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Ownership of U.S. Real Estate by Nonresidents: Income Taxation During the Ownership Phase (4153017A)
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Nonresidents with U.S. real estate investments face income tax filing requirements and taxation of rental income. Make sure you understand the federal taxation of rental income; how to prevent federal income tax of 30 percent of gross (not net) income from rental; different holding structures; and compliance requirements related to what to file and when. Also, we'll discuss branch profits tax rules applicable to foreign corporations and methods for eliminating that tax.

7/14/2015
When: 7/14/2015
10:30 AM - 11:30 AM
Where: Webcast/Webinar
Presenter: Jurate Gulbinas
Contact: April Deneault
801-834-6634


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Nonresidents with U.S. real estate investments face income tax filing requirements and taxation of rental income. Make sure you understand the federal taxation of rental income; how to prevent federal income tax of 30 percent of gross (not net) income from rental; different holding structures; and compliance requirements related to what to file and when. Also, we'll discuss branch profits tax rules applicable to foreign corporations and methods for eliminating that tax.

  

Objectives: 

Identify the filing requirements for direct, corporate, partnership and trust holding structures.
Determine the branch profits tax and how to control it.
Recognize how to make the net election so rental income is taxed on net rather than gross income.
Identify withholding tax requirements that apply to different methods of owning real estate.

 

Major Subjects:

1120-F for foreign corporations holding real estate directly
1040NR: For foreign individuals holding real estate; for foreign grantor trusts; and for foreign nongrantor trusts
Withholding forms and requirements applicable to different holding structures

 

Designed For:

CPAs and lawyers.

 

Prerequisite: None

 

Advanced Prep: None

  

Speaker: Jurate Gulbinas

Vendor: CalCPA

Field of Study: Taxation

Level:  Overview

CPE Credit: 1 hour

Acronym: FIREP

 

Registration Fees:

Members: $35

Nonmembers: $50

 

Meet the Speaker:

Born and raised in Lithuania – a tiny-yet-beautiful country near the Baltic Sea. Moved to Los Angeles in 1996 after earning a BA in Lithuanian literature and a certificate in psychology from Vytautas Magnus University. Took an educational U-turn and completed an MBA (specializing in accounting) from National University in San Diego.

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