Explore the essentials of FIRPTA: Key withholding guidelines, vital exceptions, and filing tips for property transactions with foreign entities. The Foreign Investment in Real Property Tax Act (FIRPTA ...

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) as part of the Consolidated Appropriations Act, 2016. The new PATH Act reforms the ...

Beginning on February 16 of this year, the rate of tax withholding required by the Foreign Investment in Real Property Tax Act (FIRPTA) will increase from 10% to 15%. FIRPTA imposes federal tax on the ...

We all know that foreigners have been snapping up real estate in the United States for a while, but are they taxed the same way? Since the introduction of the Foreign Investment in Real Property Tax ...

In 2022, the National Association of Realtors (NAR) reported that 24% of international investments in real estate took place in Florida. With its beautiful beaches and endless summer weather, that ...

The United States has long been a prime choice for non-US people seeking to own real property outside of their home country. The US is perceived by foreigners as being extremely stable politically and ...

Manhattan real estate attorney Peter Zinkovetsky ( ) of Avenue Law Firm has recently published an insightful article detailing the intricacies of the Foreign Investment in Real Property Tax Act ...

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