ytaxadvisoronline.com

Your International Property Investor Tax Professionals

We offer a broad range of tax services for nonresident property investors to help you maximize your investment returns and fulfill your US Tax Obligations. You've worked hard to build your portfolio. You deserve a firm that will work hard for you.

FIRPTA Services

What is FIRPTA?
"Withholding of Tax on Dispositions of United States Real Property Interests. The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding."
 
FIRPTA - What are my options as a seller?
As a US non-resident when you come to sell your property you will be subject to FIRPTA unless an exception applies to your sale, for the sale of a rental investment property it is uncommon for one of the exceptions to apply unless your buyer is intending to use the property as their primary residence and is willing to sign an affidavit confirming this.
FIRPTA for buyers
The IRS considers the transferee/buyer to be responsible for ensuring that FIRPTA is handled in a transaction where the transferor/seller is a non-resident. In order to ensure a smooth transition on your eventual sale you must ensure that you retain proof that FIRPTA was satisfied on your original purchase.
   

What Others Say

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