Tag: FIRPTA

If you work with foreign nationals in your real estate business, be advised that the FIRPTA withholding rate on home sales exceeding $1 million will increase to 15% on February 16. Also known as the Foreign Investment in Real Estate Property...

Starting February 16, 2016, there will be changes to the Foreign Investment in Real Property Tax Act ("FIRPTA"). FIRPTA is a tax law passed in 1981 that requires foreign persons to pay U.S. income tax on the gains they make from selling...

FIRPTA Withholding: Tax on non-resident aliens selling real property in the U.S. The Foreign Investment in Real Property Tax Act (FIRPTA) of 1980 authorizes the United States to tax foreign persons who are nonresident aliens selling U.S....