FIRPTA – Foreign Investment In Real Property Act
I have recently attended a couple of seminars on the potential tax consequences when non US persons sell their property.
One of the main considerations for a non US person is how they take title when property is first purchased.
We suggest that you contact the Company below for a FREE consultation on the various alternatives for taking title available. Please mention that you were referred to them by Kurt Gearing Sunshine Realty of SW FL, Inc AND Barabara Weller West Coast Regional counsel, Sunbelt Title Agency, (these two companies have no financial or legal ties to each other).
Thomas C. Roberge & Company
One Beach Dr. SE STE 223
St. Petersburg, FL 33701
727 822 9393
727 823 6781 fax
Email: Susan@robergeco.com
When you do sell the property you will need a US Taxpayer ID Number (TIN). It can be obtained by completing IRS Form W-& at http://www.irs.gov/pub/irs-pdf/fw7.pdf
Business file IRS Form SS-4(EIN) http://www.irs.gov/pub/irs-pdf/fss4.pdf
In some case you will need the ID number to purchase property as well.
I have a FIRPTA Guidelines copy for you review. Please email me for copy at gearing_up@comcast.net.
Please do not hesitate to contact with any questions, I may not have the answer but I can find someone who does.
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