Monthly Archives: February 2016

Congress Increases FIRPTA Withholding Rate

Congress Increases FIRPTA Withholding Rate… FIRPTA is a law passed in 1981 requiring foreign persons to pay U.S. Income tax on the gains they make from the sale of U.S. real estate. The buyer of property sold by a foreign person is legally obligated to withhold a portion of the sales price and report the…

MAR Residential Contract of Sale Changes

Goldstein & Levy, P.A., General Counsel Legal Bulletin February 8, 2016 | MAR Residential Contract of Sale Changes… Please note the following changes that have been made to the MAR Residential Contract of Sale as of February 8, 2016: Paragraph 38 – Paragraph 38 was added to the Contract because some lenders are refusing to…