👋 FIRPTA Buyer's Closing Package
(FIRPTA Remittance Filing Package)
This is the first of the 3 phases of a typical FIRPTA transaction.
Under FIRPTA, the IRS requires Buyer's to withhold 10 to 15% of the sale price when purchasing U.S. real estate from foreign sellers (non-U.S. residents or citizens), and to remit that withholding to the IRS in a specified manner.
🧠 What This Means for Buyers and Agents
FIRPTA Refunds helps relieve the potential liability of Buyer's, withholding agents, closing agents and realtors by acting as the paid preparer — and, if necessary, as the authorized recipient of IRS correspondence for foreign sellers.
We provide clear written instructions and coordinate the process with all parties involved in the closing.
⚠️ Why This Step Matters
When buyers or closing agents attempt to handle FIRPTA remittance on their own, errors are common.
These mistakes can:
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Delay refunds by months
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Complicate the ITIN application process
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Create documentation and compliance issues
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Increase overall transaction risk
👉 Getting this step right the first time is critical.
🧾 Our Approach
FIRPTA Refunds delivers a structured, experienced approach to FIRPTA remittance:
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Preparation of required FIRPTA forms and filings
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Coordination with all parties in the transaction
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Clear step-by-step guidance throughout the process
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Practical knowledge of how the IRS handles these filings behind the scenes
Our services are both specialized and cost-effective — typically comparable to standard closing costs such as an inspection or appraisal.
🌍 ITINs and Closing
With FIRPTA Refunds involved, foreign sellers do not need an ITIN to close.
We can:
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Facilitate closing without an ITIN in place
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Act as the IRS correspondence recipient in the U.S.
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Handle the ITIN application process after closing
👉 Get It Right the First Time
This is one of the most important steps in the FIRPTA process.
If you have questions or would like assistance, we’re here to help.