When is FIRPTA Affidavit Required - Understanding the Essentials and Impacts
When is FIRPTA Affidavit Required - Understanding the Essentials and Impacts
Nov 30, 2023
freedomtaxaccounting.com
Nursing (ADN) AS - Guided Pathways
Nursing (ADN) AS - Guided Pathways
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riohondo.edu
Ever heard of FIRPTA? 👀 It’s one of those forms that shows up in a real estate deal, everyone nods like they know what it means… until escrow asks for it and the room goes quiet 😅 Here’s the truth 👇 FIRPTA stands for Foreign Investment in Real Property Tax Act — a federal law that applies when a seller is not a U.S. citizen or resident. The goal? To make sure the IRS 💰collects any taxes owed before the seller takes their sale proceeds overseas. So where does the Seller’s Affidavit come in? T
0:29
Ever heard of FIRPTA? 👀 It’s one of those forms that shows up in a real estate deal, everyone nods like they know what it means… until escrow asks for it and the room goes quiet 😅 Here’s the truth 👇 FIRPTA stands for Foreign Investment in Real Property Tax Act — a federal law that applies when a seller is not a U.S. citizen or resident. The goal? To make sure the IRS 💰collects any taxes owed before the seller takes their sale proceeds overseas. So where does the Seller’s Affidavit come in? T
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