411 on FIRPTA
Oct. 17 - 9am - 10am
Overseas residents have had great success investing in U.S. real property, especially in Florida. Whatever form these foreign investments take, substantial taxes can arise with the eventual disposition of the property or interest in the entity holding the property. As you know, in 1980 the U.S. Congress passed the Foreign Investment in Real Property Tax Act – in short FIRPTA – to tax foreigners’ gains on income from and sales of U.S. real estate and other real property.
If your company would like to learn more about current FIRPTA regulations, Marena Loeffler, CPA, CEO of Allure Accounting will be discussing those subjects and how your international clients are affected by the laws. In her talk, she will explain the possible liabilities for real estate agents and title companies dealing with FIRPTA. More specifically, she will discuss what those firms are obligated to do under this law when dealing with a non-resident alien seller of real property.