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Firpta example Form: What You Should Know

Seller's Notice of Withholding for Foreign Persons Selling U.S. Real Property If a foreign person is selling the property to a U.S. resident, the Seller must be filing Form 941. The Seller and Buyer both must sign the forms as required to receive a certification from the IRS. Buyer's Return Information — IRS See the “How a Buyer's Return is Formulated” section in the section above. Where to Get Form 8288 — U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests Form 8288 is available at For complete directions, see Section D of our How to File a Self-Employment Tax Return. Form 8288 Form 8288–U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S.

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Video instructions and help with filling out and completing Firpta example

Instructions and Help about Firpta example

Hello Facebook. Okay, this is actually kind of funny. I can see who's watching right now. I don't know why. Hello, who's there? Music. Never mind. Okay, for some reason, I cannot see who is watching right now. That is really weird. Hi everyone, I'm still in the office. Today is November 8, 2008. I want to share one of my big wins for one of my clients. So, their house back in July. This is about foreign sellers. From what? Well, if you're interested in real estate, you'll know what the product is. It's an affidavit of non-pouring status (FERPA). This form tells you the buyer who the sellers are, their tax status, and if they are a foreigner. This form is very important. Today, I want to talk about how I helped my client who purchased a home back in 2008. Their house had been a rental property for almost the past six to eight years. As the market appreciated, they decided to sell this year. One thing that concerns many foreign sellers is the capital gain tax. According to IRS guidelines, if you're a foreigner selling property in California, the withholding is 15% of the sales price. It's not the actual gain, but the sales price. So, in this case, the withholding would be about $91,000. Before we listed the house, I did research on this topic for several years because I have a lot.