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This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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FY2025 Special

Individuals&Single Member LLC : 10% OFF if you give us your materials by 3/15 Early Bird Special
New Company Tax Return ( C/S Corp, LLC ( Excluding Single Member ) 20% OFF


For more information AohamaTurtle@gmail.com

Due:Through 3/15
  • 青浜会計事務所
  • 1957 West Carson Street 105, Torrance (Old Torrance), California, 90501 アメリカ合衆国
  • TEL: +1 (424) 392-4195

Real estate business ( Rent )

For those who are in the real estate business in the U.S. or Japan

For those who are in Japan and have purchased real estate in the U.S. and are in the Rent business or are thinking of investing. Also, for those who are in the U.S. and have real estate in Japan and are in the rental business. The real estate business has become international, and we see many different patterns.

Corporate Form

When starting a real estate lending business, it is necessary to decide on a corporate form. If you are starting as an individual, a sole proprietorship ( Schedule E ) may be sufficient. LLCs and C Corp's are useful for two or more people. C Corp is currently attractive with a 21% tax rate, but requires a Distribution / Payroll process to transfer personal income ( to assets ). > Payroll procedures are required. Taxes ( double taxation ) will apply at that time. However, it is considered best for those who wish to regulate their personal income.

FINANCIAL

Some estates offer a service to prepare financial statements, but it is recommended that you have someone who is familiar with US GAAP check this for you. Some real estate companies offer financial statement preparation services, but it is advisable to have someone who is familiar with U.S. GAAP check and correct the basic items before filing a tax return.

Declaration

Fixed Assets ( Asset ) and Depreciation ( Depreciation ) It is very important to make sure that the information is correct. If this is not correct, there will be a major panic when the property is sold, inherited, or audited. If you are not a person with bright knowledge of these matters, you will have a hard time correcting the fact that the Rental Property is in Double Declining Depreciation, the Asset itself is not listed, or the Asset is not updated. We recommend that you check with a specialist once a year.


The information provided throughout this column is for general and educational information only and is not intended as a solution or legal advice for individual readers. Any questions regarding an individual reader's specific situation should be discussed with us in advance on a consignment agreement.



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  • Posted : 2025/02/04
  • Published : 2025/02/04
  • Changed : 2025/02/04
  • Total View : 230 persons
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