Avoid FIRPTA Corporate tax avoidance scheme

All foreign sellers, realtors, title agents, attorneys and tax practitioners must be aware to spot and avoid a commonly attempted FIRPTA withholding and IRS tax avoidance scheme that could come back and bite everyone involved.

The IRS is well aware of these tax avoidance schemes. They go like this... A foreign corporation arranges a sale of its U.S. Real Property Interest (USRPI) to a buyer. In a proper transaction the Foreign Corp is the seller, wherein they would withhold FIRPTA. IRS taxation on capital gains subject to the higher corporate tax rate. The scheme involves the Foreign Corp quitclaiming the USRPI to its foreign individual shareholder(s). That way, the individual(s) sell to the Buyer. The rate of capital gain is reduced from the higher corporate rate.

The IRS maintains service personnel to examine and pursue quitclaim tax avoidance scheme transaction criteria that meet these application parameters.

Many parties who employ this scheme have not consulted super competent tax advisers who can maximize LAWFUL deductions.  The TaxPros at FIRPTArefunds.com have the decades of experience to maximize all the legal deductions permitted  by  law and hedge tax payments the legitimate lawful way.