Entries Tagged ‘tempe international taxation’:
filed in International Taxation on Jul.29, 2010
One part of FACTA imposes additional disclosure requirements on individuals. Beginning in 2011, U.S. taxpayers with an interest in any foreign account with a foreign financial institution will be required to report such interest on an information return when the aggregate value of the account exceeds $50,000. This new informational return will be attached to [...]
Tags: Arizona tax, casa grande international taxation, Casa Grande Tax, due diligence, FACTA, FBAR, federal tax, foreign account, foreign financial asset, foreign financial institution, foreign financial understatement, Foreign Tax Account Compliance Act, Form 1040, gross income, IRS, local tax, offshore accounts, recalcitrant account holders, scottsdale international taxation, Scottsdale Tax, state tax, statue of limitations, tax return, taxpayer, tempe international taxation, Tempe Tax, U.S. taxpayers
filed in Foreign Taxes on Jul.28, 2010
I am amazed what people you don’t know will tell you. Back in January, I was at a party making small talk with the people seated nearby. The man mentioned he had a business located here and in Australia. I asked him who was doing his taxes and he said he uses someone local in [...]
Tags: Arizona tax, casa grande international taxation, Casa Grande Tax, FACTA, federal tax, foreign account, Foreign Account Tax Compliance Act of 2009, HIRE Act, income tax return, IRS, local tax, sales tax return, scottsdale international taxation, Scottsdale Tax, state tax, tax return, tempe international taxation, Tempe Tax, U.S. income tax return, U.S. tax laws, U.S. taxes
filed in International Taxation on May.11, 2010
The depressed value of US real estate and the devaluation of the US dollar have created an attractive market for foreign investors seeking real estate bargains. Some look to make a quick profit by “flipping” the real estate while others become landlords. US persons that make payments to these foreign individuals need to be aware [...]
Tags: arizona international taxation, casa grande international taxation, certification, federal tax, FIRPTA withholding, foreign individuals, foreign investors, foreign landlords, foreign property, IRS, local tax, real estate, scottsdale international taxation, state tax, tax withholding requirements, tempe international taxation, US dollar, US taxes, withholding tax
filed in International Taxation on Apr.13, 2010
Dollar is weak in relation to the pound, US residential and commercial real estate prices are down, and the time is right for UK investors to be seeking out investments in the US.
If you chose to go down this investment path, after you are comfortable that you have made the best economic real estate decision, your [...]
Tags: advisor, arizona international taxation, casa grande international taxation, dollar, federal tax, FIRPTA, Foreign Investment in Real Property Act, Form 8288, gross process, high tax rate, international tax, investment, IRS, local tax, non resident corporations, non resident individuals, non-resident, pound, scottsdale international taxation, state tax, tax implications, tempe international taxation, United Kingdom, US Investments, US real estate, US Tax Entities, US tax ID number, US tax return, withholding tax
filed in International Taxation on Apr.08, 2010
You might not be considering this option; but more and more companies are turning to other countries for alternative markets during this economic downturn. The thought of moving to another country and living in that country for several years, may at first seem like a daunting prospect. However, there are many advantages to gain: learning [...]
Tags: advisor, alternative markets, arizona international taxation, bona fide residence test, casa grande international taxation, economic downturn, election, federal tax, foreign countries, foreign earned income exclusion threshold, green card holders, International Taxation, IRS, not tax jurisdiction, physical presence rule, residence test, resident alien, scottsdale international taxation, tax home, tax jurisdiction, tax returns, tax year, taxpayer, tempe international taxation, U.S. Citizen, US tax liability, US tax return
filed in International Taxation on Mar.09, 2010
The United States has entered into income tax treaties over fifty countries. Treaties serve to bolster trade and foreign investment. On certain types of income, treaties will reduce the rate of withholding tax that would have been applied to payments between taxpayers of two countries.
Absent a treaty, the US will generally impose a 30 percent [...]
Tags: 8233, arizona international taxation, Canada, casa grande international taxation, foreign investment, form 8833, Form W-8BEN, income, income tax treaties, IRS, profits, related taxpayers, scottsdale international taxation, shortfall, signed documents, taxpayers, tempe international taxation, trade, treaty position, U.S. business, U.S. Nonresident Return, U.S. Return, U.S. trade, U.S.-source fixed annual gains, U.S.-source fixed periodical gains, unrelated taxpayers, W-8 ECI, withholding tax
filed in International Taxation on Dec.17, 2009
Initial Stages:Depending on where you are in the process, deciding to purchase a second foreign property usually evolves something like this: One year you decide to rent a house in a quaint seaside village. Several years go by and you find you are continuing to rent various homes in the same village. You ultimately fall [...]
Tags: annual tax declaration, arizona international taxation, Arizona tax, casa grande international taxation, Casa Grande Tax, federal tax, Fideicomiso, foreign countries, foreign currency gain, foreign exchange gain, foreign investment gain, foreign property, foreign property owner, International Taxation, land purchase transations, local tax, long term capital gain property, monthly tax installments, preferential tax rates, real estate laws, renting, scottsdale international taxation, Scottsdale Tax, state tax, tax filing requirments, tax on sale, tax return, tempe international taxation, Tempe Tax, transfer tax, trust, US tax residents