Tag Archives: FIRPTA

When Does FIRPTA Apply to Real Estate Transactions? by Joel G. Young, JD, LLM

Posted on April 29, 2025 by Joel Young

The Foreign Investment in Real Property Tax Act (FIRPTA) is a U.S. law enacted in 1980 to ensure foreign owners of U.S. real property interests pay their fair share of federal taxes on the profits they may yield from the eventual sale or disposition of those properties. It requires advanced planning and specific actions by […]

Understanding the Corporate Restructuring Side of FIRPTA by Joel G. Young, JD, LLM

Posted on March 11, 2025 by Joel Young

With the complexity of the U.S. tax code, foreign persons may inadvertently trigger a withholding tax on the sale or disposition of U.S. real estate even when they are party to an otherwise tax-free reorganization. It is important for foreign individuals to understand the nuances of the Foreign Investment in Real Property Act (FIRPTA) and […]

Upcoming Tax Reporting Deadlines for Non-U.S. Persons by Andrew Leonard, CPA

Posted on March 30, 2022 by Andrew Leonard

With tax-filing season underway, foreign persons should be prepared to meet their unique U.S. tax-reporting and -payment responsibilities based on their tax residency status. Following are three important factors non-U.S. persons should keep in mind and act on sooner than later to avoid penalties for non-compliance. Know Your Income Tax Status Under U.S. tax laws, […]

Archive