Presentation and Q&A: Global Real Estate Transactions

What: Global Real Estate Transactions — Presentation followed by Q&A Time: Tuesday, January 14, 2014 from 1:00 PM to 2:00 PM Where: Malibu Public Library — 23519 Civic Center Way, Malibu, CA  90265 Host: Malibu Association of Realtors – Global Committee Phil will be part of a presentation and Q&A session along with Mitch Creekmore, […]

Make the net election once

Nonresidents who have U.S. rental real estate will usually make an election to have their rental income taxed as if they were residents of the United States. They do this because it results in lower income tax.  It results in lower income tax for a simple reason:  if they don’t make the election their rental […]

Speech to South Bay Association of Realtors

I just got back from a lunchtime speech to the South Bay Association of Realtors (that’s Torrance, Hermosa Beach, Manhattan Beach, Redondo Beach, etc. for those of you outside Southern California.  They’re having a week-long Certified International Property Specialist certification course.  I was part of the entertainment today.  Good time. I did the “FIRPTA in One […]

Net election procedure for foreign partners in partnerships holding U.S. real estate

Note: this is another answer for the accountants who took my all-day courses in Pleasanton in January. The “Net Election” is an election by a nonresident of the United States who owns U.S. real estate. This is an almost mandatory election for a nonresident investor. The default U.S. income tax paid by a nonresident on […]