Providing The Right Answers To Your U.S. Tax Needs
Investing in the U.S. real estate market can be very rewarding, but the ever changing IRS tax laws can be very complex. We are a tax accounting firm with almost 20 years of experience helping foreign national investors with all their tax reporting matters.
Our goal is to design a custom tax plan so you can maximize wealth creation while also creating asset protection strategies.
We provide the following services for US Nonresident Investors:
- Domestic LLC Formations
For more information about our real estate LLC formation services, CLICK HERE
- ITIN Number Application (Individual Taxpayer Identification Number)
For more information about our ITIN application services, CLICK HERE
- FIRPTA Withholding Certificate
For more information about our FIRPTA service, CLICK HERE
- Immigration Services
For more information about our Immigration Services CLICK HERE
- Effectively Connected Income Elections (W-8 Series Forms)
The W-8 series forms are essential for effectively connected income elections. These forms provide taxpayers with the ability to make an election that can be beneficial when filing their taxes. In particular, this election is available to non-U.S. persons who receive U.S.-source income and are subject to withholding tax on that income. By making a properly completed W-8 series form election, these taxpayers can often reduce or eliminate their withholding tax liability and may even be eligible for certain treaty benefits. In order to make a valid election, the taxpayer must complete the form accurately and sign it under penalties of perjury. Furthermore, they must file the form with the payer as well as retain a copy of it in their records for potential examination by the Internal Revenue Service (IRS).
- Tax Planning
- Personal, LLC, and Corporate Tax Return Preparation
- Trust & Estate Tax Return Preparation
- Tax Debt Resolution
- IRS Audit Representation
- Tax Treaty Analysis
- S. Estate and Gift Tax Planning
- Quarterly Tax Reporting for Foreign Partnerships
Quarterly Tax Reporting for Foreign Partnerships is a requirement that applies to all foreign partnerships. It requires the filing of IRS Form 1065, which is an informational return that provides details about the partnership’s income, deductions, and credits. This form must be filed every quarter and is due by the 15th day of the fourth month following the end of the fiscal quarter. Additionally, Schedule K-1 forms must be provided to each partner in order to report their share of income, deductions, and credits from the partnership. Failure to comply with this requirement may result in penalties being assessed. Therefore, it is important for any foreign partnership to understand their obligations and file timely quarterly tax returns to avoid any possible issues or penalties.
Please call us at 407-502-2400 to schedule your consultation. You can also email us at [email protected]