Remember to file as a foreign corporation in any state where you plan to do business, especially once you start acquiring property, to protect your corporate veil.Lastly, my Disclaimer: This is not legal advice. :)

I bought a investment property in a foreign country many years ago.

@Account ClosedIf you receive a gift from a foreign person of USD100k or more, you would need to file Form 3520 to disclose it but a receipt of a gift is not subject to income tax.

Hi Community,I was wondering if some of you are foreign investors here.

I'm a new (foreign) investor and just bought a new property in Detroit with cash as a first move.

A judge may completely disregard the offshore ownership and directly grab the asset that are in his jurisdiction ie the real estate.So, if you have a stock portfolio or own foreign real estate, by all means, if your threat model justify the cost of a foreign trust and its trustee, then use these offshore asset protection trusts.

This includes individuals who primarily have W-2 income from employment, basic investment income, and perhaps own a home or have standard deductions.Rental Property: If you have one or two rental properties and feel comfortable managing the related expenses and deductions, tax software can handle this level of complexity, especially if your transactions are straightforward and well-documented.Complex Scenarios: Hiring a CPAWhen to Consider: As your financial life becomes more complex—such as owning multiple rental properties, running a business, dealing with investment incomes, or having special tax considerations (like inheritance or foreign income)—the benefits of hiring a CPA increase.Cost Consideration: Hiring a CPA typically costs at least $1,000 to file your taxes, which can increase based on the complexity of your return.

Specifically:- Are there any exceptions or tax treaties that could eliminate or reduce my US tax burden on foreign rental income that is otherwise taxed locally?

I work with a lot of foreign folks who invest in multiple countries or live abroad.

I know not all states allow them, though I've heard that some investors will form it in a different state and then register it as a foreign series LLC in the state where you hold the properties.