FIRPTA

Foreign investors frequently use Limited Liability Companies (LLCs) to hold U.S. real estate, including residential, commercial, and vacation properties. While LLCs may offer liability protection and some tax flexibility, they do not automatically exempt foreign sellers from FIRPTA (Foreign Investment in Real Property Tax Act) withholding. Understanding how FIRPTA applies to LLCs is essential for […]

Foreign investors have long viewed the U.S. real estate market as a secure and profitable investment opportunity. Timeshares, in particular, provide a flexible way to own vacation property. However, when foreign owners decide to sell, they must navigate FIRPTA (Foreign Investment in Real Property Tax Act) regulations, which can directly affect the transaction process. Understanding

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

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

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

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

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

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

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