FIRPTA Advisory and Compliance Tax Services [FACTS]
Global Tax Solutions has resident experts that specialize in advising non-resident tax individuals and companies on FIRPTA related matters. We work with tax attorneys, real estate agents, and settlement companies to address the non-resident taxpayers FIRPTA compliance needs. Whether we are brought in before or after a FIRPTA real estate is sold our FACTS team works to address the compliance needs. Ideally its best to have the FACTS team contacted before a real estate disposition (sale) takes place. It allows us to facilitate proper withholding and expedite the tax compliance process.
Technical Tax Information for Realtors, Settlement Agents and Foreign Owners of U.S. Real Estate
Withholding of Tax on Dispositions of United States Real Property Interests
Withholding Certificates
Exemptions to FIRPTA Withholding
Filing of Necessary Tax Forms/Certificate Requests
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Form 1040NR - U.S Nonresident Alien Income tax Return
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Form 1120F - U.S. Income Tax Return of A Foreign Corporation
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Form 8288 - U.S. Withholding Tax of Return for Dispositions of by Foreign Persons of US Real Property Interests.
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Form 8288-A - Statement of Withholding Certificate on Dispositions by Foreign Persons of US Real Property Interests.
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Form 8288-B - Application for Withholding Certificate on Dispositions by Foreign Persons of US Real Property Interests.
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Form W-7 - Application for IRS individual Tax Payer Identification Number (TIN)
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Form SS-4 - Application for Employer Identification Number
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Form W-8ECI - Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States
We are experienced in preparing these forms and many more that allow us to work with your settlement agent to make sure you only pay the tax you are required to pay and to get you a tax refund if there is excess withholding.
Please Feel Free to Contact Us at (703) 717-5000 or info@globaltax.solutuions