Total FIRPTA Services
At Total FIRPTA, we specialize in guiding foreign sellers through every step of the FIRPTA process — from obtaining your ITIN to submitting the required tax forms and documentation. Our experienced team is here to make a complicated process simple, fast, and stress-free.
ITIN Applications
An ITIN Application refers to the process of applying for an Individual Taxpayer Identification Number (ITIN) through the IRS. An ITIN is a tax processing number issued by the Internal Revenue Service (IRS) to individuals who need a U.S. taxpayer identification number but are not eligible for a Social Security Number (SSN).
Get Your ITIN Fast with Less Hassle
If you’re a non-U.S. resident selling U.S. real estate, you’ll need an Individual Taxpayer Identification Number (ITIN) in order to comply with FIRPTA regulations. Our team makes it easy to apply for and receive your ITIN quickly — often without even needing to visit a U.S. embassy or consulate.
What Total FIRPTA Does:
- Prepare and file your ITIN application (Form W-7)
- Review required identification documents
- Assist with Certified Acceptance Agent (CAA) services, if needed
- Ensure your ITIN is processed in time to meet FIRPTA deadlines
Why it Matters:
An ITIN is required to apply for a withholding certificate and to file your U.S. tax return. Without it, you could face unnecessary delays and withholding.
Our Withholding Certificate Services Include:
- Preparation and submission of Form 8288-B
- Review of supporting documents and sale details
- Communication with the IRS on your behalf
- Guidance throughout the approval process
Why it Matters:
Without a withholding certificate, the full 15% will be withheld at closing. A timely application can help reduce your withheld amount based on your actual tax liability.
Withholding Certificates
A withholding certificate is a document issued by the IRS that authorizes a reduction or exemption of the amount of tax that would normally be withheld on certain U.S. income paid to a foreign person or entity.
Lower or Eliminate FIRPTA Withholding
Foreign sellers of U.S. property are typically subject to a 15% withholding on the sale price under FIRPTA. But with a properly filed withholding certificate (IRS Form 8288-B), you may be able to reduce or eliminate that withholding — keeping more of your money in your pocket.
FIRPTA Remittance
FIRPTA remittance refers to the process of sending the required tax withholding amount to the IRS under the Foreign Investment in Real Property Tax Act (FIRPTA) when a foreign person sells U.S. real property.
Accurate & Timely Submission of Your FIRPTA Withholding
Once a property is sold, the FIRPTA withholding must be submitted to the IRS along with the appropriate tax forms. We handle the entire remittance process for both buyers and sellers to ensure compliance and avoid penalties.
What We Help With?
- Preparation and filing of IRS Forms 8288 and 8288-A
- Tracking of payments and confirmation of receipt by the IRS
- Copies of stamped forms for your records
- Timely delivery to avoid late penalties or interest
Why it Matters:
The IRS has strict deadlines for FIRPTA remittance. Failure to submit on time can result in steep fines. We ensure everything is done right and on time.