EPISODE · Oct 4, 2023 · 29 MIN
Ep. 98 - What is FIRPTA (Foreign Investment Real Property Tax Act)
from Real Estate Finder · host Matthew Maschler
Staci and Matthew talk about FIRPTA, the Foreign Investment Real Property Tax Act. What is FIRPTA? It is the withholding of a percentage of the sales price when the Seller is a non-Us person. Why? So the IRS can get paid. Matthew talks about some real estate deals he has done where this withholding is triggered. And we are joined by Attorneys Greg Gefen and Benjamin Werber via Youtube. FIRPTA: Sounds funny, but it won’t be funny if 15% is taken from the seller at closing. Have questions about FIRPTA? Have a seller who is a foreign national? You MUST listen to today’s podcast! Thanks for joining us on the Real Estate Finder Podcast! Brought to you by: Matthew H. Maschler, Esq. Real Estate Broker (561) 208-3334 [email protected] www.RealEstateFinder.com 6699 North Federal Highway, Suite 103 Boca Raton, FL 33487 And check out our other Podcasts: https://www.realestatefinder.com/podcasts/ Shop: https://www.prowrestlingtees.com/matthewmania Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Broward, Palm Beaches, and St Lucie REALTORS®. Help Israel Now! All support goes Straight to Israel's Soldiers www.yasharlachayal.org Learn how to support our efforts to provide housing in Haiti http://www.frank-mckinney.com/caring-house-project
What this episode covers
Staci and Matthew talk about FIRPTA, the Foreign Investment Real Property Tax Act. What is FIRPTA? It is the withholding of a percentage of the sales price when the Seller is a non-Us person. Why? So the IRS can get paid. Matthew talks about some real estate deals he has done where this withholding is triggered. And we are joined by Attorneys Greg Gefen and Benjamin Werber via Youtube. FIRPTA: Sounds funny, but it won’t be funny if 15% is taken from the seller at closing. Have questions about FIRPTA? Have a seller who is a foreign national? You MUST listen to today’s podcast! Thanks for joining us on the Real Estate Finder Podcast! Brought to you by: Matthew H. Maschler, Esq. Real Estate Broker (561) 208-3334 [email protected] www.RealEstateFinder.com 6699 North Federal Highway, Suite 103 Boca Raton, FL 33487 And check out our other Podcasts: https://www.realestatefinder.com/podcasts/ Shop: https://www.prowrestlingtees.com/matthewmania Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Broward, Palm Beaches, and St Lucie REALTORS®. Help Israel Now! All support goes Straight to Israel's Soldiers www.yasharlachayal.org Learn how to support our efforts to provide housing in Haiti http://www.frank-mckinney.com/caring-house-project
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Ep. 98 - What is FIRPTA (Foreign Investment Real Property Tax Act)
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