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FIRPTA – A Simple Approach To A Complicated Tax Matter
September 17 @ 12:00 pm - September 23 @ 1:00 pm CDT
Free – $10
Northwest Florida Paralegal Association Inc.
The Foreign Investment in Real Property Tax Act (known as FIRPTA) was enacted in 1980. If the seller is foreign, FIRPTA requires buyers to withhold up to 15% of the gross sales price and remit it to the IRS upon closing. Foreign sellers would then file a US income tax return to claim back any portion considered an overpayment.
Substantive CLE hours: 1