FIRPTA Withholding Certificate Application
FIRPTA Withholding Certificate Application
The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. The FIRPTA requires the withholding agent to withholding 15% of the sale proceeds as withholding tax for the IRS.
We help with non-resident sellers apply for withholding certificate with the IRS. Or we help with seller get tax refund by filing tax returns if the 15% funds was sent to the IRS at the closing table.
If you’d like to learn more about how we help non-resident sellers to avoid or withhold less from the sales proceeds from the disposition of the real property, please call us to get a Free Consultation, or contact us here.