IRS Audit Campaign Targets Nonresident Alien U.S. Real Estate Activities


On September 14, 2020 and October 5, 2020 the IRS announced the launch of two campaigns that would target the real estate investment activities of non US persons in the United States. The October 5, 2020  campaign focuses on NRAs receiving rental income from U.S. property and the requirement to comply with the Internal Revenue Code’s reporting and filing requirements. The IRS September NRA U.S. real estate campaign targeted compliance with the withholding and reporting obligations of the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA).

Why These Two Campaigns?

The purchase of U.S. real estate by foreign nationals is a major source of investment in the United States. Property sales to foreign buyers in 2019 totaled [Read More]

November 3rd, 2020|Articles|

Featured on American Dream TV show-FIRPTA Discussion

Take a look at my segment discussing FIRPTA issues.

July 29th, 2019|Press|

Phoenix Metro NARPM® Chapter-Handling International Clients and IRS compliance

March 29, 2018 @ 12:00 PM – 4:00 PM

Speaker: Richard Hart, President of Hart & Associates, EA, CAA

Join us for this informative session on handling international investors.  This session will consist of a proven and professional international tax accountant to answer your complex tax and compliance questions.  This interactive workshop will ensure that you will walk away with confidence to be a star to all your international clientele and provide you with valuable resources to utilize in the future As an added bonus, he will also have a question and answer session on how the new 2018 tax laws will benefit property management owners.

About the Speaker:

Richard Hart has earned a degree in Accounting and has since acquired experience putting his knowledge to work in the Construction, Manufacturing, Service, Restaurant, Banking and Real Estate industries for over 20 years.

He served as [Read More]

February 9th, 2018|Events|