Jordan Accounting CPA can provide all tax services relating to foreign individuals or multinational companies doing business in the United States or abroad. We can prepare all the returns that the US government requires.
Foreign Residents who own US Real Estate US Residents who own Foreign Real Estate US Residents who own Foreign Corporations or Partnerships Foreign Residents who own US Companies
We can prepare forms:
5471 Information Returns
5472 Information Returns
8865 Information Returns
8804, and 8805 Information returns
1040 NR Non Resident Income Tax Returns
Jordan Accounting is also available to prepare Business plans to assist in obtaining visas.
Foreign Investors in U.S. Real Estate
When purchasing property in the U.S., many banks and title agencies require a U.S. tax ID number. This can be applied for with the IRS using form W-7 Application for Federal ID number. You can get the form yourself at the following web site http://www.irs.gov/formspubs/index.html or the staff at Jordan Accounting can assist you in preparing this form accurately to reduce the chances of delay.
If you do purchase a Real Estate property and rent it out, then you are required to file for 1040NR if you are not a resident of the United States. You may also have other forms to file annually depending in where your property is located.
You should be aware that in the U.S., if a foreign resident sells Real Estate in the United States, the IRS requires that 10% of the sales price needs to be withheld from the sale and sent to the IRS. There are ways to reduce this amount, but it must be planned out ahead of time. Baldwin Accounting can assist you in keeping this withholding amount to the minimum required under the law, which in some cases is zero.
Additionally, Jordan Accounting can prepare the following forms for you:
Form 1040NR Nonresident income tax return
County tangible tax returns
Application for Withholding certificate
If you need assistance with international taxes or information regarding foreign investing in the United States, please give us a call (407) 429-4938.
