The art of determining FIRPTA withholding and obtaining the maximum allowable at law IRS tax refund in the fastest manner is not about knowing which FIRPTA withholding forms to fill out or sending in the purchase and closing HUD-1s on the transactions. It's far more. My firm FIRPTArefunds shines in this niche market because our TaxPro staff and expertise in FIRPTA enable us to deeply evaluate and prepare refunds grounded in tax basis evidence which justify the highest claims of refunds allowable. So in short, we get the maximum refunds allowable. And we submit packages which are more like responses to audits than simply tax returns.
Another vexing component for many that we have mastered is speed of filing and IRS refund returns. We are certified acceptance agents so we can authenticate certified copies of passports and birth certificates and the like rather than have clients send the actual originals. This speeds the process up measurably and reduces the risk of loss to the originals. We also are seasoned experts at submitting technically correct filings. The IRS is infamous for rejecting filings for refunds that have errors, even if they are as small as mistaken spellings, not just material omissions.
Remember, there is a 3 year statute of limitations, after which the IRS does not have to refund any of the withholding, which is now about (with some exceptions) 16% of the total sale price. And that is nearly always more than the smaller portion of capital gains that is taxable. It pays to hire seasoned pros like FIRPTArefunds.
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