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Form 22E FIRPTA Certification Rev. 2/16 Page 1 of 1FIRPTA CERTIFICATIONCopyright 2016 Northwest Multiple Listing Service ALL RIGHTS RESERVEDThe Foreign Investment in Real Property Tax Act (FIRPTA),.

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Related content

FIRPTA Withholding | Internal Revenue Service
The disposition of a U.S. real property interest by a foreign person (the transferor) is...
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26 CFR § 1.1445-2 - Situations in which...
A transferee is in no event required to rely upon other means to ascertain the non-foreign...
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Foreign Investment in Real Property Tax Act...
The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), enacted as Subtitle C of...
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The IRS will generally act on these requests within 90 days after receipt of a complete application. All parties must have or at least apply for a US tax ID for a withholding certificate. The applicant must be able to prove their basis in the property.

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 FIRPTA affidavit, also known as Affidavit of Non-Foreign Status, is a form a seller purchasing a U.S. property uses to certify under oath that they aren't a foreign citizen. The form includes the seller's name, U.S. taxpayer identification number and home address.

FIRPTA Rules for Personal Residences To meet the residential requirement, the buyer must plan to reside in the property for at least 50% of the days the property was used by any person during the first two years after the transfer.

The Foreign Investment in Real Property Tax Act (FIRPTA) is a tax imposed on the amount realized from the sale of real property owned by a foreign seller. There are exceptions to this tax-withholding requirement.

The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests.

A foreigner selling property in the USA will have to pay their share in gains tax and FIRPTA withholding tax. The federal gain tax rate is 15% of the total capital gain, whereas non-residents will have to pay an additional tax of 8.82% as New York State charges.

Generally, the person (transferee) who pays an amount to the foreign person subject to withholding must do FIRPTA withholding.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232