FIRPTA

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 […]

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

Understanding the Benefits of Hiring a Professional for FIRPTA Compliance Navigating the complexities of real estate transactions can be challenging—especially when FIRPTA applies. Working with a FIRPTA compliance professional can help buyers and sellers avoid costly mistakes while ensuring full compliance with U.S. tax laws. FIRPTA, or the Foreign Investment in Real Property Tax Act,

Buyer Responsibilities Under FIRPTA in Southwest Florida When purchasing real estate in Southwest Florida, buyers must understand their responsibilities under the Foreign Investment in Real Property Tax Act (FIRPTA). FIRPTA compliance is critical, and mistakes can expose buyers to serious financial penalties and unexpected liability. Below is a clear breakdown of buyer responsibilities under FIRPTA