Tag: FIRPTA

irs-logo.jpg

What is FIRPTA?

The rules of FIRTPA changed February 16, 2016 when the withholding rate on properties over $1 million increased to 15%. Read our coverage of the increase of FIRPTA withholding to learn more. The Foreign Investment in Real Property Tax Act,...

Continue reading

irs-logo.jpg

Understanding FIRPTA

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....

Continue reading

  • 1
  • 2