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Tax and Accounting Services For Foreign Owners of U.S. Property

When non-U.S. citizens own U.S. property, they face special tax considerations. Our team of experienced Accountants can help with specialized services that make the process less “taxing”:

  • Withholding Certificates
  • Individual Taxpayer Identification Number (ITIN)
  • Nonresident Tax Returns
  • Sales Tax/Tourist Tax for
    Rental of U.S. Property
  • IRS Forms 8288 and 8288-A
  • Certified Acceptance Agents (CAA)
  • Withholding Certificates
  • Individual Taxpayer Identification Number (ITIN)
  • Nonresident Tax Returns
  • Sales Tax/Tourist Tax for Rental of U.S. Property
  • Certified Acceptance Agents (CAA)
What is FIRPTA?

If you are a foreigner or you represent foreign real estate owners with U.S. property for sale, FIRPTA might affect you. FIRPTA stands for Foreign Investment in Real Property Tax Act, and it is the U.S. federal law governing the taxation and withholding by foreign persons selling U.S. real estate. It requires the seller of a foreign-owned property to withhold 0%, 10% or 15% of the sale price.

A Simpler Solution for FIRPTA in Florida

Would you like to avoid FIRPTA expenses, or speed up the return of FIRPTA withholding taxes, for yourself or your real estate clients? We can help with a simple solution for foreign owners facing FIRPTA withholdings on the sale of their U.S. property in the following ways:

1

Apply for an ITIN

2

File for a Withholding Certificate to get your refund faster

3

File your tax return

Apply for Your ITIN

A seller of a foreign-owned property must have an ITIN. Additionally, you need an ITIN to file for a Withholding Certificate, which speeds up the refund of the withholding. If you don’t have an ITIN yet, we can file for the ITIN and the Withholding Certificate.

Schedule an Appointment
Call 1-866-347-7821

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Calculate What You Will Owe the IRS

We’ve created resources to help our clients understand FIRPTA, including a FIRPTA withholding chart and our FIRPTA calculator.

Answer a few short questions to determine the following:

  • How much money will be withheld at the time of sale?
  • How much money will you get back and when?
  • What is the total amount of taxes will you owe?
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Why Choose The FIRPTA Group?

The FIRPTA Group is part of a family of companies that specializes in all things real estate. When you work with The FIRPTA Group, you benefit from the expertise of our entire team.

For A Simpler Solution to FIRPTA, Contact Us Today!
Call: 1-866-347-7821
Email: FIRPTA@CottrellTax.com