Our team have over 43 years combined experience, we know the process in and out. Let us do the work so you can rest assured that you are maximizing your refund!
Beyond FIRPTA returns, we also offer Certifed Acceptance Agent Business and Accounting/Tax services.
Here are our top services priced to help your specific refund needs. For a complete list, visit our Services page here.
If you’re a foreigner or non-resident Alien to the U.S. involved in selling or buying real estate in the U.S., we’re here to serve your tax-return filing needs and obtain the FIRPTA taxes that were withheld from your sale.
Our team have over 43 years combined experience, we know the process in and out. Let us do the work so you can rest assured that you are maximizing your refund!
Beyond FIRPTA returns, we also offer Certifed Acceptance Agent Business and Accounting/Tax services.
Here are our top services priced to help your specific refund needs. For a complete list, visit our Services page here.
If you’re a foreigner or non-resident Alien to the U.S. involved in selling or buying real estate in the U.S., we’re here to serve your tax-return filing needs and obtain the FIRPTA taxes that were withheld from your sale.
FIRPTA [Foreign Investors Real Property Tax Act] Consultation, Forms, Procedures, And Applications
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Certified Acceptance Agent Services
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Our team has over 43 years of combined experience and thousands of refunds delivered, we know the process in and out. Let us do the work so you can rest assured that you are maximizing your refund! Beyond FIRPTA returns, we also offer Certifed Acceptance Agent Business and Accounting/Tax services. Here are our top services priced to help your specific refund needs. For a complete list, visit our Services page here.
Navigating U.S. real estate taxes can be overwhelming for foreign investors. Firpta Services by Firpta Tax Returns simplify compliance with the Foreign Investment in Real Property Tax Act. Our team ensures that every affidavit, form, and application is prepared accurately, helping investors avoid penalties and unnecessary withholding. With professional guidance, foreign investors can complete transactions smoothly, retain more proceeds, and meet all IRS requirements.
Buying or selling property in the United States involves strict tax regulations, which can be confusing for non-residents. Many investors struggle to understand withholding obligations, exemption eligibility, and documentation requirements. Firpta Services provide guidance at every step, from reviewing contracts to preparing necessary affidavits and forms. By handling technical compliance, we allow investors to focus on their investment strategy and goals without worrying about delays or mistakes. Our approach is personalized. Each transaction is evaluated individually to determine applicable FIRPTA exemption rules, exemptions, and documentation requirements. This ensures that filings are correct and tailored to each client’s situation.
Foreign investors often need an Individual Taxpayer Identification Number for tax reporting. Our ITIN Certified Acceptance Agents assist with applications, verify required documents, and submit forms to the IRS, reducing processing delays. FIRPTA affidavits are another critical requirement when selling U.S. property. These forms confirm that withholding obligations have been properly calculated and applied. In certain cases, investors may also be eligible for a FIRPTA exemption, which reduces or eliminates withholding. Our team ensures that FIRPTA exemption affidavits are prepared correctly and filed according to IRS regulations, protecting your investment proceeds.
Understanding FIRPTA exemption rules can be challenging. Exemptions may apply depending on the property type, transaction structure, sale price, or treaty provisions. For example, residential sales below certain thresholds may qualify for reduced withholding, while specific corporate transactions might be exempt under tax law. By evaluating each situation thoroughly, we determine eligibility and guide clients through filing the necessary affidavits. Proper handling of exemptions ensures compliance, avoids penalties, and can significantly reduce withholding amounts.
Firpta Services go beyond simple form preparation. We provide end-to-end support for foreign investors, including coordination with buyers, sellers, and legal teams, as well as audit assistance when needed. Some of the key services include: Preparation and filing of FIRPTA affidavits and FIRPTA exemption affidavits Assistance with ITIN applications through ITIN Certified Acceptance Agents Guidance on FIRPTA exemption rules and eligibility Coordination with all parties involved in the transaction Post-transaction IRS compliance support By offering this range of services, we remove uncertainty from real estate transactions and allow investors to navigate U.S. tax obligations confidently.
Professional guidance offers multiple advantages. Investors gain faster processing of forms, reduced risk of errors, and accurate advice on complex rules. Our services allow clients to: Understand and apply FIRPTA exemption rules correctly Minimize unnecessary tax withholding Receive expert advice on ITIN Certified Acceptance Agent services and affidavits Ensure all documents meet IRS compliance standards Partnering with experienced agents ensures transactions are completed efficiently while keeping investors informed and compliant at every step.
