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
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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.
Understanding the Benefits of Hiring a Professional for FIRPTA Compliance Navigating the complexities of real estate transactions can be challenging, especially when dealing with the Foreign Investment in Real Property Tax Act (FIRPTA). FIRPTA is a U.S. tax law that requires buyers to withhold up to 15% of the sales price if the seller is
Understanding the Benefits of Hiring a Professional for FIRPTA Compliance Read More »
How FIRPTA Can Affect a Buyer: What You Need to Know When purchasing real estate in the United States, buyers are often focused on factors like property value, location, and financing. However, if the seller is a foreign person, there’s an additional consideration that can impact the transaction: the Foreign Investment in Real Property Tax
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