The Foreign Investment in Real Property Tax Act, better known as FIRPTA, has been put in place to make sure that foreigners owning real estate property in the U.S. complete and file the appropriate tax documentation in respect to the sale or transfer of that property. When a foreigner sells or transfers real estate here in America, there are various process and procedures outlined by the IRS that they must… Read More
Archives for February 2022
5 Major Reasons to Incorporate Your Business
For many entrepreneurs who are keen to start their own business, limiting their personal liability may be foremost on their minds, and one way of doing so, is by incorporating the business. While it’s true that incorporating does require more paperwork and expense than a sole proprietorship or a partnership, it can offer a whole host of significant legal and tax benefits. It’s also important to remember that by working… Read More