House rent in Arizona Tax forms

[klaps]

Hi

We are currently Canadian Citizens living in Canada. We own home in Arizona and rent it now.What are the tax implications ( Canada as well as US) of doing so? With forms in Us we have to fill every year ?
The rent is paid by the city of Scottsdale.How much of the tax do they have to withhold every month,if any?

[Jerris]

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[jeremyhaase]

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[JGCA]

To the IRS you have to pay 30% of the gross but you will file a 1040NR at year end and remiitt the tax on the NET amount after expenses that should bring you up to date. For Arizona the tax could vary up to 3% and you must file it periodically with an AZ resident agent on your behalf and then file a non resident tax return at year end to see if you paid enough tax based on teh actual year end amounts. ( Like Canada )

In Canada you simply declare teh NET rental income on your T! and claim the tax paid to AZ and IRS as a credit.

[ND]

For AZ keep in mind deminimis amounts: If you are Single, Married Filing Separately or Head of Household and your Arizona Adjusted Gross Income (AAGI) is at least $5,500 or your Gross Income (GI) is at least $15,000 you must file. If you are Married Filing Jointly and your AAGI is at least $11,000 or your GI is at least $15,000 you must file. The filing requirements are explained at the beginning of the instructions on all Arizona income tax returns.

[ND]

JGCA - regarding this part of your comment "For Arizona the tax could vary up to 3% and you must file it periodically with an AZ resident agent on your behalf"

Can you please provide links for the source of this requirement of an AZ resident agent to withhold? I'd like to learn more about it. thanks!

[JGCA]

Look at the state of Arizona Home page and navigate towards the non resident taxation of rental income

[JGCA]

Jurisdiction and Service for Process, A.R.S. § 33-1309)

THis is the form required for the out of state agent available from the Arizona Secretary of State dept under Title 33 chapter 10 and Chapter 17 filing requirements for out of State landlords. It varies by county.

[ND]

Thanks.

I carefully read through A.R.S. § 33-1309 as well as te various articles within A.R.S. Title 33, Chapter 10 and Chapter 17. I also noticed that the highest rate is 4.54% tax.

However, I could not locate any reference to the law you described "you must file it periodically with an AZ resident agent on your behalf".

I understand that you've described that the NR rental income tax (you said ""For Arizona the tax could vary up to 3% ") must be periodically filed with an AZ resident agent. Can you please provide an exact link and exact cite (with article and section withtin Chapter and Title) that discusses that requirement? I'd like to learn about it.

I do understand the form filing requirement you've pointed out, although that's not what I was inquiring about with regards to your roiginal posted comment. That is not done to remit tax payment on the rental but to comply with this A.R.S. § 33-1309 law: If a landlord is not a resident of this state and engages in any conduct in this state governed by this chapter, or engages in a transaction subject to this chapter, he may designate an agent upon whom service of process may be made in this state.

Thanks.