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The 3 phases of a FIRPTA transaction

Three Boxes

The 3 phases of a FIRTPA transaction

The 3 phases of a FIRPTA transaction include:

 

  1. Closing the transaction, We call this the Buyer's FIRPTA Closing Package phase.

  2. Obtaining or renewing foreign national ITINs if applicable. Some foreign nationals have social security numbers and do not need this service. Others may already have ITINs and have not used them within 3 years and require renewal services. We are IRS Certified Acceptance Agents (CAAs) and can obtain and renew ITINs for our FIRPTA clients. 

  3. Filing tax returns for a refund. Whether this is done at time of closing with a withholding certificate or at year end tax filings, FIRPTA Refunds or our CPA can facilitate this for you.

 

These are just 3 of the 10 basic FIRPTA related services we provide.

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