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FIRPTA PANEL DISCUSSION: Las Vegas NV

GLVAR

 

The Greater Las Vegas Association of REALTORS® created the Global Business Committee in January 2012. The committee membership includes residential and commercial real estate professionals, most which have earned their Certified International Property Specialist (CIPS) designation and are helping clients from all over the world to find and purchase property in the Las Vegas valley. The international clientele of the members include both immigrants and investors who are looking for commercial, industrial and residential property.

 

I will have the pleasure of being featured on a panel of experts to discuss FIRPTA issues and Realtors on January 17th, 2018 at 11:00am.

Looking forward to seeing you there.

GLVAR  1750 E Sahara Ave, Las Vegas, NV 89104

December 14th, 2017|Events|

When Would I Provide a W-2 and 1099 Form to the Same Person?

W2 + 1099 FormA worker’s role determines which information return you would provide. You provide a Form 1099-Misc to independent contractors and Form W-2 to employees. However, there may be instances where a worker may be serving as an independent contractor and an employee for the same entity.

A Federal Tax court case, Ramirez V. Commissioner, stated, “that the fact that a person is an employee in one capacity does not foreclose the possibility that he can be an independent contractor with the same employer in another context”. Employers need to review the details of their payment arrangements with their employees to correctly classify them for W-2 and 1099 tax purposes. Some quick examples of people who correctly should be given both a W-2 and a 1099 in the same year are:

• An employee of a property management company also provides contractor/maintenance [Read More]

August 27th, 2017|Articles|

Amazon FBA and Your Taxes

Amazon Pic

Amazon through their FBA program, makes it easy for online sellers to operate an online store. It has in fact opened up the US consumer market to a lot of non-US individuals who may not be aware that they are creating an obligation to file US tax returns.

 

What makes FBA different?

Generally speaking Amazon FBA creates an agency relationship between you and Amazon, which makes Amazon your agent in the US. Under most tax laws that means you have a physical presence in the US and in a large number of states in the US because your agent (Amazon) is physically located in the US and in a number of states in the US.

I see this situation treated incorrectly a lot, because people tend to focus on the exclusion that is commonly available under tax treaties and tax statutes to [Read More]

March 18th, 2017|Articles|