Foreign Individuals

CCH News Release

March 9, 2012

In the second part of this series, we discuss the U.S. tax filing requirements of a nonresident alien investor, and the various steps an investor needs to take in order to have a complete tax return. We also discuss the process of authorizing a CPA firm to handle an investor's tax return, and an overview of the various other forms associated with the U.S. Nonresident Alien Income Tax Return.

March 2, 2012

With strong performance in 2011, closed-end real estate funds still offer an attractive way for the foreign investor to invest in U.S. real estate.  Foreign investors considering investing in a closed-end fund have a complex set of rules to learn and several steps to follow to ensure they are properly complying with U.S. tax law.   In this article, the first of a three-part series, we hope to provide a helpful guideline for the foreign investor, with a general overview of what a closed-end fund is, a summary of  U.S. tax law, and a list of the steps that the investor needs to take to comply with U.S. tax law. 

Wade Wilson, CPA

To file or not to file?  Executors of 2010 estates have some decisions to make.  For individuals who died in 2010, the 2010 Tax Relief Act reinstated the U.S. estate tax.  Therefore, 2010 estates are subject to tax the same way estates of individuals who died prior to 2010 were taxed.  An election to opt out of the estate tax is available, but you must act before January 17, 2012.  Executors must carefully consider the tax consequences of each choice before making a decision.

Ashley Erwin, CPA

As you prepare to go back to your home country, your current year income tax return may cross your mind, but probably is not perceived as a priority for getting out of town. If returning permanently, you may be thinking that, at year-end or the beginning of the next year, you'll inform your CPA that you're no longer in the U.S. and you can move forward with your last U.S. income tax return.