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Originally Posted by lightworker888
We are in need of the services of a good accountant who is familiar with Canadians who rent out their place. Any suggestions would be appreciated as we have no knowledge of Florida and IRS regulations and need some guidance.
Thanks. LW888
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Since you own property in TV, I'm sure that you're aware of the 8840 IRS Form which needs to be completed by Resident Aliens (Canadians). The IRS Form is designed to ascertain whether you have a Closer Connection to Canada or the US for taxation purposes. The form asks many questions, i.e., do you have a US Drivers License, where do you vote, financial transactions in the US, etc.
If you cannot qualify for a Closer Connection to Canada, it is my understanding that there may be serious tax implications in the US ... i.e., double taxation. One of the reasons that we don't rent out our house when we're not in TV, is that we don't want to run afoul of the IRS.