Owning rental property in the U.S. can be a rewarding experience but it does come with a responsibility to follow the related U.S. and applicable state and county tax laws.
These taxing authorities generally require foreign nationals owning a rental property to have:
U.S. Individual Taxpayer Identification Number
(Known as ITIN)
-
Form 1040NR, Non-Resident Alien Individual Tax Return
Personal Property Tax Return State Income Tax Return (if applicable) -
The United States Internal Revenue Service
requires non-resident aliens that own rental
or investment property in the United States
or engage in a trade or business in the United
States to report the income derived from the
real property or business.
Miscellaneous Tax Returns
Disclaimer:
Any tax advice contained in the body of this letter
was not intended or written to be used, and cannot
be used, by the recipient for the purpose of avoiding
penalties that may be imposed under the Internal
Revenue Code or applicable state or local tax
law provisions. |
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Office Hours
Monday - Friday
9:00 AM - 5:00 PM
In Orlando, Florida it is:
Saturday, 04 September 2010 03:20 pm EST |
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FOREIGN NATIONALS OWNING RENTAL PROPERTY IN THE U.S.