Real estate closings involve a number of financial and legal requirements, and when the seller is a foreign person, an additional federal law may come into play. The Foreign Investment in Real Property Tax Act (FIRPTA)Â establishes withholding requirements for certain transactions involving foreign sellers of U.S. real estate. For buyers, sellers, and real estate professionals,…
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FIRPTA and Real Estate Closings: What Buyers and Sellers Need to Know




