The Foreign Investment in Real Property Tax Act requires 买家 in certain transactions involving foreign 卖家 to withhold funds for federal 税. What if I represent a foreign seller and he cannot afford to have the tax taken out of his proceeds?
The seller may request an adjustment of the amount withheld from the IRS by filing a withholding certificate application (IRS Form 8288-B). The buyer or buyer’s agent can also request this adjustment.
The IRS will generally act on the request within 90 days of receipt of an application. A seller who applies for an adjusted withholding must notify the buyer in writing that the certificate has been applied for no later than the closing date. Since the seller’s agent may not make the request on behalf of the seller, the seller’s agent should discuss the withholding certificate with the seller as an option during the 谈判 process.
I think the LISTING agent should start this discussion at the time of taking the listing if IRS can take 90 days …
The seller’s agent (mentioned in the article) IS the listing agent.
大约8年前, I had a client who needed the IRS to first, give an amount to pay off a “su弹性分组环ise lien” on a property that should have had zero liens and then, 一次支付, 给予留置权收据和解除留置权. Being that this was a hefty 6 figures and also a billionaire client, I got out of my comfort zone and went directly to the IRS in person. There is a different group of IRS employees that you don’t usually see when visiting the IRS offices. These, in my case, were agents with guns and badges that… 阅读更多»
斯科特,这太棒了. I’m 4 years late to the article and your comment, 但也许有一天它会帮到我, 这就是我可能会做的. 你去了哪个国税局? I mean, not necessarily what location, but rather, what department?
How can the seller’s agent verify or ask about the seller being a foreign person.
Ask them for their social security number or green card.
稍微不同的音符. I have a seller who inherited a property in Texas. 然而,她不是美国公民. I’ve tried to get her an ITIN number, because she does not have a social security number. I’ve taken her to the IRS, but the IRS has not help her at all. 有什么2021十大正规彩票app?
Contact Blanca Ruiz 972-754-8615 for help. She’s my assistant and is knowledgeable about these matters.