Best Practices for a Successful FIRPTA Withholding Application by Lewis Kevelson, CPA
Posted on February 15, 2021 by Lewis Kevelson
Under U.S. tax law, foreign corporations and foreign persons deemed nonresident aliens (NRA) for tax purposes must pay U.S. taxes only on income they earn from U.S. sources. Therefore, an NRA that owns an interest in U.S. real estate will have a U.S. income tax liability only when he or she “disposes” of the property […]