Services
REAL ESTATE INVESTMENT TAX & ACCOUNTING
Real estate is a dynamic business that involves complicated deals and reports.
You are aware of how tough the competition is and how economic slumps,
no matter how unexpected, can affect your earnings.
The reassuring aspect is that we're here to assist our clients in effectively managing the financial obstacles
that come their way when building a profitable real estate enterprise.
We can help you in preparing tax returns and comply with real estate tax law involving Lease,
leasehold improvement properties, Vacation home, Like kind Exchange and Depreciation recapture,
Passive Activity rules and so on no matter whether you are individuals or entities.
In the competitive realm of real estate, small businesses face the ongoing challenge of monitoring their finances and effectively managing their tax responsibilities to sustain profitability.
To ensure the success of your business in the local California market, consider partnering with us. Whether your business specializes in property management, development, investment,
or if you operate as a real estate broker or agent, we are fully prepared to cater to your real estate accounting and tax requirements.
By entrusting routine bookkeeping tasks to our team, you can remove them from your to-do list. We will maintain meticulous organization and accuracy in your financial records while offering specialized real estate accounting services such as 1031 exchanges, passive activity deductions and more.
Furthermore, we will generate customized financial reports, enabling you to pinpoint and eliminate unnecessary expenses and gain precise insights into the allocation of your funds.
REAL ESTATE INVESTMENT FROM JAPAN & OVERSEAS
While it may seem straightforward for Japanese and foreign investors to purchase real estate in the United States, the tax compliance and structure are exceptionally intricate and rely on various elements especially involving an international taxation.
These include the type of property being acquired, ownership, holding period, the use of the property, and the presence or absence of tax treaty between the United States and the investor's home country.
The Investor also need to realize the taxation rules are different between Japan, other foreign countries and U.S.
One of the initial decisions made by a foreign investor, which can significantly influence whether they will ultimately profit or incur losses, is selecting the appropriate entity for the property purchase.
We provide tax, accounting and consulting services for both individuals and entities residing outside the United States who invest in real estate in the United States.
The real estate industry is heavily influenced by tax regulations. Foreign investors (non-residents of the United States) purchasing real estate in the United States must comply with associated tax requirements and reporting.
For foreign investors, do not meet the criteria for becoming tax residents may categorize them as foreign non-residents for tax purposes, including both foreign individuals and business entities.
According to the definition of tax residents, as defined in U.S. tax law, residents refer to citizens, green card holders, and foreign individuals who meet the substantial presence test requirements.
The substantial presence test conditions are either (1) being present in the United States for a total of 183 days or more in one calendar year or (2) having a total presence in the United States of 183 days or more within the past three years.
Calculated as follows: the sum of days in the United States for the current year, one-third of the days in the United States from the previous year, and one-sixth of the days in the United States from the year before that, with each year's stay being at least 31 days.
If you fall into the category of non-residents, there are various considerations to take into account and it becomes even more complex.
We provide support for foreign individuals and entities investing in U.S. real estate and assists with the related tax matters that may arise.
We have a fluent Japanese speaker and are able to support in Japanese to overcome the language varior.