I am an investor from Australia with a few doors in Toledo & Akron. I am looking for a RE focused CPA that has experience assisting foreign investors. My previous accountant sold his business & the new owners haven't been that responsive, hence looking for a new one.
We have partners who are foreign investors. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with foreign investors.
CPA| New Clients Welcome| 50 States · Member since 2016 · 430 posts · 93 votes
8mo
@Raj P., hi. For a non-U.S. investor with U.S. rentals, you want a responsive RE-focused CPA who regularly handles nonresident filings, foreign-investor rules like withholding/FIRPTA on sale, FDAP vs ECI, proper rental tax treatment, and U.S. entity + state/local filings. Also confirm they can handle foreign-owned LLC reporting and ITIN needs, with a smooth workflow across time zones for bookkeeping and year-end tax.
Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 897 votes
8mo
International and foreign investor taxation is really a specialization of its own. There are a lot of unique rules and compliance requirements that don’t apply to U.S.-only investors, and missing them can be costly. I’m only touching the tip of the iceberg here, but beyond commonly known items like FBAR reporting, there are forms such as Form 3520 (and many others) that foreign investors need to be aware of, along with additional reporting, withholding, and structuring considerations.