Tag Archives: FIRPTA

I’M A BRITISH CITIZEN WHO SOLD MY LOS ANGELES REAL ESTATE THREE YEARS AGO AND I NEVER RECEIVED A REFUND OF MY $300,000 WITHHOLDING TAX IMPOSED BY FIRPTA. CAN I STILL GET MY $300,000 REFUND? YES!!!

By Michael W. Brooks, Esq. President DIRECTS At DIRECTS (Domestic and International Real Estate Closing Tax Services, Inc.), all day, every day, we work on tax matters relating to FIRPTA (the Foreign Investment in Real Property Tax Act). We work … Continue reading

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Foreign Investors Entering Into Like-Kind Exchange Transactions- What About the 15% FIRPTA Withholding Tax (Part 2)?

By Michael W. Brooks, Esq. As discussed in Part 1, we know Foreign Investors are permitted to enter IRC Section 1031 (like-kind exchange) transactions provided certain conditions are met.  The Foreign Investor can avoid (really delay) paying tax on the … Continue reading

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