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THAILAND
MALAYSIA
IRS Tax Reporting
Plantation Ownership with Simple Tax Reporting
Understanding that it was not easy for our USA passport holding customers to report their tree holdings to the IRS, we decided in mid-2023 to speak with the experts to see if we could create a better way for tree ownership.
On consulting a number of USA Tax Advisor companies we believe this is the most efficient way to own plantations for USA Expats around the world. Reporting this Share Ownership as a normal company ownership with your income being generated directly from this ownership.
There are a few guidelines which we have to ensure that you stay on the right side of, which then creates ease of reporting.
Why are we PFIC Free ?
A) 100% of the Profits for the Mango Partnership Company comes from your investment into your Mango Trees. The tree's fruits are harvested and then sold to generate your Profits - Regular Business Operations 100%.
B) The Mango Partnership Company has ZERO investments which produce income from earned interest, dividends, or capital gains.
C) The Maximum number of shares owned by One Individual USA Investor is Limited to 10% and the combined number of USA investors in a Mango Partnership Company is Limited to a maximum of 50% - Avoidance of Controlled Foreign Corporation.
10 Shares of the Mango Thailand Partnership = 1 Mango Tree at the Plantation.