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
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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 »
In the world of real estate, it’s common for individuals to grant a Power of Attorney (POA) to someone they trust to handle the sale of their property. However, recent cases have highlighted a growing concern—fraudulent use of POAs, especially relating to foreign sellers who may no longer be alive. As a firm specializing in
New Fear Unlocked! Deceased Principals Using Power of Attorneys Read More »
When navigating the complexities of real estate transactions, taxes, or legal matters, having the right tools in place can make all the difference. One such tool is a Power of Attorney (POA)—a legal document that grants someone the authority to act on your behalf. For individuals managing property sales under the Foreign Investment in Real
Understanding Power of Attorney: What It Is and Why You Might Need One Read More »
Why FIRPTA Is More Common in Florida Than Other States If you’ve ever delved into the world of real estate transactions, especially involving foreigninvestors, you’ve likely encountered FIRPTA— the Foreign Investment in Real Property TaxAct. This U.S. federal tax law requires that foreign persons pay tax on gains from the sale of U.S. real estate.
Top 5 FIRPTA Mistakes People Make Navigating the Foreign Investment in Real Property Tax Act (FIRPTA) can be a complex and daunting task for many. Without proper guidance, individuals often encounter significant challenges and pitfalls. To help you avoid these issues, we’ve identified the five most common mistakes people make when dealing with FIRPTA. Here’s
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Understanding Withholding Certificates: A Guide for FIRPTA Compliance In the realm of real estate transactions involving foreign investors, the Foreign Investment in Real Property Tax Act (FIRPTA) plays a crucial role in ensuring that appropriate taxes arecollected. One of the key components of FIRPTA compliance involves the use of withholding certificates. In this blog, we’ll
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Understanding LLC Taxation and FIRPTA Implications When setting up a Limited Liability Company (LLC), one of the most crucial decisions involves choosing how the entity will be taxed. This choice not only influences the day-to-day financial operations of your business but also impacts compliance with various tax laws, including the Foreign Investment in Real Property
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