Foreign Investment in Arkansas Real Estate is Growing

There is always growth in the foreign investment sphere of the Arkansas real estate market. It seems that foreign investors crave a healthy variety of real estate, such as single family homes, commercial buildings and apartment buildings. A growing economy and real estate market has opened up room for expansion in all forms of investment, including that done by foreign clients.

However, foreign investors do not often understand the tax issues associated with foreign ownership in US real estate. They often have many important questions, including the following:
• How am I taxed at the state level?
• How will I be taxed at the federal level?
• How do I acquire a tax ID#?
• When are tax returns due?
• How much does it cost to have my return filed?
• Are there any elections that need to be filed?
• Are there any tax strategies I can implement to lower my overall tax bill?

Countless issues face the foreign investor in filing taxes with the US government, and these concerns must be resolved with the assistance of qualified tax professionals. Many CPA firms do not seem to have the experience and know-how of dealing with foreign client concerns. At Sundin & Fish, PLC, we operate on a three-step process for undertaking any issues our foreign clients may be confronted with.

The first step in this process involves reviewing and discussing the tax structure in order to determine if any alterations must be made to the overall tax structure. This step is important for potentially lowering the overall tax bill and possibly even reducing the red tape and filing requirements that exist in the US government tax filing system.

We then review all your relevant tax documents, and if applicable, coordinate with your real estate property management company to obtain the income and expense information for your real estate. This step saves time for the client, and allows for the tax filing process to be smooth and efficient. It is not uncommon for clients to have lost receipts and other tax documents. We make sure to maintain and review your settlement statements, as well as any other documents regarding your real estate.

Lastly, we finalize your AR state and federal tax returns and review the results with you. Your real estate and tax situation is examined a final time to ensure that your tax liability is minimized and your tax deductions are maximized. Each situation is different, but our goal is to lower your tax bill and make sure that your returns are reviewed for “red flags”.

We have many foreign clients with property—and many more looking to invest in real estate property—in Arkansas. Our team of experienced tax specialists is able and willing to assist you throughout the entire process of tax filing with the US government. There is no reason to fear the state of Arkansas or the IRS, for there are many options available to you.

Any CPA or accountant can help you pull your tax documents together, but many are not capable in properly dealing with foreign investors or knowledgeable in the issues they may be facing. As a firm who is competent in handling potential concerns with foreign investment, we are able to review your situation and tackle any and all of your tax problems. Call us today at 480-361-9400.
Serving the following Arkansas (AR) cities and communities:

Adona   Alco   Alexander   Alicia   Alix   Alleene   Alma   Almyra   Alpena   Alpine   Altheimer   Altus   Amagon   Amity   Antoine   Arkadelphia   Arkansas City   Armorel   Ash Flat   Ashdown   Atkins   Aubrey   Augusta   Austin   Avoca   Balch   Bald Knob   Banks   Barling   Barton   Bass   Bassett   Bates   Batesville   Bauxite   Bay   Bearden   Beaver   Bee   Beebe   Beech Grove   Beedeville   Beirne   Bella Vista   Belleville   Ben Lomond   Benton   Bentonville   Bergman   Berryville   Bexar   Big Flat   Bigelow   Biggers   Birdeye   Biscoe   Bismarck   Black Oak   Black Rock   Blakely   Blevins   Blue Mountain   Bluff City   Bluffton   Blytheville   Board Camp   Boles   Bonnerdale   Bono   Booneville   Boswell   Bradford   Bradley   Branch   Branch   Brickeys   Briggsville   Brinkley   Brockwell   Brookland   Bruno   Bryant   Buckner   Bull Shoals   Burdette   Byron   Cabot   Caddo Gap   Caldwell   Cale   Calico Rock   Calion   Camden   Camp   Camp Joseph T Robinson   Canehill   Caraway   Carlisle   Carthage   Casa   Cash   Casscoe   Cave   Cave Springs   Cecil   Cedarville   Center Ridge   Centerton   Centerville   Charleston   Charlotte   Cherokee Village   Cherry Valley   Chester   Chidester   Choctaw   City   City   Clarendon   Clarkedale   Clarkridge   Clarksville   Cleveland   Clinton   Coal Hill   College   College Station   Colt   Columbus   Combs   Compton   Concord   Conway   Cord   Corning   Cotter   Cotton Plant   Cove   Coy   Crawfordsville   Crocketts Bluff   Crossett   Crumrod   Curtis   Cushman   Damascus   Danville   Dardanelle   Datto   De Queen   De Valls Bluff   Decatur   Deer   Delaplaine   Delaware   Delight   Dell   Dennard   Dermott   Des Arc   Desha   DeWitt   Diamond City   Diamond Lakes   Diaz   Dierks   Doddridge   Dolph   Donaldson   Dover   Drasco   Driver   Dumas   Dyer   Dyess   Earle   East Camden   Edgemont   Edmondson   Egypt   El Dorado   El Paso   Elaine   Elizabeth   Elkins   Elm Springs   Emerson   Emmet   England   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