Tax Accountant and Bookkeeping in Sunny Isles Beach, FL

Sunny Isles Beach is a vertical city. Almost everything of economic consequence here sits inside the oceanfront towers along Collins Avenue, from Golden Shores up through Acqualina, and a large share of the work that reaches us from those towers involves owners who do not live in the United States full time. That single fact reorganizes the tax work: ownership structure, withholding, and reporting to the IRS about what is held abroad matter more than any local operating business.

Most engagements start by establishing two things: how you are treated for tax purposes, and how the unit is actually titled. A nonresident owner files differently from a resident, an LLC sitting between you and the property usually adds its own annual reporting, and rental income paid to a foreign owner can be withheld at the source unless the right election is on file. We sort that out before a return is prepared, not after.

The ongoing work is reporting discipline. Foreign financial accounts get reported on the FBAR once the combined balances pass the reporting threshold, and in the related foreign-asset reporting where its higher thresholds are met. A foreign-owned LLC picks up its own annual information return once there is any reportable dealing between the entity and its owner, and that category is broad enough to catch contributions, distributions, and the owner covering the entity’s costs, so most years qualify even when the unit produced no income. A sale by a nonresident brings FIRPTA withholding into the closing unless an exception or a withholding certificate applies, which is something to plan for at the closing table rather than discover afterward. We do this in Spanish, in English, and across time zones, which is how it usually has to happen here.