TOTAL FIRPTA

FIRPTA stands for the Foreign Investment in Real Property Tax Act. Back in the 1980's, the US government instituted a withholding tax at the time of sale when the property is owned by a foreign person. The tax code requires buyer's to withhold up to 15% of the gross sales price if the seller is a nonresident alien, foreign corporation, foreign partnership, foreign trust, or foreign estate. These foreign sellers typically have two options when deciding how to approach the withholding. The experts at Total FIRPTA LLC can guide you through which option makes the most sense for your particular transaction... As a Certified Acceptance Agent for the IRS, we are qualified to review your identification documents...

Also known as: Total FIRPTA LLC

Primary location: Coral United States