where country of birth determined who gets an 'Employment' based greencard before someone else. It can only be fixed by eliminating per-country limits.

    Yes it is unfair in some ways. Couple of my very close friends (who are also colleagues) --one is of Lebanese Origin, raised in Dubai, and the other, Taiwanese Origin, raised in Uruguay. They are in similar Finance positions as I (though I am a step senior) had the entire process, from the PERM, to card delivery, completed in 11 and 7 months, respectively. Whilst I am waiting the last 5+ years. It can get you down at times, and feels like living in a constant state of "temporariness". However life does go on :)





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  • WeShallOvercome
    11-06 04:00 PM
    I see only one problem in this logic! Many cases I know of, at least from the 2007 H1B fiasco, paid for the H1Bs through consulting companies FROM THEIR POCKETS. So to answer your question as to why companies would spend $5000 in anticipation, is that they don't. They take it from the applicant. (again I am not saying all do, but there are abusive companies that do).

    No cap on visa numbers will never fly... No political environment will be conducive to bringing in unlimited foreign workers without any restrictions. L1 has no caps because it is very difficult to qualify for an L1 visa, as far as I know. If caps in H1 are removed, you can bet there will be severe restrictions imposed on other aspects of the program.

    That's right. I personally know people who have been asked to pay INR 250K (About $6K) to get their H1B done. So the companies have nothing to lose. They just want to have an upper hand with readily available supply of H1B workers if and when an American client is looking for a consultant.
    They do this without spending a penny from their pocket and sometimes even make profit just by sponsoring H1Bs for people in India.

    As a result, genuine visa seekers are denied a chance to get in and start working right away.



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  • BharatPremi
    12-13 10:11 PM
    anyone can start a thread, if you need help doing it, you may wish to ask politely and someone will tell you.

    why so? ask yourself. read your own comments. and let us all know how you have helped the process of ending YOUR retrogression.

    i have reviewed every post you ever put on iv. i don't see any deleted post.
    so you may want to think again. hardly anything is deleted around here. otherwise a lot of intemperate stuff that's posted would disappear.


    ultimately it comes to this: if 25,000 members show no interest in contributing in a fund drive (barring the minuscule 500 who did), what's the point in being "friendly". hey- iv is you and me. there is nothing else. no building, assets, stocks. I or aman or pappu or logiclife and every other core member and iv leader are just like you. we have jobs and families to take care of. we are afflicted by immigration retrogression- like you.
    we have put in time, money and effort at great cost to our personal lives. i wish i could "like you" to that one too.

    if "members" are willing to make this their organization their own- if there is to be this sense of involvement and ownership, then we will succeed. if not, if the attitude for the most is going to be "why should i" and "nope i am not contributing" and "how dare you ask" and "i have free speech" and "why doesn't iv do xyz for me" and "why should logiclife use this and that tenor" and "why did abc say def to me" and "i demand respect" and the best "these are my 2c but don't ask me to lift a finger to do this- iv should do this" then forget it. won't happen. because that IV you are imagining doing wonders and making miracles is YOU.

    let me take this opportunity to thank everyone that participated in the fund drive, joined state chapters, met lawmakers, took initiatives to start state groups, ran the funding threads and contributed in any other way.
    you are guys are true assets to iv- in fact you are the true iv. kudos to you!

    Paskal,

    First time I am seeing you angry.:)





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  • 485Mbe4001
    11-14 11:50 AM
    Lou Dobbs was in Orange County this weekend as a Keynote speaker at the The World Affairs Council of Orange County. He launched into his usual vitriolic diatribe, there were many business leaders at the forum and he ended up polarizing the crowd. Some felt that he is all talk with no practical real life experience managing companies, his ideas are over the top and cannot be implemented. He never ran or lead a fortune 500 company or held a major political office, yet he critiqued the very organizations who sponsored tables for this dinner. A few did get carried away by his speech, i have to say that the crowd at the back was cheering wildly for him while the executives in the front were subduded. BTW this person with socialist leanings has hefty appearance fees.

    We would be better off not wasting our time on him or rebutting his indirect accusations, he is playing to his crowd. We should play to ours.



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  • anilsal
    11-15 02:41 PM
    Why do people spread the false propaganda that H1Bs do not pay taxes? This is utter nonsense.

    This is one place where wrong information is provided.
    http://www.zazona.com/ShameH1B/Library/Archives/SaveSS.htm





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  • sobers
    02-21 11:47 AM
    I sincerely believe NASSCOM should not ask Bush to raise H1B cap while he is there. It will create unnenecessary rukus in the U.S. media, and critics may contend that foreign institutions are trying to influence US immigraton policy.
    Anyone with contacts in the Sofware Industry/NASSCOM please contact them (and Karnik) to let them know this will be counter-productive at this time. I'm not sure what these guys are thinking, sitting in their offices in Bangalore:(


    Social Secuirity Reform for H1Bs is, on the other hand, a genuine financial concern and should be tackled immediately.

    ------------

    Indo-Asian News Service

    Bangalore, February 21, 2006


    The National Association of Software and Service Companies (Nasscom) will take up the issue of enhancing the H1-B visa cap for Indian IT professionals during US President George W Bush's upcoming visit to India.

    The present annual cap of 65,000 H1-B visas for Indian professionals was far too low and needed to be raised substantially to meet the growing industry demand, Nasscom president Kiran Karnik told reporters in Bangalore on Tuesday.

    "Though there are no great issues with the US, we are concerned with the existing cap on H1-B visas, which continues to trouble us," Karnik said.

    He added, "This is something even the US corporations are concerned about and share with us."

