Kansas City Missouri FIRPTA Clauses: Contract for Real Property

State:
Multi-State
City:
Kansas City
Control #:
US-C-CL-655-1
Format:
Word; 
Rich Text
Instant download

Description

A clause dictates the conditions under which the contract is legally enforceable and determines the terms of the contract. Contracts often contain boilerplate clauses or standard clauses found across most contracts. These standard clauses do not require a lot of negotiation. Included is a Sample FIRPTA Clauses for a Contract for Real Property. 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.

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FAQ

With its rich history and thriving arts scene, Kansas City draws visitors to world-class museums like the Nelson-Atkins Museum of Art and the Negro Leagues Baseball Museum. The city's jazz heritage, showcased in lively venues along 18th and Vine, offers a unique musical experience.

The reality is that the city straddles the neighboring states of Missouri and Kansas due to a complicated history that has lasted nearly two centuries. Kansas City, Missouri (KCMO), and Kansas City, Kansas (KCK), are separately incorporated cities that come together to form the greater Kansas City Metropolitan area.

Walt Disney opened his first animation studio in Kansas City, Laugh-O-Gram studios, where he fed a small rodent that became the inspiration for Mickey Mouse. Hallmark, the largest greeting card maker in the world, began in KC in 1910 when Joyce C. Hall began selling postcards out of two shoeboxes at the local YMCA.

City founders derived the name from the Kansas, or Kaw, River which was named for the Kansa Indians. The state of Missouri then incorporated the area as the City of Kansas in 1853 and renamed it Kansas City in 1889. Why is there a Kansas City in both Kansas and Missouri? | KC History kchistory.org ? faq ? why-there-kansas-city-both-... kchistory.org ? faq ? why-there-kansas-city-both-...

Team History The Chiefs won three AFL championships in the 1960s, becoming the team with the most championships in the short-lived AFL. They also won their first Super Bowl when they defeated the Minnesota Vikings, 23-7, in 1970.

Fertile farmland is one of the state's top natural resources. The state's most abundant crop is wheat?no other U.S. state produces as much. In fact, Sumner County, Kansas, is sometimes called the Wheat Capital of the World!

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Kansas City Missouri FIRPTA Clauses: Contract for Real Property