Tag: FIRPTA

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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,...

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FIRPTA withholding to increase next week

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...

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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....

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The basics of FIRPTA withholding tax

When getting prepared for settlement, one of the concerns of every settlement company is whether the seller is affected by the Foreign Investment Real Property Tax Act (FIRPTA). In fact, all settlement companies will require the seller to...

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