This is a distant early warning to nonresidents with U.S. real estate investments. The warning applies more…
Tag Archive: nonresidents
Writing off carrying costs — for nonresidents
This is something that comes up again and again. Nonresident owns raw land (just dirt, nothing more…
The "net election" for nonresident landlords
This is for the members of my Foreign Investment in U.S. Real Estate Class earlier this more…
Real estate investors and tax returns
It’s a common theme: nonresident real estate investors in the U.S. on the one side, and the IRS on the other, tapping its little bureacratic foot, waiting impatiently for tax returns to be filed.
For nonresident investors in U.S. real estate, it’s not a question of IF tax returns are due. It’s only a matter of WHEN.
Reporting interest income paid to nonresidents (cont'd)
Currently, nonresidents can earn interest on U.S. bank deposits and the IRS isn’t told a thing about it. There’s a good reason for it: this helps U.S. banks compete internationally for deposits. The Treasury Department wants to change this. Here is an update to the story and a copy of the Treasury Department’s letter to the U.S. Chamber of Commerce about the situation.
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