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Updated over 1 year ago,
Can anyone recommend a CPA + a few key structuring questions
Hi everyone! Canadian citizen here living in Ontario, Canada!
I'm looking to start i) buying rentals, and ii) doing real estate wholesaling in the United States but I'm a bit stuck on getting the initial US/Can structure set up.
I've heard many conflicting ideas, including some people saying I can't bypass the withholding tax with an ITIN and some people saying yes, different entity structures, etc.
I have a few questions for anyone who would be kind enough to answer!
1. Can you recommend a cross-border tax preparation person/company, maybe a CPA?
Hopefully, someone who's not crazy expensive since I'm just getting started, please! :)
2. What kind of structure should I do to be as tax-efficient as possible?
I've heard of setting up an LP holding company (LLC general partner at 1% and me limited partner at 99%).
3. If I get an ITIN number and file some IRS form, can I bypass the 30% IRS tax withholding?
4. Can you recommend a registered agent in Wyoming to use for the new entities in the US structure?
Looking forward to hearing from you guys, thanks so much!!