Nonresident Alien filing passive income tax

Joined
Sep 30, 2018
Messages
1
Reaction score
0
Country
Turkey
Hello everyone,

Pleased to be part of this forum, and hope to contribute in the future with my experiences.

My situation is . My wife is a US citizen and I am a foreigner. I have three properties in Florida since 2017 generating rental income, however I have not filed income taxes since I have been confused and just getting to it. My residency is pending and hopefully should resolve in the following months and hopefully I should have a SSN number soon. Since I thought I'd file 2017 income taxes when I get my SSN i waited, however the journey has been long waiting for my residency.
Now 2018 tax year has come up, I want to file last years income and this years income. My wife is unemployed and we are maintaining our life in the US through the income of the properties.
Now, my questions are;
1)I was recommended to open a LLC to collect rent on behalf of the company so that I could deduct expenses, is it because nonalien residents can't deduct expenses (since they dont have an SSN?)
2) Am I able to deduct expenses when I get my SSN ? (i am very confused about this, and have no clarity on upon searching the internet)
3) I am the head of household, and we've just had a baby . Should I claim my wife and baby on my tax income?
4) How much of a penalty will I have to pay for not filing last years taxes (since i neither had a ITIN nor SSN)

Any clarity would be appreciated about these questions,

Thank you in advance and Kind regards
 

Werner Reisacher

VIP Member
Joined
Jun 30, 2017
Messages
236
Reaction score
27
Country
Netherlands
How can you be "the head of household" for tax purposes if you are married, and why did you not apply for a SSN when you applied for a residency visa? And who told you that non-alien residents cannot deduct expenses?
What you need is competent Tax and immigration advice from a professional - urgently.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,742
Messages
27,787
Members
21,737
Latest member
DevinCiz

Latest Threads

Top