Making Sense of FIRPTA Withholding for Non-US Citizens

Understanding FIRPTA Withholding When it comes to navigating the intricate world of U.S. taxes, FIRPTA Withholding often stands as a puzzling concept, particularly for non-US citizens. As a nationwide tax relief firm, Brightside Tax Relief LLC is committed to demystifying these complexities. This blog will dive deep into FIRPTA Withholding and offer you comprehensive knowledge […]

What Every Investor Needs to Know about FIRPTA Withholding

A Comprehensive View of FIRPTA Withholding Referred to as the Foreign Investment in Real Property Tax Act of 1980, FIRPTA Withholding is an essential subject for both domestic and overseas investors. If a non-U.S. resident sells U.S. property, the IRS mandates a specific withholding tax — or FIRPTA, to ensure taxes owed on the gains […]

Demystifying FIRPTA Withholding in Real Estate

Understanding FIRPTA Withholding The Foreign Investment in Real Property Tax Act (FIRPTA) was enacted in 1980 to ensure that foreign investors were taxed on the gains they made from owning and selling U.S. real estate. It’s a part of the Internal Revenue Code that can have severe implications for sellers and buyers involved in transactions […]