FIRPTA Exemption

 FIRPTA Exemption One of our most asked questions we get from people regarding FIRPTA is what are the FIRPTA exemption and if they are exempted from FIRPTA.  If you read our “what Is FIRPTA” article, we mention that FIRPTA is not a tax but a withholding. A withholding is an amount held back used to pay potential taxes. The IRS implements […]

FIRPTA Withholding

Firpta withholding
FIRPTA Withholding FIRPTA Withholding is not a tax but a withholding. A withholding is an amount held back used to pay potential taxes. The IRS implements a withholding on foreign sellers to make sure that they pay their fair share of taxes. In other words, the IRS will hold the potential tax owed “hostage” until the seller files a [...]

Firpta Exceptions

firpta exceptions
FIRPTA Exceptions One of our most asked questions we get from people regarding FIRPTA is what are the FIRPTA exceptions and if they are exempted from FIRPTA.  If you read our "what Is FIRPTA" article, we mention that FIRPTA is not a tax but a withholding. A withholding is an amount held back used to pay potential taxes. The IRS [...]
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