Extreme tax technical question for host at home and abroad

John6526
Level 1
Guate, Guatemala

Extreme tax technical question for host at home and abroad

Hi! 

 

I have a very technical question that I am having trouble navigating as no body seems to know.

 

So I began to invest in another market outside of the US. I have multiple citizenships for this very purpose to invest and grow internationally. Now I am launching multiple turnkey units out of Guatemala, and I have bank accounts and citizenship for Guatemala. But the app is asking for US tax information. I am US born, but my question is, can I create it to only be a Guatemalan entity? and the reason on top of that is that I am now receiving multiple units to be managed from other home owners in Guatemala and I don't want that full gross earning from those units I only charge a percentage from to reflect on me as if I am earning the full amount. any strategy? I am also launching more units in the states and may need to separate them in two separate accounts? I use PMS platforms with ical so I will have to apply this to Expedia Group as well. Any feed back is greatly appreciated! best wishes!

 

 

Best regards, 

 

John

2 Replies 2
Helen3
Top Contributor
Bristol, United Kingdom

Why don't you speak to your tax adviser/accountant @John6526 

Mike-And-Jane0
Top Contributor
England, United Kingdom

@John6526 As a US citizen (unless you have renounced said citizenship) you are liable for US tax wherever in the world the money is owned. If you are running listings for others then any money you remit to them is effectively a cost to your business and not taxable but you will have to create the requisite forms to prove this'd ensure the owners pay the right amount of tax.