For example, a
specialist could assess how much of a $ 2,500 maximum
on interest
deductions you are eligible for, and calculate those potential savings into a college budget.
To keep it easy, hire a cross-border tax
specialist to walk you through allowed
deductions and to show you how to obtain an ITTN number required for U.S. tax identification.If you go the DIY route, be aware that without meticulous records you could be subjected to a 30 % holdback by the IRS
on your annual rental income.