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FIRPTA 10% Withholding Rule on Foreigners Selling Real Estate in the United States, Overview and Some Tips...

As many of you know, when a non-resident alien sells property located in the United States, the IRS has a 10% withholding requirement. The amount is 10% of the Selling Price, and is not based upon the profit. If nothing is done to avoid withholding, then the full 10% must be remitted to the IRS.  But did you know that your non-resident sellers may have other options?

SHORT SALES 101 - "FACTS AND MYTHS"