Sale of Real Estate (FIRPTA)

Sale of Real Estate (FIRPTA)

Real Estate can be a highly rewarding and exciting endeavor. However, buying or selling property in the US comes with tax guidelines under Foreign Investment in Real Property Tax Act. This means if you’re a non-US person selling a property in the US, a certain amount of tax will be withheld by the IRS on the purchase.

With triumphant experience in handling American Tax systems for years, our team is well equipped to help you navigate through the complexities of FIRPTA, to deliver your maximum benefits.

There are many exemptions and adjustments while withholding taxes on property sale under FIRPTA. We keenly analyze your situation and bring in all possible exemptions and adjustments under FIRPTA, these for example can include availing the ‘issuance of withholding certificate’, which can reduce the amount to be paid to the IRS. There are 11 exemptions we can possibly help avail, for you under FIRPTA to reduce the withholding amount.

We help avoid any unnecessary penalties or tax liabilities that may arise from faulty documentation of the certificates. Our tax professionals ensure that adjustments and exemptions made are in compliance with the IRS under the FIRPTA guidelines.

US Real Estate Tax Services For Canadians

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