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Baldwin Accounting CPA,P.A. 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
Baldwin 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 Baldwin
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, Baldwin 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) 363-0890.
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