Foreign National Selling the USA based Property
Foreign National Selling the USA based Property/receiving US Property Rental Income
Foreign National Selling the USA based Property/receiving US Property Rental Income
Jackie is a Singapore Citizen brought a US Property in Florida in year 2015 and have been renting out the property for 3 years, he was not aware of the ITIN requirement to declare his US rental income on 1040NR tax and later when he sold the property in 2018. The Escrow team withheld FRIPTA tax of 15% (on Form 8288A) on the gross sale proceeds, which could be haven avoided. Our team helped Jackie to obtain ITIN first and later assisted with the 1040NR filing to claim back the refund. Please refer to the FIRPTA tax video for more information on this topic.We are happy to assist our clients in a timely, efficient, & cost-effective way
We are one of the IRS Enrolled Agents with many years of experience in US 1040/1040NR personal tax compliance reporting and FATCA Compliance FBAR Reporting.
We are also IRS Approved Certified Acceptance Agent [CAA] with many years of experience dealing with types of ITIN Form W7 application and passport certification processes for US TAX ID.
