Vaster Capital is committed to providing informative content to assist our potential foreign investor audience. Nothing is more imperative, as a foreign national, than to understand the framework of taxation and legal issues surrounding their decision to purchase investment real estate in the U.S.
Part II of our tax and reporting guide will cover FIRPTA Withholding and FinCen Reporting.
NOTE: THIS BLOG IS NOT INTENDED TO GIVE ANY TAX ADVICE, BUT RATHER TO HIGHLIGHT THE MAJOR AND EXPENSIVE PITFALLS OF FAILURE TO TAX PLAN AS A FOREIGN INVESTOR IN REAL ESTATE. ANY FOREIGN INVESTOR IN REAL ESTATE SHOULD CONSULT WITH AN EXPERIENCED TAX ACCOUNTANT AND/OR TAX ATTORNEY TO PROPERLY STRUCTURE THEIR TRANSACTION TO PROPERLY COMPLY WITH U.S. TAX LAW AND MINIMIZE TAX LIABILITIES.
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the U.S. Internal Revenue Service, we inform you that any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of (1) avoiding tax-related penalties under the U.S. Internal Revenue Code or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.
This Article was written by Larrea & Ortega, Attorneys at Law.