16 Jan Navigating IRS Compliance for Property Managers and Foreign Ownership: Essential Guidelines and Best Practices Navigating IRS Compliance for Property Managers and Foreign Ownership: Essential Guidelines and Best Practices Thursday, January 16, 2025 (10:00 AM to 11:30 AM) Zoom Live-Stream In-Person, Professional Development Details You're Registered! DescriptionLocationInstructors In this comprehensive session, we will delve into the latest IRS requirements and guidelines impacting property management and foreign ownership. Key topics covered will include: Determining the Beneficial Owner: Gain insight into the IRS's latest stance on identifying the beneficial owner for Form W-8ECI compliance. We'll guide you through the steps and considerations necessary for accurate identification. Foreign Landlord Rules: Understand when these rules apply and their implications for property managers and landlords working with foreign investors. This segment will clarify how and when to comply with these specific regulations. Property Manager Liability and Reporting: Learn about the responsibilities and potential liabilities for property managers under current IRS guidelines. We'll cover reporting requirements and common pitfalls to avoid. Tax Implications of Recent Hurricane Events in Florida: Review the latest IRS provisions for property owners impacted by recent hurricanes. Understand tax relief opportunities and compliance adjustments that may apply for property managers and owners in disaster-affected areas. Executing Form W-8ECI: Get a practical guide on correctly completing Form W-8ECI, including obtaining the necessary tax identification numbers to ensure compliance. Single Member LLCs: Explore special considerations and IRS requirements for single-member LLCs, particularly in the context of foreign ownership and compliance. By the end of this session, you’ll gain a clear understanding of recent IRS updates, practical knowledge to ensure compliance, and insights into minimizing liability. This session is ideal for property managers, real estate professionals, tax advisors, and anyone involved in managing properties with foreign owners. Join us to stay informed on regulatory changes and maintain up-to-date, compliant practices. Zoom Live-Stream Zoom Live-Stream Susan Poskus