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How to get back withholding tax from IRS (and not pay extra prep fees if you own US property rental)

  • Daniel Gray CPA US Tax Services Toronto Canada
  • Jul 20, 2018
  • 1 min read

Do you have any other USA source income or tax withholding in the current year? Has a US payer, such as a casino, a bank or financial institution withheld tax on payments to you (such as interest, dividends or winnings and possibly issued you a Form 1042-S or Form 1099)? In many cases the US payer over-withholds because you’re often entitled to a treaty benefit of a lower tax rate

You can claim a refund of that over-withholding on a tax return (our office prepares such returns).

You're in the above situation and you're already annually filing a US return to report US property rental income/loss or sale income/loss? Combine your reporting onto the same return as your rental income return. (our office prepares such returns)


 
 
 

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