Mandatory EFTPS remittance has changed FIRPTA compliance. Although the statutory 20-day deadline remains unchanged, payment scheduling rules, enrollment requirements, weekends, and banking delays can significantly shorten the practical time available to remit withholding on time.

A claimed FIRPTA exemption is not a substitute for due diligence. Learn why buyers and closing professionals should independently verify the facts before relying on an exemption from withholding.

Can FIRPTA withholding be avoided? In one recently completed case, the IRS reduced the required FIRPTA withholding to $0.00 after reviewing the taxpayers' application. Every FIRPTA transaction is unique and deserves an independent review.

FIRPTA compliance involves far more than preparing Forms 8288 and remitting funds through EFTPS. Learn why experience and judgment can make all the difference before closing.

Many foreign sellers mistakenly believe they must first obtain an ITIN before exploring FIRPTA withholding certificate options. Timing and coordination often matter more than people realize.

Many FIRPTA problems are not caused by the transaction itself. They are caused by waiting too long to address FIRPTA requirements.

Does FIRPTA Apply to LLC Ownership? Many buyers and closing agents assume purchasing property from a U.S. LLC automatically avoids FIRPTA withholding. That assumption is not always correct. In some cases, the LLC's underlying ownership may include foreign persons or foreign-owned entities that trigger FIRPTA considerations. Every LLC Should Be Evaluated Individually The answer often depends on several factors, including: Ownership structure Tax classification Disregarded enti

In many FIRPTA transactions, withholding may be lawfully reduced before closing through a properly prepared and timely submitted Form 8288-B withholding certificate application. Can FIRPTA Withholding Be Reduced Before Closing? Yes—in many transactions, it may be possible. Many foreign sellers are surprised to learn that FIRPTA withholding may be reduced before closing through a properly prepared and timely submitted Form 8288-B Withholding Certificate Application. Why This M