by Leslie Marenco | Jul 6, 2015 | Articles, Income Tax, IRS, Real Property / Real Estate
When a foreign person sells U.S. real estate, he or she is subject to having 10% of the gross sales price withheld from the proceeds received at closing. This is a requirement under the Foreign Investment in Real Property Tax Act, known as FIRPTA. This 10% withholding...
by Leslie Marenco | Jan 8, 2015 | Articles, Asset Protection, Business/ Corporate Law, Estate Tax, Income Tax, Inheritance, IRS, Non - US Citizen, Probate, Real Property / Real Estate
Many individuals who live outside of the U.S. like to purchase real estate in America or invest in the U.S. Stock Market. It can be much safer than in investing in other parts of the world and often times the individual has children who have moved to America to live...
by Leslie Marenco | Oct 30, 2014 | Articles, Real Property / Real Estate
The Homestead Laws in Florida are a source of confusion for many people; my clients call me with questions all the time. First of all, in order to qualify as your Florida homestead, you and your home must meet three criteria: You must have legal or beneficial title...
by Leslie Marenco | Aug 20, 2014 | Articles, Asset Protection, IRS, Real Property / Real Estate
As illustrated by a recent tax lien case Gregory v. United States Department of the Treasury – IRS, everyone buying a piece of real property should use a reputable real estate Attorney to conduct a title search (and purchase title insurance) to avoid these...
by Leslie Marenco | Aug 18, 2014 | Articles, Income Tax, Real Property / Real Estate
Whether you have a lakeside cabin in Maine, or a ski house in Colorado, owning a vacation or second home can be a wonderful thing. It also could earn you some extra money if you rent it when you’re not there… but if you’re not careful, it also could...
by Leslie Marenco | Aug 15, 2014 | Articles, Asset Protection, Business/ Corporate Law, Real Property / Real Estate, Trusts
If you own real estate, chances are you have purchased insurance to protect your assets against damage or loss. But have you taken the necessary steps to protect your assets against lawsuits or probate? If you own rental properties, there is likely a nagging fear in...
