Important IRS E-File Deadlines & What Foreign Sellers Need to Know. As the year comes to a close, the IRS is preparing to pause electronic filing (e-file) for 2024 tax returns. This annual shutdown impacts filing timelines, refund processing, and planning—especially for foreign sellers with U.S. tax obligations. Below is what you need to know […]
Foreign Sellers: IRS E-FileDeadline Nears Read More »
November always reminds us to pause and reflect on what we’re thankful for — and atTotal FIRPTA, there’s no shortage of gratitude to go around. Thankful for Our Clients First and foremost, we’re grateful for the incredible title companies, real estate agents,attorneys, and sellers who trust us every day with one of the most complex
A Season of Gratitude: What We’re Thankful for at Total FIRPTA Read More »
When it comes to real estate transactions involving foreign sellers, FIRPTA (the Foreign Investment in Real Property Tax Act) is not something to take lightly. One of the most common—and costly—mistakes we see is failing to properly screen sellers at the start of the transaction. A small oversight can lead to major tax implications, delays,
Don’t Skip the Screening: Why Proper FIRPTA Procedures Matter Read More »
As a tax professional specializing in FIRPTA (Foreign Investment in Real Property TaxAct), I work exclusively with foreign sellers. Over the past few months, I’ve seen anotable increase in Canadian clients looking to sell their U.S. real estate—and I’msure I’m not alone. If you’re a title agent, real estate attorney, or real estate agent,this shift
Working with Canadian Sellers Read More »
The U.S. real estate market has long been a magnet for international investors seeking stable and lucrative opportunities. As global interest grows, real estate agents must familiarize themselves with the Foreign Investment in Real Property Tax Act (FIRPTA). Familiarity with its provisions is critical for ensuring compliance and avoiding unexpected challenges during transactions involving foreign
The Rise of International Investors: What Real Estate Agents Need to Know About FIRPTA Read More »
EXPLORING SITUATIONS WHERE FIRPTA WITHHOLDING MAY NOT BE REQUIRED. Navigating the Foreign Investment in Real Property Tax Act (FIRPTA) can be challenging, but understanding its exemptions is essential for real estate professionals and their clients. While FIRPTA typically requires buyers to withhold a portion of the sale proceeds when purchasing U.S. real property from a
Understanding FIRPTA Exemptions and How They Apply to Your Clients Read More »
MAKE FIRPTA EDUCATION A 2025 PRIORITY As 2025 kicks off, it’s the perfect time to set your real estate education goals. Whether you’re working with buyers or sellers, staying informed about FIRPTA (Foreign Investment in Real Property Tax Act) is key to a smooth transaction. Many real estate and closing agents overlook FIRPTA until it’s
Start 2025 Strong: Add FIRPTA Education to Your Real Estate Goals Read More »
Fraudulent POA in FIRPTA Transactions: How to Protect Your Deals In real estate, granting a Power of Attorney (POA) allows someone trusted to manage the sale of property on behalf of the owner. However, recent cases have revealed a rising concern: fraudulent POA in FIRPTA transactions, particularly involving foreign sellers who may no longer be
New Fear Unlocked! Deceased Principals Using Power of Attorneys Read More »
Understanding Why Power of Attorney Matters in FIRPTA Transactions When navigating U.S. real estate sales as a foreign investor, understanding why Power of Attorney matters can make all the difference. A Power of Attorney (POA) is a legal tool that lets someone act on your behalf—crucial when managing property sales under the Foreign Investment in
Understanding Power of Attorney: What It Is and Why You Might Need One Read More »
Why FIRPTA Is More Common in Florida: Key Insights for Real Estate Investors If you’re wondering why FIRPTA is more common in Florida, the answer lies in the state’s unique real estate market and its popularity among international investors. The Foreign Investment in Real Property Tax Act (FIRPTA) requires foreign persons to pay taxes on
