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Not a FIRPTA expert? Start here.

So, what is FIRPTA? The Foreign Investment in Real Property Tax (FIRPTA) sounds easy enough to understand at first glance: foreign sellers pay the IRS 15% of the gross sale price within 20 days of closing. Unfortunately, it’s anything but simple.  What’s at Stake? If not handled properly, FIRPTA can threaten a successful closing and...

September 2, 2021