Navigating Real Estate in Florida: A Comprehensive Guide to Taxes, Structuring, and Investment Strategies
Carlos Manuel Castellon, CPA has over 40 years of professional experience in tax and business advisory services. He frequently consults with foreign individuals and companies entering the United States with tax, financial, business, and immigration matters.
In this episode, Carlos addresses the most frequently asked questions foreign buyers have when purchasing real estate in the U.S., including:
Do I need a Visa to buy Real Estate in Florida?
Should I buy under my name or under an entity?
Should I finance my purchase?
What is the best structure to reduce income taxes when investing in Real Estate?
Since an LLC can expose me to an estate tax, how do we mitigate this?
Is there an estate tax at the State or Federal level for holding Real Estate?
What structure would eliminate the possible estate tax?
Do you pay a lot of income tax in the US?
Do I need to travel to establish an LLC or a corporation?
If I put a down payment on a pre-construction project signed under my name, how do I change it to have a structure that is more appropriate?
What is FIRPTA?
Is there a way to defer income taxes when you have appreciation and sell the property?
About Carlos:
Carlos Manuel Castellon, CPA, graduated from Florida International University (FIU) in 1982 with a bachelor’s degree in business administration with a concentration in accounting and taxation.
He began his career in public accounting in 1982 with KPMG, a "Big 4" international accounting firm. He then opened his own firm in 1987 and it has grown to become one of the most recognized Hispanic CPA firms in South Florida specializing in International Taxation. Castellon Halloun PL is a founding member of ICG-International Consulting Group, an alliance of tax professionals, attorneys, and consultants in more than 25 countries.
He has been a member and director of the following organizations:
Founder and president of ICG-International Consulting Group. ICG is an alliance of prestigious consulting, legal, and accounting firms with offices in over 25 countries in the Americas, European and Asian continents.
Board of Directors of Florida International University (FIU) Honors College
Board of Directors of the international committee of the Miami Chamber of Commerce
Director & Board member of Citrus Health Network: a non-profit mental health hospital
Member of the Cuban American Certified Public Accountants
Member of the American Institute of Certified Public Accountants (AICPA)
Member of the Florida Institute of Certified Public Accountants (FICPA)
Host: Omar De Windt
Guest: Carlos Castellon
Producers: Omar De Windt; Veronica Aizpurua
Art: Alberto Arevalo
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