MIAMI—All developers have to navigate IRS reporting requirements. Foreign developers—and buyers—have an even more complex landscape to navigate.
GlobeSt.com caught up with Alan Lips, a partner at Gerson Preston Robinson, to get his thoughts on the topic. In case you missed our previous exclusive chats with Lips, go back and read: What's Driving Chinese Investors to Miami?; Attorney: Cesspool of Legal Issues in Cuba CRE; and A Word of Advice for Foreign Investors.
GlobeSt.com: How are developers navigating current IRS reporting requirements that require they report buyer deposits as income?
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