Credentials of Senior Management
Richard Merrill Kahn
Managing Member/ 35+ years experience FIRPTA Expert
Accountants, most attorneys and closing agents are generally UNfamiliar with the intricacies of FIRPTA. They often make errors that become costly and time consuming for Foreign National Sellers seeking reduced withholding, timely confirmation of their money with the tax agencies, efficient tax filings seeking maximum allowable refunds, the obtaining of ITINs in expeditious manner and working out difficult case resolutions or IRS oversight methods. Your tax returns can be filed by an experienced CPA.
LICENSED CAREER PROFESSIOAL 45 years.
FIRPTA Refunds, LLC. (2021 - ) Richard has been in charge of FIRPTA services at the various firms he has worked for since Congress gave FIRPTA teeth in1984 as a result of the Deficit Reduction Act that forced mandatory withholding and remittance.. Richard now offers foreign nationals worldwide selling domestic USA real property and those parties involved in the process (Realtors, Attorneys, Closing Agents, Buyers and Foreign Sellers) his exclusive personal services in their FIRPTA transactions. Exceptional work, reasonable prices, personal highly experienced attention.
Managing Partner, Forensic Professionals Group USA, Inc. (FL) (2008-2021).
d/b/a FPG-USA. The main business was Expert Witness, Investigation, Reporting and Testifying in the fields of Real Estate, Mortgage and Secularization Fraud Investigations. Mr. Kahn worked on over 1,000 cases and has testified in many U.S. States and Federal Courts.
Managing Partner of Whale Mortgage, Inc. (FL) Licensed residential lender (2003-2010).
Managing Partner Mallpark, Inc. (FL) Global internet provider of virtual real estate services and associated software development to over 5,000 companies worldwide. (1995-2006)
Special Adviser to the IRS (1980-1995).
Managing Partner commercial real estate lender nationwide USA (1978-2010).
Managing Partner, Affiliated Real Estate Analysts, Inc. (NY). Nationwide real estate development, lending, investor services (Including FIRPTA) (1979-1991).
National Real Estate Product Manager at Merrill Lynch (1973-1978). Securities licensing by SEC, NYSE, AMEX, CBOE, NASD . Appointed by CEO Don Regan who became US Treasury Secretary in the Reagan Administration.
US TREASURY/IRS CERTIFIED ACCEPTANCE AGENTS
FIRPTArefunds has 3 IRS Certified Acceptance Agents on staff. We are IRS certified to authenticate the passport and birth certificates to the IRS in the ITIN application process.
This means our clients do not have to send original Passports or Birth Certificates to us or the IRS, which can be held for 3 months. Our clients keep the originals in their possession.
This speeds the FIRPTArefund process and eliminates the risk of losing these valuable documents in the mail or in transit. Most importantly clients can travel with their passports if they wish to do so because they retain the originals during the process.
FIRPTArefunds otained over $200,000 more refund than my client's CPA calculated and it was refunded very quickly.
Attorney Derek Longstaff, Palo Alto, CA.
I sold my property for $445k and adjusted cost basis was $285k. A CPA recommended by the realtor and title company estimated by tax would be $48k. FIRPTA withholding was $66k so I was told my refund would be $18k. FIRPTArefunds fee was a little higher and I wasn't going to go with them but I did after speaking to their expert. I received $40k refund which was far more than I expected. And I got an ITIN.
Chin Lee, Singapore
We had a real problem. We closed using a title agent and for some reason the IRS recorded receiving our FIRPTA withholding but would not give us a refund. This went on for many months. FIRPTArefunds performed a Difficult Case service, identified what happened, straightened it out, received our refunds as agents and sent by courier at our expense to us. We finally got our full withholding as a refund. We actually sent a bonus check to FIRPTArefunds showing our appreciation. They also obtained ITINs for us. Mary and Carmel Scicluna. Malta
I closed my transaction but the IRS said they could not find my money. This went on for nearly a year. I hired FIRPTArefunds and they got me my $48,000 refund within about 2 months of agreeing to their fee. That was joyous. And they handled everything. Rosa Colavito, Manitoba CAN.
I had a corporate bond sale through CitiWealth Management. They withheld $11,200 representing the tax due and remitted to the IRS. I hired FIRPTArefunds and instead of losing it all, I got a refund check for $8,500 within about 60 days, along with an ITIN. Fernando Zarama, Columbia.
My mother in law, husband and myself sold a property in Florida. FIRPTArefunds obtained ITINs for us, and a bigger refund we were told we could get from someplace else. They did it all. We were very happy. Dionne Morgan, Toronto CAN