FIRPTArefunds
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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FIRPTA Services
FIRPTA Services
FIRPTA Services
Maximum Allowable Refunds, Fastest Time Possible
Specialists in FIRPTA Withholding,
Tax Return Filings, Max Refunds, Obtaining ITINs & More...
Phone: +1-305-508-4231
WhatsApp: 786-663-6017
FIRPTArefunds
- Oct 25, 2018
- 2 min
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, 2018
- 2 min
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, 2018
- 1 min
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, 2018
- 3 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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, 2018
- 1 min
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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FIRPTArefunds
- Oct 25, 2018
- 1 min
What types of Real Estate have you handled?
RESIDENTIAL Primary Residences Second (Vacation) Homes Single Family Condominium Condotel (Condos with a front desk) Cooperatives...
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FIRPTArefunds
- Oct 25, 2018
- 1 min
What are the Geographic Location considered USA Properties?
United States: Lower 48, Alaska, Hawaii Caribbean & North Atlantic Region, Puerto Rico (Capital: San Juan) United States Virgin Islands...
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FIRPTArefunds
- Oct 25, 2018
- 1 min
What about Foreclosures, Deed-in-Lieu & Short Sale?
FORECLOSURES - Disposition under FIRPTA 1. Subject to tax on any gain resulting 2. Transferee (buyer, bank, lender, etc) is responsible...
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FIRPTArefunds
- Oct 25, 2018
- 1 min
What about "other" Taxable Income not from sales of real or personal property?
Some of our Foreign non-US clients are or have had FIRPTA withheld by the ones paying (Payers) from distributions of income they...
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