Tag Archives: Real Estate

California Real Estate and Cannabis

August 14, 2017  |   Posted by :   |   International Investors   |   0 Comments

In January 2018, California is preparing to license the cannabis businesses. Investors view cannabis (aka “pot” or marijuana) as a “Pot of Gold”. Real estate values explain why: currently, in Sonoma County an acre of planted wine grapes according to realtor, John Bergman is valued at no more than $200,000. In contrast CNBC reports in […]

Read More »

Global High Net Worth Investors: Money Laundering & Luxury Real Estate

July 13, 2017  |   Posted by :   |   International Investors,International Tax Planning   |   0 Comments

In July 2016 the US Treasury Dept. expanded its pursuit of international criminals who launder money (hide the illicit funds) through all cash US luxury real estate purchases. According to the NY Times, nearly 1/2 of luxury real estate nationwide is purchased using shell companies. Effective August 2016 the US Treasury Department has ordered title […]

Read More »

The IRS and Married Couples: Real Estate

June 15, 2017  |   Posted by :   |   International Tax Planning,IRS Tax Audits   |   0 Comments

Two new cases in 2017 have been recently decided by the US Tax Court, which involves married couples with Real Estate: 1. Asad, TC Memo. 2017-8: Husband & Wife who each owned rental property deducted large losses on their joint tax returns. They later divorced. As per the divorce agreement, the divorced couple wanted to […]

Read More »

Tax Evasion and Money Laundering: US Real Estate

January 21, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

On 1/13/16 the New York Times reported that the US Treasury Department will start tracking secret buyers of luxury real estate in New York City (residences over $3m) and Miami-Dade County (residences over $1m) under a new US Treasury Dept initiative effective March 2016-August 2016. If Treasury Dept finds many sales involving suspicious money they […]

Read More »

Asset Protection – LLCs and Real Estate

April 01, 2013  |   Posted by :   |   Asset Protection   |   0 Comments

“FIRPTA Withholding” (Tax Withholding U.S. Real Estate) The sale (or other disposition) of U.S. real property interest by a foreign person (transferor) is subject to a tax withholding of 10% of the amount realized in the disposition (35% of gain recognized by foreign corporation on distribution to its shareholders), under FIRPTA (Foreign Investment in Real […]

Read More »