Our firm's only business is our clients' success. A South American investor intended to purchase several luxury condominiums in the Miami area. He would use one for his and his family's regular visits to South Florida while holding others for rental income and expected appreciation in value. The investor and his U.S. attorney approached us to assist in establishing the proper ownership structure and in preparing all necessary federal and state income and property tax filings. In order to avoid future problems with U.S. estate taxes (as well as to provide additional confidentiality), we advised using an offshore corporation to hold title to the condominiums. For the rental units we suggested the use of intervening U.S. corporations to reduce potential federal income taxes on the expected rental profits. In order to avoid mail delays due to the investor's frequent absences from Miami, the firm's address is used for all official correspondence and on all tax returns filed, allowing us to respond directly to any inquiries. We also introduced our client to a bank that works with many offshore investors and will be able to provide financing should the client wish to expand his U.S. investment. The structure created serves two significant purposes. It reduces the U.S. tax profile to as low a level as the law allows. More importantly, our client has a largely worry free investment - we timely prepare all required tax filings, promptly respond to any governmental notices and provide a significant comfort factor to the U.S. investment. © 2007, Mallah Furman. All Rights Reserved.   The CPA licensure designation is regulated by the State of Florida.   The CVA designation is regulated by the National Association of Certified Valuation Analysts.   Privacy Policy | Legal Disclaimer | Site Map