In this highlight episode, Kenneth Kastner shares his expertise in offshore US real estate investment. He covers potential challenges and technicalities that international investors face. Important topics include the need for ITIN and LLC, risk of dual taxation, and complexities of obtaining a bank account.
Understanding tax implications when partnering with foreign investors is crucial. Kenneth explains the need to withhold taxes, the FERPTA legislation, and how to calculate the quarterly withholding estimate for the IRS. The takeaway? It’s vital to have a tax professional on your team.
Brian Martinez, another real estate expert, joins us. He discusses tax consequences of investing with an IRA and distinguishes between 506C and 506B. He also highlights prohibited transactions in IRA investments, focusing on disqualified parties and non-permissible investments.
The episode concludes with a look at tax-free retirement strategies and wealth accumulation through retirement accounts. Ready to dive into the world of real estate? Don’t miss the full episodes. Click the links below to tune in. Your future self will thank you!
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https://lifebridgecapital.com/2021/04/25/ws917-ideal-strategy-for-tax-free-wealth-with-brian-martinez/
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https://lifebridgecapital.com/2021/04/29/ws921-navigating-the-us-tax-world-for-foreign-investors-with-kenneth-kastner/
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