Description

In this comprehensive session, we will dive deep into the latest IRS requirements and guidelines impacting property management and foreign ownership. Our expert panel will cover the following crucial topics:

Determining the Beneficial Owner: Understanding the IRS's latest stance on who must sign the Form W-8ECI and the criteria for identifying the beneficial owner. Learn the steps and considerations necessary for accurate identification.

Foreign Landlord Rules: Clarifying when these rules come into play and what they mean for property managers and landlords dealing with foreign investors. This segment will ensure you know when and how to comply with these specific regulations.

Property Manager Liability and Reporting: Outlining the responsibilities and potential liabilities for property managers under the current IRS guidelines. This section will help you understand your reporting requirements and avoid common pitfalls.

Executing Form W-8ECI: A practical guide on how to properly complete Form W-8ECI, including obtaining the necessary tax identification numbers. Ensure your forms are correctly filled out to meet compliance standards.

Single Member LLCs: Special considerations and requirements for single member LLCs in the context of IRS reporting and compliance. This part will cover the unique aspects you need to be aware of.

By the end of this session, you will have a clear understanding of the latest IRS requirements and practical knowledge to ensure compliance and minimize liability. This session is ideal for property managers, real estate professionals, tax advisors, and anyone involved in managing properties with foreign owners.

Join us to stay ahead of regulatory changes and ensure your practices are up-to-date and compliant.

Instructor

Susan Poskus heads a team of CPAs and staff that has more than 100 years of cumulative international tax experience. Susan’s work experience spans the globe with assignments in Europe, the Middle East, and Asia dealing with international executives and international corporate personnel on cross border tax issues and transactions.

Roberge Poskus International is the only certified public accounting firm in Florida that practices exclusively in the international tax area. The company is dedicated to servicing the special needs of foreign nationals investing in the United States and U.S. Citizens residing abroad. We have offices in Sarasota and St. Petersburg.

Our firm represents clients from all over the world and the U.S. in structuring the acquisition, operating and disposition of various types of business and real estate entities. We assist retirees purchasing a vacation home, multi-nationals immigrating to the United States, and a myriad of entities and structures in-between. We counsel U.S. individuals planning overseas business ventures. A significant portion of our practice involves providing tax advice to foreign persons for minimizing U.S. income and inheritance taxes.

**This class is being offered in the hybrid format. Upon registering you will have the option to select your preferred format.