FIRPTA Call Now: MIAMI (305) 672-4272 OR BROWARD: (954) 763-4272
The FIRPTA Tax Rate applicable may be 15% (versus the old 10% rate) on properties selling for US $1 Million or more.
The 10% rate may apply for properties selling for under $1 Million – only if they meet the IRS criteria to be still eligible for the 10% rate. Otherwise, the 15% FIRPTA rate may apply to those sales under $1 million!
If you have questions or need help with FIRPTA Call Now (305) 672-4272. Alternatively, you can email us at DAVID@CPA-FL.COM.
See our Firm Video on FIRPTA Assistance:
Per FIRPTA Tax Rules: If a person is a US Non-Resident Foreigner & disposes of an interest in U.S. real property, then all parties to the sale or transfer are generally responsible for FIRPTA tax withholding. If you have questions or need help with FIRPTA Call Now:
MIAMI (305) 672-4272 OR BROWARD: (954) 763-4272
For any potential exceptions to FIRPTA withholding tax applicable, these are not generally “automatically” applicable for the FIRPTA Exclusion.
You must file an Early Withholding Exemption Applications with the IRS in advance of a real estate closing in general.
The IRS will hold you liable if deems you are a responsible party for the FIRPTA withholding tax!
A Realtor, purchaser, or real estate attorney who has a foreign non-resident individual client faces this exposure. The same goes for a foreign entity or even a U.S. entity which is owned by a foreign person.
It is critical that the seller or purchaser engage a Certified Public Accountant or Tax Attorney to consult for FIRPTA.
If you have questions or need help with FIRPTA Call Now (305) 672-4272.- for a FIRPTA CPA or as well as need Business or Individual Tax Advice:
Contact Our Firm at:
PHONE: (305) 672-4272 [4CPA]
E-MAIL: DAVID@CPA-FL.COM
WEBSITE: WWW.CPA-FL.COM
DAVID L. WRUBEL, CPA, PA
407 LINCOLN ROAD – SUITE 4-G
MIAMI BEACH, FLORIDA 33139
FIRPTA Call Now (305) 672-4272 for FIRPTA Assistance from a FIRPTA CPA for the FIRPTA EXCLUSION
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