When is FIRPTA Affidavit Required

When is FIRPTA affidavit required? This question often comes to an individual’s mind when they deal with real estate property. Those individuals who are new to investing in real estate property likely ask when is FIRPTA affidavit required. But before we take the plunge to explaining when is FIRPTA affidavit is required, you should understand [...]

By | August 16th, 2017|FIRPTA, Real Estate|0 Comments

How to Get FIRPTA Withholding Back

Florida, Michigan, Ohio, California and various other states in the US are dream investment opportunities for property buyers. Although these markets are very tempting for both native and foreign buyers, but in case you are new to the whole ordeal, you’ll learn that anywhere in the US, the talks and dealings of a property are [...]

By | August 3rd, 2017|FIRPTA, TAX WITHHOLDING CERTIFICATE|0 Comments

How Can FIRPTA Withholding Certificate Save Me Money On Taxes

FIRPTA stands for The Foreign Investment in Real Property Tax Act. The Act states that the buyer of an interest in U.S. real estate property must withhold a certain percentage of the purchase price if the seller of the U.S. based property is a foreign national. If the buyer of the property does not withhold [...]

By | June 21st, 2017|FIRPTA, FOREIGN NATIONAL TAX|0 Comments

FIRPTA Withholding

When a buyer thinks about purchasing a real estate property, they think about it twice because of the FIRPTA withholding policy. If the seller of the real estate property is a foreign person, the buyer may get confused about purchasing the property. This is because they would be liable to pay the taxes as per [...]

FIRPTA Affidavit

What is FIRPTA affidavit? Knowing this is extremely important. Therefore, we must find out what FIRPTA affidavit refers to. Abbreviation of ‘Foreign Investment in Real Property Tax act’, FIRPTA is used to gather taxes due on sale of property which non-tax paying foreign entities or individuals own. Either ten or fifteen of the gross sales [...]

By | March 23rd, 2017|FIRPTA|0 Comments