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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
How does it work?
Tackling FIRPTA alone?
That’s like trying to read a legal document in a foreign language. It’s detailed, it’s complex, and one wrong move can cost you.
FIRPTA accounting tax services are here to make your life easier. They help you understand what you owe, make sure the right amount is withheld, and guide you through the paperwork maze. From buying to selling, they’ve got your back, ensuring you meet all FIRPTA requirements without the stress.
Investing in U.S. real estate is an attractive opportunity for international buyers, but it comes with unique tax obligations. One critical regulation that foreign investors must understand is the Foreign Investment in Real Property Tax Act (FIRPTA). FIRPTA ensures that the United States collects taxes on gains made by foreign individuals or entities when selling U.S. real property. Navigating these rules can be complex, which is why Firpta Tax Returns provides specialized solutions to streamline compliance and optimize tax outcomes.
Our mission at Firpta Tax Returns is to help foreign investors manage FIRPTA obligations effectively while minimizing errors and maximizing benefits. We offer comprehensive Firpta Accounting Tax Services, expert guidance, and personalized support for every stage of your investment.
The Foreign Investment in Real Property Tax Act (FIRPTA), enacted in 1980, requires foreign persons to pay U.S. income tax on gains realized from the sale of U.S. real property interests. Under FIRPTA, buyers of real estate from foreign sellers are obligated to withhold a portion of the sales price and remit it to the IRS. This ensures that the U.S. government can collect taxes owed on capital gains from non-resident investors.
Key points to understand about FIRPTA include:
FIRPTA applies to foreign individuals, corporations, and other entities disposing of U.S. real property interests.
Typically, the buyer withholds 15% of the gross sales price and remits it to the IRS. This withholding acts as a prepayment of the seller’s U.S. tax liability.
Foreign sellers must file a U.S. tax return to report the actual gain, which may result in a refund if the withholding exceeds the actual tax due.
Despite its importance, many foreign investors struggle with FIRPTA compliance. This is where Firpta Tax Returns steps in, offering professional services that ensure all reporting and withholding requirements are met efficiently.
Managing FIRPTA tax obligations requires both precision and experience. At Firpta Tax Returns, we provide dedicated support to help investors navigate these complexities. Our approach is tailored to meet the needs of foreign real estate investors at every stage, from initial property acquisition to final sale.
We guide clients through:
Assistance with FIRPTA tax refunds if excess withholding occurs
We understand that investors may not be familiar with U.S. accounting practices. Our Firpta accounting tax services are designed to provide:
Strategic tax planning to optimize investment outcomes
Every real estate transaction is unique, and foreign investors face different tax situations depending on the property type, ownership structure, and residency status. We offer tailored support to ensure:
By combining technical expertise with personalized service, Firpta Tax Returns ensures that foreign investors stay compliant while minimizing financial stress.
Compliance with FIRPTA involves submitting several IRS forms. Our team helps investors navigate these forms accurately:
Used by the buyer to report and remit withholding to the IRS.
Certifies the amount withheld and is provided to the seller.
Required for foreign sellers to report U.S. income, including gains from property sales.
May reduce or exempt withholding if specific conditions are met.
Understanding the nuances of these forms can prevent costly mistakes. Our professionals ensure that every submission is accurate, timely, and fully compliant.
Many foreign investors are surprised to learn that FIRPTA withholding does not always reflect the exact tax liability. In some cases, excess withholding occurs. Firpta Tax Returns provides strategies to minimize withholding legally through:
Calculating actual tax liability versus required withholding
Many foreign investors are surprised to learn that FIRPTA withholding does not always reflect the exact tax liability. In some cases, excess withholding occurs. Firpta Tax Returns provides strategies to minimize withholding legally through:
Calculating actual tax liability versus required withholding
If the withheld amount exceeds the seller’s actual tax liability, a refund is possible. Our team guides clients through the FIRPTA refund process, including:
By leveraging our expertise, foreign investors can recover overpaid taxes efficiently and reinvest in future opportunities.
Partnering with Firpta Tax Returns offers several advantages:
Reduce the risk of errors in reporting and withholding.
Stay fully aligned with FIRPTA and IRS requirements.
Avoid delays in transactions caused by tax compliance issues.
Access professional guidance on complex tax matters.
Focus on your investment while we handle the tax complexities.
Our goal is to provide clarity and confidence to foreign investors, making the U.S. real estate market accessible and manageable.
Generally, buyers must withhold 15% of the gross sales price for U.S. tax purposes. This acts as a prepayment of the foreign seller’s tax liability. In certain situations, reduced withholding or exemptions may apply, and professional guidance can help minimize withholding.
The key forms include IRS Form 8288 and 8288-A for reporting and withholding, IRS Form 1040NR for reporting income, and FIRPTA affidavit or certification forms for potential exemptions. Accurate completion of these forms is critical to avoid penalties or delays.
Yes. If the withheld amount exceeds your actual tax liability, you may claim a refund by filing a U.S. tax return and providing supporting documentation. Our team specializes in assisting foreign investors in securing FIRPTA refunds efficiently.
Our Firpta Accounting Tax Services provide accurate bookkeeping, tax return preparation, and strategic planning tailored for foreign investors. We ensure all transactions are properly documented, calculations are precise, and compliance with IRS standards is maintained.
We offer specialized knowledge of FIRPTA regulations, personalized service, and a commitment to minimizing tax risks. Our team ensures you meet all U.S. tax obligations while optimizing financial outcomes, giving you confidence in every real estate transaction.
For comprehensive FIRPTA solutions and expert Firpta Accounting Tax Services, get in touch with our team:
2319 S.W. 29 Ave., Miami, FL 33145
2520, Coral Way, Suite 2014, Miami, FL 33145
754-368-2330
firptataxreturns@gmail.com
Investing in U.S. real estate should be rewarding, not stressful. With Firpta Tax Returns, foreign investors can confidently manage FIRPTA compliance, optimize tax outcomes, and focus on building their property portfolio.
