FIRPTA: Foreign Sellers of U.S. Real Estate
FIRPTA requires buyers to withhold 15% of gross proceeds when a foreign seller disposes of U.S. real estate. Here is how the withholding works, when certificates can reduce it, and how the sale is reported.
→
Foreign-Owned U.S. Rental Property
Foreign nationals with U.S. rental property often face a harsh default tax regime unless the Section 871(d) election and nonresident filing stack are handled correctly. Here is how the rules work.
→
Section 1446 Withholding: U.S. Partnerships with Foreign Partners
U.S. partnerships that allocate effectively connected income to nonresident partners must withhold under Section 1446 and file Forms 8804 and 8805, regardless of whether cash is distributed.
→