New Service For Foreign Tax Lien Investors

EAST STROUDSBURG, Pa. - March 29, 2013 - PRLog -- Here’s some help with Tax Lien Investing for Foreigners

It could be that the foreign investor just doesn’t know where to start. Or maybe don’t know how to find out about the online tax sales, or to do due diligence on properties. Or it may be that the new invstor just don’t know how to go about getting the 2 things that a foreigner or a foreign company must have in order to invest in the U.S.

1.  U.S.  tax identification number – this could be an Employee Identification Number (EIN) for a business, or an Individual Tax Identification Number (ITIN).

2.  U.S. bank account.

It used to be a simple procedure to get an ITIN number and a U.S. bank account. But since 9/11 and heightened homeland security issues, it’s become more challenging.

In the past, the foreign investor was able to simply apply for a ITIN number – but now the investor has to show that an ITIN number is needed before the U.S. government will give one out. That means that a tax return is needed. And in order to need to do a tax return, a business that makes income in the U.S must provide it makes money.

So now the investor must first form a U.S. corporation or LLC and get an EIN number, then show that an ITIN is needed in order to do a tax return. What used to be a simple process has become pretty complicated. The same thing has happened when it comes to opening a bank account. U.S. banks have made that process more difficult as well.

There Is A Solution

Joanne Musa, the Tax Lien Lady, has found a solution for foreign investors who want to invest in tax liens and tax deeds in the U.S. She states: “I found an attorney that will set up an LLC for you – in the state where you want to invest, and help facilitate getting your tax ID number and a US bank account. I’ll be unveiling this new service at my upcoming tax lien investing conference in Baltimore Maryland on April 26th” .

To find out more about The Tax Lien Lady’s 2013 spring Tax Lien Investing Conference, go to: http://www.taxlienlady.com/conference/.