FIR PTA Statement By Qualified Substitute is a document used in the Foreign Investment Real Property Tax Act (FIR PTA) withholding process. It is used when the seller of the real estate is not a US citizen or resident alien, or when the buyer is unable to provide the required information for the 1099-S form. The qualified substitute can be a US-based corporation, partnership, LLC, or other entity that is an approved substitute and certified by the Internal Revenue Service (IRS). There are two types of FIR PTA Statement By Qualified Substitute: 1. FIR PTA Statement By Qualified Substitute: This is used when the seller of the real estate is not a US citizen or resident alien and the buyer is unable to provide the required information for the 1099-S form. 2. FIR PTA Statement By Qualified Substitute Withholding Certificate: This is used when the buyer is required to withhold tax from the sale of foreign-owned real estate. The buyer must provide the required information to the IRS with the certificate and the IRS will determine the amount of tax to be withheld.
Firpta For Dummies
Description
How to fill out FIRPTA Statement By Qualified Substitute?
Coping with official paperwork requires attention, precision, and using properly-drafted blanks. US Legal Forms has been helping people nationwide do just that for 25 years, so when you pick your FIRPTA Statement By Qualified Substitute template from our library, you can be certain it complies with federal and state laws.
Dealing with our service is easy and fast. To obtain the necessary paperwork, all you’ll need is an account with a valid subscription. Here’s a brief guideline for you to obtain your FIRPTA Statement By Qualified Substitute within minutes:
- Make sure to attentively examine the form content and its correspondence with general and law requirements by previewing it or reading its description.
- Look for another formal blank if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
- ​Log in to your account and save the FIRPTA Statement By Qualified Substitute in the format you prefer. If it’s your first experience with our service, click Buy now to proceed.
- Create an account, decide on your subscription plan, and pay with your credit card or PayPal account.
- Decide in what format you want to save your form and click Download. Print the blank or upload it to a professional PDF editor to submit it electronically.
All documents are created for multi-usage, like the FIRPTA Statement By Qualified Substitute you see on this page. If you need them in the future, you can fill them out without re-payment - simply open the My Forms tab in your profile and complete your document whenever you need it. Try US Legal Forms and accomplish your business and personal paperwork quickly and in full legal compliance!
