I would like to know if my solution to the following is reasonable (and doable).
My clients are an elderly couple who reside in Lima, Peru. They have no income and have not needed to file a US tax return since 2008 or thereabouts.
Last week they sold their Miami condo. The seller withheld $16,725.00 for taxes under FIRPTA requirements. The condo's basis plus the sale's closing costs result in no income or capital gains taxes being owed.
The client would like to get their refund sooner than later...meaning not waiting to file a year from now. Can I file a 2016 1040 along with a completed Form 1128 (to change to a fiscal year)? We would include my client's copy of Form 8288-A to show the withholding.
Or, is there a more correct/better way to do this?
I do not believe this can be electronically filed so would I mail the return to the service center serving Florida?
My clients are an elderly couple who reside in Lima, Peru. They have no income and have not needed to file a US tax return since 2008 or thereabouts.
Last week they sold their Miami condo. The seller withheld $16,725.00 for taxes under FIRPTA requirements. The condo's basis plus the sale's closing costs result in no income or capital gains taxes being owed.
The client would like to get their refund sooner than later...meaning not waiting to file a year from now. Can I file a 2016 1040 along with a completed Form 1128 (to change to a fiscal year)? We would include my client's copy of Form 8288-A to show the withholding.
Or, is there a more correct/better way to do this?
I do not believe this can be electronically filed so would I mail the return to the service center serving Florida?
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