US Rental Income Β· Form 1040-NR Β· FIRPTA | IRS Certifying Acceptance Agent
Apply Now β $99Saudi nationals who own US rental property must report rental income to the IRS. The standard approach is to file Form 1040-NR (non-resident alien income tax return) and elect to treat rental income as effectively connected income, enabling deduction of property expenses.
This requires an ITIN. Additionally, your property manager or tenant should file Form 1042-S to report rental income paid to a foreign person β which requires your ITIN.
No. Saudi Arabia has no income tax treaty with the United States. Standard 30% withholding applies to US-source income unless you file a W-8BEN with your ITIN.
ITIN processing takes 8β14 weeks after the IRS receives your Form W-7. ITINPlus submits directly as your Certifying Acceptance Agent (CAA).
$99 flat fee for a new ITIN application. Renewals are $199. You can add EIN formation for $50 extra.
No. As a CAA, ITINPlus certifies your passport copy so you keep your original. Documents are handled via email.
IRS Form W-7 (Application for IRS Individual Taxpayer Identification Number). ITINPlus prepares and files this on your behalf.
Without treaty protection, rental income is generally taxed at graduated US tax rates (effectively connected income method) or 30% withholding on gross income. An ITIN + Form 1040-NR filing enables the more favorable effectively connected treatment.
Apply online in minutes. Our CAA team handles everything remotely.
Apply Now β $99 +1 (305) 216-6992