- Email address: [email protected]
- Working hours: Mon-Fri 9am to 5pm
- Phone line: 239-266-8516
Our introduction
What Is
FIRPTA?
FIRPTA stands for the Foreign Investment in Real Property Tax Act. Back in the 1980’s, the US government instituted a withholding tax at the time of sale when the property is owned by a foreign person. The tax code requires buyer’s to withhold up to 15% of the gross sales price if the seller is a nonresident alien, foreign corporation, foreign partnership, foreign trust, or foreign estate. These foreign sellers typically have two options when deciding how to approach the withholding. The experts at Total FIRPTA LLC can guide you through which option makes the most sense for your particular transaction.
10
YEARS EXPERIENCE of providing
FIRPTA Tax Services
What Is FIRPTA?
FIRPTA stands for the Foreign Investment in Real Property Tax Act. Back in the 1980’s, the US government instituted a withholding tax at the time of sale when the property is owned by a foreign person. The tax code requires buyer’s to withhold up to 15% of the gross sales price if the seller is a nonresident alien, foreign corporation, foreign partnership, foreign trust, or foreign estate. These foreign sellers typically have two options when deciding how to approach the withholding. The experts at Total FIRPTA LLC can guide you through which option makes the most sense for your particular transaction.
10
YEARS EXPERIENCE providing dedicated
FIRPTA Tax Services
Our Services
ITIN Applications
As a Certified Acceptance Agent for the IRS, we are qualified to review your identification documents...
Withholding Certificates
A withholding certificates is an application that gets mailed on or before the closing date...
FIRPTA Remittance
Need help preparing IRS forms 8288 and 8288-A? Properly prepared tax documents ensure the seller's ability... their eligible...
Our Reviews
Connect with Us
We are committed to
making this process
simple & affordable.
Meet Our Founder
When I first learned about FIRPTA, I was instantly intrigued. I spent the first few years pouring over the IRS’s revenue procedures. I read (and reread) the relevant publications and memorized the instructions for every FIRPTA related tax form that we use. I realized early in my career that it was really hard to get consistent information about FIRPTA. I made it my life’s mission to focus on educating my community and have spent the last 5 years traveling the nation in order to share my knowledge and experience with the people on the frontlines. If we are going to make a difference, we have to start “doing FIRPTA” differently than we have in the past. We have to start talking about FIRPTA at the start of every transaction instead of the end. There is still much work to be done but I know we can do it if we stick together.
– Julie Lepore