FIRPTA considerations in today’s changed landscape
SOUTH FLORIDA REAL ESTATE LAWYERS FIRPTA law, which stands for the Foreign Investment Real Property Tax Act, recently changed last year, increasing the withholding from 10% to 15%. Many foreign sellers who enter into Residential real estate contracts, are not aware of this FIRPTA withholding requirement. Foreign sellers believe that because they don’t pay federal income taxes in the United States, then they […]