Is “FIRE” (Financial Independence, Retire Early) a Scam?
Sorry for the click bait but I don’t think it’s possible to easily answer this question. What is patently obvious is that many of those
Category: Real Estate Investment
Rental Activity Loss Rules for Real Estate
Link to IRS website – https://www.irs.gov/publications/p925#en_US_2019_publink1000104581 Tax Adviser –https://www.thetaxadviser.com/issues/2017/mar/navigating-real-estate-professional-rules.html Summary Passive Activity Losses are not allowed – default since the 1980s Active Participation – $25,000 rental loss
Foreign Pensions of US Expats and Inbound Foreign Nationals: IRS Simplifies Reporting Rules For Certain Foreign Trusts
U.S. citizens and residents are generally required to file IRS Form 3520 to report their ownership of, or transactions with, foreign trusts. The potential penalty
FOREIGN Investors in US Real Property: FIRPTA WITHHOLDING CERTIFICATE
We have previously wrote on FIRPTA here – https://www.mooresrowland.tax/2015/12/firpta-update.html If the amount of the FIRPTA withholding tax (generally 15% of the selling price) will exceed
Determining Status for Estate Tax Purposes
Determining One’s U.S. Estate Tax Status The impact of the Estate Tax depends on whether an individual is a U.S citizen, a U.S resident or
Tax Planning on U.S. inbound investment
Acquisitions (from the buyer’s perspective) Tax treatment of different acquisitions What are the differences in tax treatment between an acquisition of stock in a company
The 2017 Tax Cut and Jobs Act and foreign real property taxes
While the cap on the deductibility of state and local taxes (SALT) under Sec. 164 imposed by P.L. 115-97, known as the Tax Cuts and
Tax Court Declines to Follow Rev. Rul. 91-32 – Important Development for Foreign Investors!
On July 13, 2017, the U.S. Tax Court (Tax Court) issued a 55-page opinion rejecting the long-standing position of the Internal Revenue Service (IRS) as
Trump Tax Reform Road Map Released
On Wednesday, September 27, several media outlets published a nine-page document in which the White House and Congressional Republican leaders – collectively known as the
FinCEN Targets Shell Companies Purchasing Luxury Properties in Seven Major Metropolitan Areas
The situation in the info-graphic above was the situation in January 2017. Now in August 2017, the net has been cast wider. See release below…
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