You have just bought a property in Florida and you will have to pay your taxes in America.

You will have to pay your Real Estate Tax. This tax is paid every year, by March 30 at the latest. You can save money by paying the tax in advance (November -4%; December-3%; January-2%; February-1%).

If you are an investor, you will file your income tax return with the IRS.

Buying real estate through a company

Buying through an LLC (Limited Liability Company) is the most commonly used in the United States. There are many advantages to buying through a corporation :

• Allows you to protect your assets against any legal proceedings.

• Simplifies the transfer of assets

• No personal liability for the company's debts

• The company is directly managed by the partners

When to open an LLC

When the Offer to Purchase is signed, an attorney or accountant will take care of the formation of your LLC. It is important to obtain the EIN (Employer Identification Number) from the tax authorities. This number will allow you to be taxed and to open a bank account.

At the time of the contract to sale, it will be necessary to warn the vendor that you buy in your name but that you could substitute yourself for a company.