Archive | Nonresident Aliens

When is the IRS foreign filing deadline?

If you were an employee and received wages subject to U.S. income tax withholding, file Form 1040NR by the 15th day of the 4th month after your tax year ends. A return for the 2013 calendar year is due by April 15, 2014. If you did not receive wages as an employee subject to U.S. […]

Partnership Tax

The Best Structure for Foreign Investors of U.S. Real Estate

Determining the proper entity structure can be complex. Any discussions surrounding entity structure should involve your accountant as well as an attorney. We will provide an overall discussion on some of the pros and cons of the various structures provided to investors. Individual Ownership A foreign investor may acquire real estate individually. This requires minimal […]

Foreign Investors: Understanding The U.S. Estate Tax Trap

Deceased nonresidents who were not American citizens are subject to U.S. estate taxation with respect to their U.S. based assets. U.S. based assets include American real estate, tangible personal property, and securities of U.S. companies. A nonresident’s stock holdings in American companies are subject to estate taxation even though the nonresident held the certificates abroad […]

Do I have to sign my tax return?

Please be aware that Form 1040NR is not considered a valid return unless it is signed. If you have someone prepare your tax return, you are still  responsible for the correctness of the return. You can have an agent (CPA or other tax professional) in the United States prepare and sign your return if you are […]

1031 Exchange

Tax Help For Swiss Investors of US Real Estate

At Sundin & Fish, PLC, we work with a variety of foreign real estate investors, including those from Switzerland. As US real estate investment continues to rise and develop, investors need to understand certain tax issues. Not only does this include the issue of annual filing requirements, but it concerns FIRPTA tax withholdings, as well. […]

qualified nonrecourse financing

Tax Tips: Nonresident taxation of US rental real estate

Resident and nonresident aliens are taxed in different ways.  Resident aliens are generally taxed in the same way as US citizens.  Nonresident aliens are taxed based on the source of their income and whether or not their income is effectively connected with a US trade or business.  A nonresident alien’s income that is subject to […]

Tax Tips for Chinese Investors of US Real Estate

In our practice, we have worked with many foreign real estate investors, including those from China. Certain tax issues must be understood by foreign investors as investment in US real estate continues to grow. This not only includes annual filing requirements, but also tax withholding upon the sale under FIRPTA. Those who are not citizens […]

Tax Tips for Japanese Investors of US Real Estate

In our practice, we work with a variety of foreign real estate investors, including those from Japan. As investment in the United States continues to grow, there are certain tax issues to be aware of as a foreign investor. This includes filing requirements, as well as tax withholding upon the sale under FIRPTA. If you […]

Real Estate Crowdsourcing

What if I use a trust or “Super Funds” to acquire the property?

Many Australians have a Discretionary Trust or a Super Fund Trust and use these trusts to acquire US rental real estate.  In most instances, these trusts are considered complex trusts in the US and will file separate tax returns.  They will have to get their own tax identification number (EIN) and are entitled to different […]

Tax Help for UK Investors in US Real Estate

Our accounting firm handles many foreign real estate investors, including those from the United Kingdom. There are certain tax issues that foreign investors need to understand as investment in US real estate continues to grow. These issues include not only annual filing requirements, but tax withholding upon the sale under FIRPTA as well. If you […]