The Foreign Investment in Real Property Tax Act (FIRPTA) was created by the U.S. Congress in 1980 to insure that Buyer's in the...

This is the first of the 3 phases of a typical FIRPTA transaction. The IRS under FIRPTA requires Buyer's to withhold 10 to 15% from the...

Section 1445 of the Internal Revenue Code (“IRC”) [a/k/a 26 C.F.R. § 1.1445 and/or Treas. Reg. § 1.1445] provides that the Buyer(s)...

IRS Statute of Limitations are Strict. Periods of limitation on filing claims for refunds with the IRS are strictly delineated in the IRS...

The Foreign Investment in U.S. Real Property Tax Act of 1980 Empowered by the Debt Reduction Act of 1984 and modified by the Path Act in...

The Foreign Investment in U.S. Real Property Tax Act of 1980 Prior to 1980 no FIRPTA withholding or tax on Foreigners selling US...

The IRS holds the Buyer/ Payor 100% liable for the full 15% of gross sale or distribution FIRPTA withholding, remitting these Seller /...

Beware of granting exceptions! The IRS holds the Buyer/Payor and Agents liable! Buyers of property where the sale price is $300,000 or...

The 3 simple logic questions behind calculating FIRPTA withholding. Click here for the 3 simple logic questions behind calculating FIRPTA...

A.  Who Must File If you are any of the following, you must file a return: A nonresident alien individual engaged or considered to be...

US Real Property Interests and US Real Property Holding Company USRPI = U.S. Real Property Interest includes more than a direct interest...

It is important to test every FIRPTA disposition for ECI income and deductions and know how to report it to the IRS or suffer an audit...

Fixed, Determinable, Annual, or Periodical Income (FDAP) It is important to test every FIRPTA disposition for FDAP income which is a form...

We handle Seller cases subject to FIRPTA and  Buyer cases verifying exception requests. WE SERVE: Buyers, Foreign Sellers, Foreign...

Our Clients are the Foreign Sellers of U.S. Real Estate or recipients of U.S. taxable real property income and /or capital gains....

If you are an Non Resident Alien (NRA) (not a U.S. citizen), you are considered a nonresident alien unless you meet one of two tests....

Examples:​ Fee ownership, Co-ownership, Shareholder distribution, Leasehold interest, Time share, Life estate, Remainder or reversionary...

We make the complexities of ITINs simple and easy for our clients and their agents. ​ We assist our clients in obtaining IRS Employer...

Real Estate Transactions Under contract but have not yet closed. Two withholding choices: File for Reduced Withholding Certificate at...

Already sold Real Estate Transactions, closed within the last 3 years. FIRPTA withholding has been remitted to the IRS but no tax return...