Does your business need a private letter ruling from the IRS?
Tax planning is crucial for the growth of any business. Unfortunately, there are situations where a business would like to engage in a transaction and the IRS has issued no guidance as to how that transaction should be treated for tax purposes.
Foreign Investment in Real Property Tax Act (FIRPTA) Withholding
The Foreign Investment in Real Property Tax Act (FIRPTA) is a federal law that requires foreign persons to pay taxes on their gains and income from U.S. real estate investments.
How to Obtain Your FIRPTA Refund Sooner?
If you are a foreign property owner planning to sell your real estate in the U.S., you should be aware that you may be subject to U.S. taxes on the capital gains from the sale.
Understanding the Role of an ITIN for Foreign Nationals: A Comprehensive Guide
Navigating the U.S. tax system as a foreign national can feel like a daunting task. Whether you’re a resident or a non-resident alien in the U.S., understanding the Individual Taxpayer Identification Number (ITIN)
What is a U.S. Real Property Holding Corporation?
It is not uncommon for a foreigner to invest in real property in the United States. When a foreigner acquires U.S. real estate, they obtain what are known as U.S. real property interests (USRPIs). Typically, if a foreign individual