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U.S. Office Address: 2319 S.W. 29 Ave., Miami, Fl. 33145
U.S.Mailing Address: 2520, Coral Way, Suite 2014, Miami, FL 33145
U.S. Number: 754-368-2330
When navigating the complexities of FIRPTA (Foreign Investment in Real Property Tax Act) compliance, having the right guidance is crucial. FIRPTA Tax Returns specializes in helping foreign property sellers meet IRS requirements efficiently and accurately.
As an IRS Certified Acceptance Agent, we provide services tailored to your specific needs, ensuring a seamless process from start to finish.
An IRS Certified Acceptance Agent (CAA) is authorized to assist individuals and businesses in obtaining Individual Taxpayer Identification Numbers (ITINs). They also verify documents for accuracy and completeness before submission to the IRS. This certification streamlines tax-related processes, particularly for foreign individuals involved in real estate transactions in the United States.
The U.S. government implemented FIRPTA to ensure foreign sellers meet their tax obligations on U.S.-sourced income, including real estate gains. While the withholding might seem steep, it’s not necessarily the final tax amount. Foreign sellers can apply for a FIRPTA refund if they overpay.
Used by buyers to report and pay the withheld amount.
Filed by foreign sellers to apply for a withholding certificate that may reduce or eliminate the withholding amount.
Issued by the IRS to confirm a revised withholding amount based on specific circumstances.
At FIRPTA Tax Returns, we offer end-to-end support to ensure you meet all IRS requirements efficiently:
As an IRS Acceptance Agent, we expedite ITIN applications by verifying your documents and submitting them to the IRS on your behalf.
We help you complete Form 8288-B accurately to apply for reduced withholding.
Ensure your FIRPTA-related tax returns are filed correctly and on time.
Receive personalized advice tailored to your real estate transaction.
Filing Form 8288-B allows foreign property sellers to request a withholding certificate, which can
Reduce the withholding amount if the tax liability is lower than the default rate.
Prevent overpayment and improve cash flow.
Expedite the process of claiming a refund if applicable.
An IRS withholding certificate is essential for foreign sellers who want to:
Avoid excessive withholding on real estate transactions.
Ensure accurate tax reporting and compliance.
Receive refunds for over-withheld amounts promptly.
Include detailed information about the property sale and expected tax liability.
Provide evidence of the transaction, such as the purchase agreement and proof of withholding.
Our expertise ensures all forms are completed and filed accurately.
Form 8288 is a critical document for buyers to report and remit withheld funds to the IRS. Buyers must file this form within 20 days of the transaction. Sellers should ensure the buyer receives all necessary documentation to avoid delays or errors.
At FIRPTA Tax Returns, we specialize in simplifying the tax complexities foreign sellers face in U.S. real estate transactions. Here’s why clients trust us:
Extensive experience with FIRPTA and IRS requirements.
Our team includes IRS Certified Acceptance Agents for seamless ITIN processing.
Tailored solutions to meet your unique needs.
Assistance with ITINs, FIRPTA withholding certificates, and tax returns.
Ready to simplify your FIRPTA compliance?
Contact FIRPTA Tax Returns to speak with an IRS Certified Acceptance Agent. We’ll guide you through the process and ensure your tax obligations are met with ease.
Let FIRPTA Tax Returns handle the complexities while you focus on your next investment.
