Daily Archives: February 16, 2016

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Congress Increases FIRPTA Withholding Rate

Legal BulletinsBy Anthony Angell February 16, 2016

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…

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