We can advise our clients on US Taxation and Reporting issues, for domestic and non-resident clients, both individuals and corporations. We can provide assistance with Federal, State and Local County reporting requirements. We can also assist in your international tax affairs due to the international experience accumulated by our owners.
We offer comprehensive training in QuickBooks & Peachtree and we also offer monthly book-keeping services to our corporate clients. We also offer our experience to people relocating their business and their family to the central Florida region. We can assist with company formations, preparation of business plans for immigration purposes, and also assistance with compliance with the requirements of the taxation system.
We offer comprehensive training in QuickBooks & Peachtree and we also offer monthly book-keeping services to our corporate clients. We also offer our experience to people relocating their business and their family to the central Florida region. We can assist with company formations, preparation of business plans for immigration purposes, and also assistance with compliance with the requirements of the taxation system.
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A nonresident alien is defined for federal income tax purposes as an individual who is neither a U.S. citizen nor a resident of the United States ie. If you are a nonresident alien and rent out your vacation home for more than 14 days of the year, US tax laws require that a tax return, (form 1040NR) be filled out annually to account for the income earned from such rental activity.
INDIVIDUAL TAXPAYER IDENTIFICATION NUMBER (ITIN NUMBER)An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service.
It is a nine-digit number that always begins with the number 9 and has a 7 or 8 in the fourth digit, example 9XX-7X-XXXX.The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).
It is a nine-digit number that always begins with the number 9 and has a 7 or 8 in the fourth digit, example 9XX-7X-XXXX.The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).
This return is based on the value of the furnishings/fittings/appliances in your rental property and any additions during the year. Rental properties are considered a business and therefore, are required to pay a separate tax on these assets. This tax is a separate tax from your annual property real estate taxes, which are based upon the value of your property and land.
The United States of America IRS requires that any non-resident who sells an interest in US real property is subject to a FIRPTA withholding tax. FIRPTA applies to what it defines as a U.S. real property interest, which includes not only interests in land, but interests in buildings, mines, wells, crops and timber as well.
If you purchase a home in Florida, you will pay ad valorem or "property" tax based on the taxable value of the property. Ad valorem taxes are assessed by the county property appraiser that your property is located and collected annually by the county tax collector's office. Non-ad valorem assessments are also made on real property for essential services, such as fire protection and garbage collection.
Reviews (1)
Innovative Realty
Feb 02, 2021
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We've been working with Breen Accounting for several years now, and are happy to recommend them to any of our investment clients that are seeking tax preparation services or assistance with obtaining ITIN's. Angela and Derek are knowledgeable, responsive, and truly want to help their clients. We highly recommend working with them!
