Foreign Investment in Real Property Tax Act (FIRPTA)

When foreign owners of real estate go to sell, are they taxed the same way a U.S. citizen is? Not exactly, but as a result of the Foreign Investment in Real Property Tax Act (FIRPTA), buyers of such property are often required to withhold part of the sales proceeds and submit them to the IRS as a method to prompt selling foreign owners of real property to file a U.S. tax return.

For Realtors® representing sellers and buyers of foreign-owned real estate, this class will give you what you need to know in order to keep your customer from unnecessary liabilities.

Topics covered in the class include:

✓ FIRPTA Procedures, Terms of Use & Rates of Withholding

✓ Exceptions to FIRPTA

✓ Who is a Non-U.S. Person Subject to FIRPTA

✓ Buyer’s & Realtor’s® Duties & Liabilities

✓ Policy and Political Factors behind FIRPTA

Hosted By: Broward, Palm Beaches & St. Lucie Realtors

This class is in-person on Wednesday, November 16, 2022 at 10:00 AM – 11:30 AM EST

Location: 5850 Hiatus Rd., Unit A Tamarac, FL 33321

Members: FREE

Non-Members: $20

Register Below!

https://calendar.rworld.com/events/class/2444fda9-5c4a-ed11-9cf1-00155d234440?fbclid=IwAR2D1ZdF0s8d_vBrpVAPAVuQCpj-IuRjI3lUXVdHGmwAy0Ivpk5LGWKiA68