REAL ESTATE TAX PLANNING

Real estate tax planning is an essential part of financial planning. It involves structuring investments and transactions to minimize taxes on real estate income, capital gains, and other taxes associated with owning or investing in real estate. It can also involve the utilization of deductions, credits, and other strategies to reduce the overall amount of taxes owed. Real estate tax planning should be done by an experienced professional who understands the complexities of real estate taxation. This will ensure that all strategies are properly implemented for maximum benefit and minimize potential risks. Effective real estate tax planning can save significant money and allow investors to realize greater investment returns.

Enhance Your Sales Process By Providing Your US Nonresident Clients With Quality Tax Solutions

We have been helping real estate agents and title companies with their foreign national clients for almost 20 years.  Even the most experienced real estate professional will acknowledge that keeping up will all the complex IRS tax laws is a challenge.

International clients have very different tax filing requirements, than your usual US citizen.  If not done properly, your clients may face a large tax bill, penalties, or tax interests.

Don’t go thru the maze of IRS tax laws by yourself.  Use the help of our experienced international tax advisors.

Our Tax Solutions for Real Estate Professionals Include:

  • FIRPTA Tax Withholding Certificates

FIRPTA Tax Withholding Certificates are documents that are used when a foreign person or entity sells U.S. real estate. When this occurs, the buyer must withhold 10% of the sale price and remit it to the IRS for the seller’s taxes. The FIRPTA Tax Withholding Certificate requires information about the seller, including their name, address, social security number (or ITIN), and proof of non-U.S. residency status in order for the transaction to be completed without penalty or additional withholding requirements. This certificate is important for sellers of U.S. real estate because it helps ensure that they do not incur any tax penalties due to incorrect withholding amounts or lack of proper documentation when selling their property abroad.

For more information about our FIRPTA service, CLICK HERE

  • Forms 8288

Form 8288, U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests, is a form used by foreign persons who are disposing of a U.S. real property interest to report and pay the income tax withheld on the transaction. This form is generally required if the foreign person disposes of an interest in real property located in the United States or its possessions, including an undivided fractional interest in such property, and meets certain other requirements. It is important to note that this form must be filed with the IRS before closing or within 20 days after closing, so it is important to plan when disposing of a U.S. real property interest as a foreign person in order to ensure compliance and avoid any penalties or fees associated with filing late or incomplete forms with the IRS.

  • Forms 8288a
  • Forms 8288b
  • Help During the Sales Process
  • Provide Value to Your Organization by Providing Expertise
  • ITIN Tax Number Application

For more information about our ITIN service, CLICK HERE 

  • LLC Formation in any of the 50 US States

For more information about our LLC formation service, CLICK HERE 

  • Tax Planning
  • Tax Debt Relief
  • IRS Audit Representation
  • Full Tax Accounting Services

Call us at 407-344-1012 to schedule your consultation, or email us at [email protected].

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