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The information and filing deadlines covered below are specific to the State of Florida. If your property is located in another State please contact our office for information relating to that State.
All properties located in Florida, which are rented for periods of less than six months, must register to collect and pay Sales and Use Tax with the Florida Department of Revenue, and Tourist Development Tax to the Tax Collector for the county in which their property is located. A Hotel License should also be obtained from the State and a Local Business Tax receipt from the County.
Annual Tax Return filed to IRS
All foreign owners of US property, whom receive income from their property where IRS withholding has not been applied, must file a 1040NR US income tax return. The US tax year runs January to December and the tax returns are due to be filed to the IRS by June 15th the following year. Automatic extensions are available until October 15th, but these only extend the filing due date, not the tax payment due date. If income tax is due to be paid and this is not paid in full by June 15th late payment penalties and interest will be applied to the tax due.