FIRPTA WITHOLDINGS Many of you are already aware that your foreign national clients who are selling U.S. real property are subject to a ten percent withholding on the purchase price due to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). The transferee/buyer is typically responsible for this withholding. If you are representing the buyer, it is important to know that your client could be held liable for the tax if they fail to withhold and the seller was [...]
