Nonresident Rental Income: Net Elections, Form 1040NR, Form 5472, Passive Losses, and Current IRS Campaign
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will cover the tax rules for nonresidents aliens (NRAs) owning rental property in the U.S. Our foreign tax expert will explain making the net election, Form 1040NR and other U.S. foreign reporting requirements, the current IRS initiative targeting these properties, and the limited relief available for missed net elections.
- Reporting U.S. rental income: Form 1040NR
- Net elections and missed net elections
- LLCs and additional foreign reporting requirements
- Property sales
- Current IRS campaign
Our international tax expert will explain:
- How and when to make a net election under IRC Section 871(d)
- When Form 5472 is required to be filed by nonresidents
- What relief is available for missed net elections
- What the IRS expects to find during its audits of foreign owned rental property
- Passive loss considerations for foreign owned rentals
Mishkin Santa, JD, LLM, TEP
International Tax Director
The Wolf Group
Mr. Santa focuses his practice on repatriation tax, as well as individual income tax compliance, estate, gift &... | Read More
Mr. Santa focuses his practice on repatriation tax, as well as individual income tax compliance, estate, gift & trust tax compliance, FBAR Assistance, foreign trust tax compliance, exit tax planning, EB-5 investor program, international assignment structuring and planning, offshore voluntary disclosure programs, foreign corporation (Subpart F, Transfer Pricing, E&P Studies), and asset protection planning. His client base includes U.S. citizens living overseas, U.S. nonresidents, EB-5 investors, U.S. domestic individuals and families, international businesses, international based families with investments in multiple jurisdictions and tax residency in multiple jurisdictions, U.S. citizens or residents who are beneficiaries of foreign trusts and who will receive gifts or inheritances from non-US persons, and trustees of trusts with U.S. grantors or U.S. beneficiaries.
Buy Live Webinar
Early Discount (through 12/18/20)
CPE credit processing is available for an additional fee of $39. CPE processing must be ordered prior to the event.
See NASBA details.
Live Webinar & CPE Processing
Buy Live Webinar & Recording
Includes special savings of $200 (through 12/18/20)
Live Webinar & Download
Live Webinar & DVD
$194 + $24.45 S&H