    "We intend to take up the issue with President Bush during his forthcoming visit to India (March 1). Since the US administration too understands our needs, we hope they address it."

    "Indications are some moves are afoot in this direction," Karnik said on the sidelines of the second Sino-India software industry cooperation summit.

    Recalling how the number of H1-B visas for Indian professionals touched a peak of 195,000 annually not long ago, Karnik said the Indian IT industry would be comfortable if the cap was more than doubled from the present level.

    "We are looking at a cap substantially high enough to bridge the demand-supply gap. We want market forces to be the deciding factor as the Indian IT industry is the major user of the H1-B visa," Karnik pointed out.

    The other major issue worrying Nasscom is the social security system or totalization agreement for Indian professionals working in the US under H1-B visa.

    "Even the high fee structure for H1-B visas is concern for us because Indian professionals are made to pay up taxes for social security without any benefit. Since the H1-B visas are only for three-to-six years and social security benefits flow only after 10 years, Indians stand to lose out on them," Karnik lamented.

    To overcome the problem, Nasscom has suggested the US government could refund the tax deducted under the social security system at the end of the work permit on the lines of some European countries.

    "We are not against the deduction per se. Collect the social security tax, but refund the amount when the person leaves for home, as is being done by some Scandanavian countries like Finland and Sweden," Karnik affirmed.

    In fact, Nasscom is in talks with more countries to introduce a similar tax system for the benefit of Indian IT professionals going abroad on work permit visas for onsite work or executing projects over a long period.
    Nasscom also plans to bring to Bush's notice the urgent need to hasten the process of issuing H1-B and L1 visas.

    "We are not against safeguards for L1 visas, but new restrictions should not be adverse. We agree L1 visas should not be misused. But the process should not take too long," Karnik said.

    While H1-B visas allow companies incorporated in the US to employ professionals from overseas, L1 visas is more temporary in nature and is issued for transfer of an employee from overseas to the US.

    In this context, Nasscom hoped the opening up of a US consulate in Hyderabad soon would benefit the Indian IT firms in reducing the time taken to process their visa applications.



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  • black_logs
    04-18 01:32 PM
    mrajatish, Thanks for taking the initiative, we have thought about such a drive in the past but later on gave up because the transaction fees on 25 dollars comes to about $4-$5, which is almost same for $50. But yes if people can just spare $25 than even $20 which comes to IV is good enough to reach the target.
    How about this - let us have a couple of volunteers call/email people asking for $25 contribution. If we can get 1/2 of 3000 people contributing $25 each, we will get to about 120K. I am ready to take initiative in this - core group, can I get this initiative going?





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  • chintu25
    07-14 12:41 PM
    PLEASE POST HERE IF ANY TV NETWORK IS COVERING THIS EVENT LIVE ????????:cool:



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  • anilnag
    03-10 06:09 PM
    Thanks for the excellent info on pending applications. Now we can guess why EB3I is crawling for past few years.
    With regular quota of 3000 per year EB3I (until July 2007) will be cleared in next 20+ years.





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  • vikram2101
    08-22 03:28 PM
    I like your response, really -- I think it's frank and hits upon what it means to be Indian at heart.

    BUT, when one makes a decision to immigrate - he/she's not just making that decision for himself - but also for his/her spawns and the future generations to come. Is it fair for us to rob them of (well, i know most american born desi kids don't care a rats ass about going/being in India) - what it feels to be an Indian at Heart? what it 'Really' feels like to be watching/talking cricket/movies on 'em gullies, what it's like to be eating gaadi chaat, what a festival should really feel/look like .. and a bunch of other stuff- -that happens only in India.

    not trying to discount anyone's opinions .. it's just the internal dilemma that needs addressing

    Ofcourse, the world is getting smaller - faster than ever. The next generation of american born desi kids may well be more desi than their indian counterparts .. some food for thought :rolleyes:





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  • zigma
    04-19 02:55 PM
    Net Income is calculated after expenses (such as administrative and Salaries) have been deducted.
    Net Income = Gross Income - Expenses

    It is on Net income that the company pays taxes.
    A company does not pay anyone from their net income. This is the profit.





    nat23
    11-15 03:47 PM
    I do not mean to be negative, but this immigration debacle does not seem to end. How long do we have to freaking endure this nightmare? IV has been trying for months now...When do you think we will have immigration relief? Are we just going to end up being like thirsty deers in a desert chasing a mirage in search for water?


    Are there any astrologers in the forum? Does any astrologer see the retrogression ending soon?

    Viva

    Relax !

    There is a saying in Hindi which goes like this:
    " Kismat se zyada aur waqt se phele kabhie kissi ko khuch nahi milta"

    CIR will come through. We just have to be patient and keeping pushing for our demands. The whole country acknowledges that immigration system needs to be fixed. I'm sure something good will come out of all the efforts.

    Cheers
    Nat





    justAnotherFile
    08-20 11:57 AM
    StuckInMuck thanks for the awesome compilation. I have a follow-up question to the guru's on forum.

    I did an AC21 before my GC got approved. I did this on my EAD card and when I joined I filed my I9 form for taxes. Now after getting GC do I need to renew my I9 form or the old one stays valid?

    Also since I am not with my GC sponsoring employer do I still need to follow the 6 months rule with my current employer since date of approval?

    Also can we move this compilation to IV Wiki?

    #1 You need to update the I-9 form of verification because previously you employment authorization was the EAD card now your employment authorization is the GC card.

    #2 First of all there is no 6 month rule. Secondly even if theoretically there is a undefined period it does not apply to you anymore since you are no longer with your GC filing employer.