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Purpose. Use Form 593: Certify the seller/transferor qualifies for a full, partial, or no withholding exemption. Estimate the amount of the seller's/transferor's loss or zero gain for withholding purposes and to calculate an alternative withholding calculation amount.

Non-Maine residents who sell real estate located in Maine are subject to a withholding amount equal to 2.5% of the sale price. This withholding is used as an estimated tax payment towards any Maine tax liability on the gain realized from the state.

are spouses and filing a joint Maryland income tax return, a separate Form MW506NRS must be completed for each transferor/seller that is entitled to receive any part of the proceeds of the transfer.

A foreign seller can reduce the FIRPTA withheld amount if they apply for a Withholding Certificate (Form 8288-B). That means they would need to have first a TIN (tax identification number) and if they don't they should apply for one as soon as possible and before the closing of the deal.

A pass-through entity having Maine-source income may file a composite income tax return for all of its eligible nonresident individual members who agree to participate. If a nonresident member participates in the composite return, an individual income tax return is not required from that member.

If you don't receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. The IRS may send you instructions through the mail if it needs additional information in order to process your return.

Under U.S. tax law, a foreign person that sells or exchanges a U.S. real property interest must report the gain on a U.S. tax return, and the buyer of the U.S. real property interest must withhold and pay to the IRS 10 percent of the gross amount paid to the foreign person.

If you receive an informational income-reporting document such as Form 1099-S, Proceeds From Real Estate Transactions, you must report the sale of the home even if the gain from the sale is excludable. Additionally, you must report the sale of the home if you can't exclude all of your capital gain from income.

FIRPTA mandates that a buyer of US real estate involving a foreign seller withholds 15% of the entire purchase/ sale price and that such amount is remitted to the IRS within 20 days of closing.