Simon Howell International Tax Specialist
Florida Vacation Home Specialist
Jerry Barker talks with Simon Howell international tax specialist about vacation home ownership in Orlando and what is the tax exposure, how to resolve annual filings, setting up an LLC, FIRPTA compliance, and the ITIN number you will need if you are a foreign national buyer.
0:00 Simon Howell and Jerry Barker
3:00 What tax does a nonresident need to file?
4:52 What is an ITIN#?
8:55 When should I start the ITIN process?
11:00 What is the process of getting an ITIN#
12:26 What income tax will you pay on rental property?
13:56 Are their taxes when you sell a vacation home?
15:35 The 15% withholding on a sale
16:33 Does FIRPTA protect the buyer?
18:35 – Can US taxes be offset by home country taxes?
20:10 – The benefits of an LLC
22:50 – Setting up and LLC
24:28 – List of services
25:51 – Property management ledger review
28:28 The Orlando Vacation Home Buyers Guide
Simon B Howell BSc(Econ)Hons, FCA
Chartered Accountant and IRS Enrolled Agent
Direct:+1 407-508-0986
e-mail:simon.howell@howellinternationaltax.com
Office: +1 407-245-7600
Fax:+1 407-965-5390
UK:+44 (0) 7753-814539
General email:info@howellinternationaltax.com
Web:https://www.howellinternationaltax.com
8701 W. Irlo Bronson Memorial Hwy, Suite 100,
Kissimmee, Florida 34747 USA