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HELP!! Paying Taxes
- ThirstyMan
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I'm UK citizen living in Middle East so no tax liability in UK (I have no property there etc). I do have a small property in US (Florida, student rented) managed by a management company on site.
I've had it about 10 years and in the 1st year of ownership the management company was audited and, as a result, I found out that I have to file for US taxes even though the rental amount is nowhere near the threshold to actually pay anything. I had no idea what to do so I employed an accountant that promptly charged me $800 to file two tax returns (me and wife as we are joint owners) and got me and wife tax payer numbers because neither of us have social security numbers. They did this for another 4 years and then I just didn't have the $800 they wanted every year to file a return.
That was 5 years ago. I still don't have that kind of cash to pay an accountant to file returns for those years. I have all the receipts from the management company.
What do I do?? Help me Obi Wan you're my only hope.
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We have some equities, retirement accounts, a mortgage, and our tax preparer told us to just do it ourselves. She said she was doing maybe $50 of work and had to charge us $300 for it, and it was one of our worst investments. We started doing it on our own 13 years ago.
It will still cost like $80 or $90 or whatever TurboTax charges for the property manager version. You should still have your older returns. It will walk you through how to pay your federal and state taxes (might be another $20 there, but check if FL has free tax forms outside of TurboTax’s racket). That’s it. You have your old returns as a guide and a very gentle software program to send you through the thickets of nonsense that are the US tax code. The return at the end should look like the previous, for the most part, or at least provide the context you need to make sense of it. You’ll know where the numbers come from.
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- ThirstyMan
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www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html
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- ThirstyMan
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- engineer Al
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- ThirstyMan
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Trust me, they don't give a fuck. They do, however, love to validate documents with a stamp that will cost you $75 a document.
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Go to www.irs.gov/forms-instructions
Find the forms you need
Print them out, fill them out and mail them in.
You will probably need to do the same with the state tax.
If you have copies of last year's taxes you should be able to figure out what forms you need.
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- ThirstyMan
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Basically, it's much harder as a foreigner. I don't pay State Tax because I don't live in US.
I think I'm going to have to bite the bullet and email the accountant. Even posting shit from here is really hard.
Ahh well, was maybe hoping someone here was an accountant or could recommend one with good knowledge of non resident alien status that isn't going to cost me and Tanya 2 months rent.
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- Sagrilarus
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ubarose wrote: Have you tried doing it the old fashioned way.
Go to www.irs.gov/forms-instructions
Find the forms you need
Print them out, fill them out and mail them in.
You will probably need to do the same with the state tax.
If you have copies of last year's taxes you should be able to figure out what forms you need.
Like, with a pen? Are you from the 1900s? Are paper copies even legal anymore? How the hell would he get it to the IRS?
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If you and your wife are filling separately, $400 each sounds like you are are getting a pretty good price, since a non-resident foreigner with rental property is definitely non-vanilla taxes.
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- ThirstyMan
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that makes me feel very slightly better. I contacted the old accountant.
Slightly more expensive from here as there is no postal service so everything has to be sent via FedEx. Hoping that e submission of 1040NR will be on stream soon.
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