FIRPTA Withholding Rules Overview
The Foreign Investment in Real Property Tax Act (FIRPTA) was created by the U.S. Congress in 1980 to insure that Buyer's in the...
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FIRPTA Services
FIRPTA Services
FIRPTA Services
Maximum Allowable Refunds, Fastest Time Possible
We provide expert FIRPTA Real Estate Transaction Support and Compliance, taking the risk, worry and stress out of FIRPTA Withholding, Obtaining ITINs and Filing tax returns for maximum Refunds.
Phone: +1-305-508-4231
WhatsApp: 786-663-6017
Richard Kahn
Sep 191 min read
FIRPTA Buyer's Closing Package, a/k/a FIRPTA Remittance Filing Package
This is the first of the 3 phases of a typical FIRPTA transaction. The IRS under FIRPTA requires Buyer's to withhold 10 to 15% from the...
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Richard Kahn
Sep 31 min read
Certificate of Non Foreign Status FIRPTA Affidavit
Section 1445 of the Internal Revenue Code (“IRC”) [a/k/a 26 C.F.R. § 1.1445 and/or Treas. Reg. § 1.1445] provides that the Buyer(s)...
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Richard Kahn
Nov 28, 20181 min read
Apply for a FIRPTA refund within 3 years or lose it permanently!
IRS Statute of Limitations are Strict. Periods of limitation on filing claims for refunds with the IRS are strictly delineated in the IRS...
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Richard Kahn
Nov 28, 20181 min read
What is FIRPTA?
The Foreign Investment in U.S. Real Property Tax Act of 1980 Empowered by the Debt Reduction Act of 1984 and modified by the Path Act in...
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FIRPTArefunds
Oct 25, 20182 min read
What is the history of FIRPTA?
The Foreign Investment in U.S. Real Property Tax Act of 1980 Prior to 1980 no FIRPTA withholding or tax on Foreigners selling US...
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FIRPTArefunds
Oct 25, 20182 min read
What are the liabilities of Buyers/Agents?
The IRS holds the Buyer/ Payor 100% liable for the full 15% of gross sale or distribution FIRPTA withholding, remitting these Seller /...
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FIRPTArefunds
Oct 25, 20182 min read
What are FIRPTA Exemptions
Beware of granting exceptions! The IRS holds the Buyer/Payor and Agents liable! Buyers of property where the sale price is $300,000 or...
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FIRPTArefunds
Oct 25, 20181 min read
How to calculate FIRPTA withholding?
The 3 simple logic questions behind calculating FIRPTA withholding. Click here for the 3 simple logic questions behind calculating FIRPTA...
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FIRPTArefunds
Oct 25, 20183 min read
What are the requirements for tax return filings?
A. Who Must File If you are any of the following, you must file a return: A nonresident alien individual engaged or considered to be...
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FIRPTArefunds
Oct 25, 20181 min read
What is USRPI and USRPHC?
US Real Property Interests and US Real Property Holding Company USRPI = U.S. Real Property Interest includes more than a direct interest...
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FIRPTArefunds
Oct 25, 20181 min read
What is ECI?
It is important to test every FIRPTA disposition for ECI income and deductions and know how to report it to the IRS or suffer an audit...
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FIRPTArefunds
Oct 25, 20181 min read
What is FDAP?
Fixed, Determinable, Annual, or Periodical Income (FDAP) It is important to test every FIRPTA disposition for FDAP income which is a form...
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FIRPTArefunds
Oct 25, 20181 min read
What kind of cases do you handle?
We handle Seller cases subject to FIRPTA and Buyer cases verifying exception requests. WE SERVE: Buyers, Foreign Sellers, Foreign...
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FIRPTArefunds
Oct 25, 20181 min read
What is considered a Foreign Seller?
Our Clients are the Foreign Sellers of U.S. Real Estate or recipients of U.S. taxable real property income and /or capital gains....
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FIRPTArefunds
Oct 25, 20181 min read
What's considered a Non Resident Alien?
If you are an Non Resident Alien (NRA) (not a U.S. citizen), you are considered a nonresident alien unless you meet one of two tests....
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FIRPTArefunds
Oct 25, 20181 min read
What are the different types of ownership?
Examples: Fee ownership, Co-ownership, Shareholder distribution, Leasehold interest, Time share, Life estate, Remainder or reversionary...
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FIRPTArefunds
Oct 25, 20181 min read
What should I know about Foreign Corporation Filings?
We make the complexities of ITINs simple and easy for our clients and their agents. We assist our clients in obtaining IRS Employer...
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FIRPTArefunds
Oct 25, 20181 min read
What about Pending Real Estate Transactions
Real Estate Transactions Under contract but have not yet closed. Two withholding choices: File for Reduced Withholding Certificate at...
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FIRPTArefunds
Oct 25, 20181 min read
What about Closed Real Estate Transactions?
Already sold Real Estate Transactions, closed within the last 3 years. FIRPTA withholding has been remitted to the IRS but no tax return...
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