Brought to you by Columbus REALTORS® Education Committee and Hispanic Professionals Network
FIRPTA (Foreign Investment in Real Property Tax Act) is a U.S. tax law requiring buyers to withhold a percentage of the purchase price when acquiring U.S. real estate from a foreign seller. This ensures foreign sellers pay capital gains taxes, with the withheld funds remitted to the IRS as an advance payment.
Learn how the withholding works, key exemptions and reductions, and liabilities.
2 HRS CE
