Abalos & Associates
Abalos & Associates

Abalos & Associates, PLLC Releases Podcast on Foreign Ownership of U.S. Real Estate

Emily Dambrink, Senior Associate of CPA Firm, Discusses Tax Implications of Investing in American Property for Canadians and Other Foreigners.

Phoenix, AZ, October 30, 2011 --(PR.com)-- Sandy Abalos, managing partner of Abalos & Associates, PLLC (http://www.abaloscpa.com), has announced the release of an audio podcast on the topic of foreign ownership of U.S. real estate. In the podcast, Emily Dambrink, senior associate at Abalos & Associates, discusses the requirements for foreign investors to buy real estate in the United States and whether they need a special visa to own, remodel or rent that property, and the tax advantages and consequences of such purchases, including what conditions would cause a Canadian to be considered a U.S. resident for income tax purposes and required to file a U.S. tax return. Also discussed are whether the gain from the disposition by a foreign investor of an interest in a U.S. Real Property Holding Corporation is taxable, and why estate planning is an essential element for Canadians or other foreign investors wanting to buy and own U.S. real estate. The podcast is available for download at http://abaloscpa.com/newsworthy/podcasts.

“With the weak dollar and sluggish economy, some foreign investors see U.S. real estate as a potential gold mine to reap rewards without considering the considerable taxation they can face in pursuing the option,” said Abalos. “This podcast provides them – particularly Canadians – with insights about the major financial aspects they must weigh to determine whether investing in U.S. real estate is worth the time and expense in the long term.”

New Media Content:
Abalos & Associates Facebook page:

Abalos & Associates LinkedIn page:

About Abalos & Associates, PLLC:
Abalos & Associates, PLLC is a full-service, award-winning CPA firm in Phoenix that specializes in the needs of privately held businesses. Established in 1981, the firm employs a custom approach to service each individual client. Among the wide range of services it offers are business and technology consulting, accounting, tax planning, succession planning, estate planning, audit services, business cash flow management and litigation support. Abalos & Associates, PLLC is nationally recognized as a leader in public policy, legislation and privately held business issues, and has been consistently recognized among the top accounting firms in the state by Arizona Business Magazine. For more information, contact (602) 943-1984 or visit the website at http://www.abaloscpa.com.

Jennifer Fair
MMI Public Relations
(919) 233-6600

Abalos & Associates
Patty Briguglio