BP's The Book on Tax (and Advanced Tax) Strategies

Member since 2020 · 19 posts · 5 votes

How relevant are these books to x-border tax situations?

I'm a Canadian, will be investing in the USA, and Taxation is the next step in my education process. Don't want to pull the trigger on a book that doesn't relate to my situation at all.

TIA

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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
6y
@Jared Comeau

Hi Jared - I think the book is good as it allows you to think of deductions that the average real estate investor may not think of.
The book also does a good job by saying the words in an easy to read language.

I don't think international concepts are taught in the book which is understandable. There are a lot of different concepts within tax. The only book to cover all tax concepts is the internal revenue code and that is a 10,000+ page book!

Regarding real estate taxation on an international scale - below are some items to consider yourself with.

1) ECI(effectively connected income)
2) FDAP(Fixed, Determinable, Annual, Periodic)
3) FIRPTA(foreign investment in real property tax act
4) Is there a treaty between the US and your host country
5) Do you need to apply for a US ITIN?

Good luck in your research!
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