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Foreign Investment in Connecticut Real Estate Continues to Grow

There is extensive growth of foreign investment in Connecticut (CT) real estate. Foreign investors are constantly on the lookout for various types of properties, such as commercial buildings, apartments, and single family homes. This investment will only increase as the real estate market continues to expand.

Unfortunately, many foreign investors are unable to understand the tax issues that are associated with investing in US real estate. Their concerns often include, but are not limited to, the followings:

• How will I be taxed at the federal level?
• How am I taxed at the state level?
• When are my tax returns due?
• Do I have to file any elections?
• How can I acquire a tax ID?
• How much does it cost to file my returns?
• Are there any tax strategies I can implement to lower my overall tax bill?

Foreign investors come across countless tax issues, including the ones listed above, and these concerns must be dealt with properly. Many tax professionals and CPA firms unfortunately do not seem to have what it takes to tackle these problems. We, on the other hand, have much experience in this sphere of tax filing, and are able to address and resolve any and all concerns you may have with our three-step process.

The first step of this process involves reviewing and discussing the client’s tax structure in order to better determine if changes need to be made to the tax structure. This step could result in a lowered tax bill, and possibly even a reduction in the red tape and filing requirements present in the tax filing system of the US.

Second, all of your relevant tax documents are reviewed. If applicable, we coordinate with your real estate property management company to acquire important income and expense information regarding your real estate investment(s). This step ensures that time is saved and the client has an efficient tax filing experience. Your settlement statements and all other relevant tax documents will be properly maintained and reviewed by our highly qualified tax specialists.

The final step in this process is to finalize your CT state and federal tax returns and review the results with you. To ensure that you are maximizing your tax deductions and minimizing your tax liability, your tax and real estate situation is again reviewed and analyzed. Our ultimate goal in any tax situation is to reduce your overall tax bill and ensure that your returns contain no “red flags”.

We have helped, and continue to help, many foreign clients with investments throughout the state of Connecticut. Our team of tax professionals is able and ready to assist you every step of the way. Do not fear the IRS or the state of Connecticut, for there are many options available to you at Sundin & Fish, PLC.

Any CPA has the ability to assist in pulling your tax documents together, but they may not be particularly experienced in handling the tax issues facing foreign investors. As a firm who is competent in dealing with your potential tax concerns, we are able to review your situation and tackle any and all of your foreign investment concerns. Call us today at 480-361-9400.

Serving the following CT cities and communities:

Abington   Allingtown   Amston   Andover   Ansonia   Ashford   Avon   Ballouville   Baltic   Bantam   Barkhamsted   Beacon Falls   Berlin   Bethany   Bethel   Bethlehem   Bishops Corner   Bloomfield   Bolton   Botsford   Bozrah   Branford   Bridgeport   Bridgewater   Bristol   Broad   Brook   Brookfield   Brooklyn   Burlington   Canaan   Canterbury   Canton   Canton   Center   Centerbrook   Central Village   Chaplin   Cheshire   Chester   Clinton   Cob   Cobalt   Colchester   Colebrook   Collinsville   Columbia   Cornwall   Cornwall Bridge   Cos   Coventry   Cromwell   Danbury   Danielson   Darien   Dayville   Deep River   Derby   Durham   East Berlin   East Canaan   East Glastonbury   East Granby   East Haddam   East Hampton   East Hartford   East Hartland   East Haven   East Killingly   East Lyme   East Windsor   East Windsor Hill   East Woodstock   Eastford   Easton   Ellington   Enfield   Essex   Fabyan   Fairfield   Falls Village   Farmington   Franklin   Gales Ferry   Gaylordsville   Georgetown   Gilman   Glasgo   Glastonbury   Goshen   Granby   Greens Farms   Greenwich   Griswold   Grosvenor Dale   Groton   Groton Long Point   Guilford   Haddam   Hadlyme   Hamden   Hampton   Hanover   Hartford   Hartland   Harwinton   Hawleyville   Hebron   Higganum   Ivoryton   Jewett City   Kensington   Kent   Killingly   Killingworth   Lakeside   Lakeville   Lebanon   Ledyard   Lisbon   Litchfield   Lyme   Madison   Manchester   Mansfield   Mansfield Center   Mansfield Depot   Maple Hill   Marble Dale   Marion   Marlborough   Mashantucket   Melrose   Meriden   Meriden   Middle Haddam   Middlebury   Middlefield   Middletown   Milford   Milldale   Monroe   Montville   Moodus   Moosup   Morris   Mystic   Naugatuck   New Britain   New Canaan   New Fairfield   New Hartford   New Haven   New London   New London NSB   New Milford   New Preston   Newington   Newtown   Niantic   Noank   Norfolk   North Branford   North Canaan   North Canton   North Franklin   North Granby   North Grosvenordale   North Haven   North Stonington   North Westchester   North Windham   Northfield   Northford   Norwalk   Norwich   Oakdale   Oakville   Old Greenwich   Old Lyme   Old Mystic   Old Saybrook   Oneco   Orange   Oxford   Pawcatuck   Pequabuck   Pine Meadow   Plainfield   Plainville   Plantsville   Pleasant Valley   Plymouth   Pomfret   Pomfret Center   Poquonock   Portland   Preston   Prospect   Putnam   Quaker Hill   Quinebaug   Redding   Redding   Ridge   Ridgefield   Riverside   Riverton   Rockfall   Rockville   Rocky Hill   Rogers   Rowayton   Roxbury   Salem   Salisbury   Sandy Hook   Scotland   Seymour   Sharon   Shelton   Sherman   Silver Lane   Simsbury   Somers   Somersville   South Britain   South Glastonbury   South Kent   South Lyme   South Norwalk   South Willington   South Windham   South Windsor   South Woodstock   Southbury   Southington   Southport   Sprague   Springs   Stafford   Stafford   Staffordville   Stamford   Sterling   Stevenson   Stonington   Storrs   Storrs Mansfield   Stratford   Suffield   Taconic   Taftville   Tariffville   Terryville   Thomaston   Thompson   Tolland   Torrington   Trumbull   Uncasville   Union   Unionville   Vernon   Vernon Rockville   Versailles   Voluntown   Wallingford   Warren   Washington   Washington Depot   Waterbury   Waterford   Watertown   Wauregan   Weatogue   West Cornwall   West Granby   West Hartford   West Hartland   West Haven   West Mystic   West Simsbury   West Suffield   Westbrook   Weston   Westport   Wethersfield   Whitneyville   Willimantic   Willington   Wilton   Winchester   Windham   Windsor   Windsor Locks   Winsted   Wolcott   Woodbridge   Woodbury   Woodstock   Woodstock Valley   Yalesville   Yantic