Congress Increases FIRPTA Withholding Rate
Goldstein & Levy, P.A., General Counsel Legal Bulletin 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…