Preparing FIRPTA forms
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FIRPTA, which stands for Foreign Investment in Real Property Tax Act of 1980, dictates specific action items for real estate transactions in which the seller is a foreign individual or entity. In order to ensure full compliance with this law, you would need to have a deep understanding of the various nuances in the rules. Both the buyer and the seller should be aware of the significant tax withholding requirements that accompany such transactions. Proper planning can transform a super complex topic and a cash flow nightmare into a manageable situation that sits well with your investment strategy. Fortunately, we have the experience and expertise to help you navigate this process safely!