Tax Questions for Foreign Investors Buying Property in Arizona

Foreign investment in Arizona (AZ) real estate is constantly growing. It seems that foreign investors crave a healthy variety of real estate, such as single family homes, commercial buildings and apartment buildings. With the turnaround in the market, this investment stands to increase in the coming years. All forms of investment, including that of foreign clients, will only continue to increase with our growing economy.

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:

Arizona Real Estate

Arizona Real Estate

  • How am I taxed at the federal level?
  • How am I taxed at the state level?
  • What is the due date for tax returns?
  • Are there any elections that need to be filed?
  • How do I get a tax ID #?
  • How much will I be paying to file a return?
  • Can my overall tax bill be lowered?

There is a plethora of issues facing foreign investors in Arizona real estate that needs to be addressed. Many tax professionals and CPA firms do not seem to have what it takes to properly address and resolve these concerns. At Sundin & Fish, PLC, we operate on a three-step process for tackling any issues our foreign clients may be facing.

First, we review and discuss the tax structure for the client and determine if there needs to be a modification to the 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 process ensures that you have a smooth, quick, and efficient tax filing experience. 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 AZ 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. 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 already help many foreign clients who have purchased real estate throughout the state of Arizona, but there is room for plenty more We have a team of tax professionals that can help you every step of the way. Do not fear the IRS or the state of Arizona, for there are many options available to you at Sundin & Fish, PLC.

Any CPA or accountant can help you pull your tax documents together, but many are not qualified to deal with foreign investors or experienced in the issues they may be facing. As a firm who is competent in dealing with these issues, 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 AZ cities and communities:

Aguila   Ajo   Alpine   Apache Junction   Arizona City   Avondale   Benson   Bisbee   Black Canyon City   Buckeye   Bullhead City   Bylas   Cameron   Camp Verde   Carefree   Casa Grande   Casas Adobes   Cascabel   Cashion   Cave Creek   Central   Chambers   Chandler   Chandler Heights   Chino Valley   Chloride   Cibicue   Clarkdale   Clay Springs   Claypool   Cochise   Colorado City    Coolidge   Cornville   Cortaro   Cottonwood   Crown King   Dateland   Dewey   Douglas   Dragoon   Duncan   Eagar   Ehrenberg   El Mirage   Elfrida   Elgin   Eloy   Fairbank   Flagstaff   Flagstaff   Florence   Forest Lakes   Fort Apache   Fort Defiance   Fort Huachuca   ort Mohave   Fort Thomas   Fountain Hills   Fredonia   Gadsden   Ganado   Gila Bend   Gilbert   Glendale   Globe   Golden Valley   Goodyear   Grand Canyon   Green Valley   Greenehaven   Greer   Guadalupe   Happy Jack   Hayden   Heber   Hereford   Higley   Holbrook   Hope   Hotevilla   Houck   Huachuca City   Hualapai   Humboldt   Indian Wells    Jerome   Kingman   Lake Havasu City   Lake Montezuma   Lake Powell   Lakeside   Laveen    Litchfield Park   Littlefield   Luke AFB   Lukeville   Marana   Marble Canyon   Maricopa   Mayer   McNary   McNeal   Meadview   Mesa   Miami   Mohave Valley   Mount Lemmon   Munds Park   New River   Nogales   North Rim   Nutrioso   Oatman   Oracle   Oro Valley   Overgaard   Page   Palo Verde   Palominas   Paradise Valley   Parker   Parks   Patagonia   Paulden   Payson   Peach Springs   Pearce   Peoria   Peridot   Phoenix   Picacho   Pima   Pine   Pinedale   Pinetop   Prescott   Prescott Valley   Quartzsite   Queen Creek   Red Rock   Red Valley   Rico   Rimrock   Rio   Rio Verde   Sacaton   Safford   Saint Johns   San Carlos   Sanders   San Tan Valley   Sawmill   Scottsdale   Second Mesa   Sedona   Seligman   Sells   Shonto   Show Low   Sierra Vista   Skull Valley   Snowflake   Solomon   Somerton   Sonoita   Sonora   Spring Valley   Springerville   Stanfield   Sun City   Sun City West   Sun Lakes   Sun Valley   Supai   Superior   Surprise   Tempe    Thatcher   Tolleson   Tombstone   Tonalea   Tonopah   Tonto Basin   Tortilla Flat   Tuba City   Tubac   Tucson   Vail   Verde Valley   Vernon   Waddell   West Sedona   White Mountain Lake   Wickenburg   Wikieup   Willcox   Williams   Winkelman   Winslow   Wittmann   Yarnell   Young   Youngtown   Yucca   Yuma

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