Certain real estate transactions, such as high-value residential sales or corporate property transfers, involve additional complexity. Firpta Services evaluate each transaction individually, ensuring that all affidavits, exemption forms, and identification documents are correctly prepared and submitted. We also advise on strategic tax planning where applicable. While FIRPTA withholding is mandatory in many cases, understanding exemptions and filing requirements can help investors retain more of their proceeds. Clear guidance allows clients to make informed decisions without worrying about procedural mistakes.
Firpta Services from Firpta Tax Returns make U.S. real estate tax compliance manageable for foreign investors. From affidavits and exemption filings to ITIN Certified Acceptance Agent assistance and strategic guidance, our team ensures every transaction meets IRS requirements. By partnering with us, investors reduce risks, maximize their returns, and gain peace of mind throughout the process.
2319 S.W. 29 Ave., Miami, FL 33145
2520, Coral Way, Suite 2014, Miami, FL 33145
754-368-2330
firptataxreturns@gmail.com
FIRPTA is the Foreign Investment in Real Property Act. The purpose of FIRPTA is to ensure foreign persons who own U.S. Real Estate Property file the necessary tax documents regarding the sale or transfer of the U.S. property. While foreign persons who sell certain U.S. assets are not subject to capital gain on the sale (subject further to the 183-day rule), the same rules do not apply to the sale or transfer of U.S. real estate. Therefore, when a foreign person sells or transfers U.S. real estate, there are additional IRS processes and procedures the parties must go through to ensure tax compliance. With proper planning (and obtaining the Form 8288-B necessary certificate), the tax impact may be minimised.
The FIRPTA withholding certificate is used to minimize the amount of the sale price that is withheld. Here is an example of why it is necessary: Michelle is a foreign national who owns a U.S. property that she purchased for $800,000. She uses it as a rental property. Michelle sees the market declining and wants to pull the money out so that she is liquid to make other investments. She enters into a residential purchase agreement to sell the property for $840,000.
The capital gain on this type of sale is probably nil, once the expenses are factored into the sale price.
But, unless Michelle is able to obtain a withholding certificate, the US government will require that 15% of the sale price is withheld, which is $126,000.
It is important to note the difference that the 15% that the US government withholds is based on the sale price and not the gain.
In order to avoid a 15% withholding, the transfer can apply for a withholding certificate using IRS form 8288-B.
If the form is accepted by the IRS, then the standard 15% withholding does not apply and withholding based on the transfer or sale of the property will be reduced or eliminated.
Make sure to file in a timely manner. This is where it gets a bit tricky.
That is because the IRS (even before COVID) can take upwards of 90 days to process the 8288-B request. If the certificate is issued before the transfer of property, then no withholding may be required. If the certificate is issued after the withholding, it may speed up the time for refund, and if you are familiar with dealing with the IRS — it would be in your best interest to apply before the transfer.
FIRPTA, or the Foreign Investment in Real Property Tax Act, requires foreign persons (non-U.S. resident aliens) and entities to withhold a portion of the proceeds from U.S. real estate sales for tax purposes. This applies to foreign buyers and sellers in U.S. real estate transactions. If you’re a foreign individual or a representative (such as a title agent or attorney) handling a foreign seller, you’ll likely need FIRPTA filing services to meet IRS requirements.
Our services cater to various professionals, including real estate agents, title agents, attorneys, brokers, and foreign buyers and sellers. We provide tailored tax solutions that simplify the process for those involved in real estate transactions, as well as for anyone with IRS obligations. Our experienced team ensures that both individuals and corporations meet compliance standards efficiently.
We specialize in handling FIRPTA-related tax documentation so that you can focus on closing deals. For professionals like title agents and real estate brokers, our team prepares FIRPTA forms, certificates, and affidavits to ensure the transaction complies with IRS regulations. With our support, you save time and avoid potential delays in closing due to incomplete or incorrect filings.
We provide expertise in FIRPTA Withholding Certificates, which can help reduce or even eliminate FIRPTA withholding requirements. Our team guides you through the application process for these certificates, potentially allowing you or your client to retain more funds at closing rather than waiting until the next tax year for a refund.
No, you don’t have to send your original documents! As Certified Acceptance Agents (CAA), we can certify your original passport, visa, or national ID documents without submitting them to the IRS. This allows you to keep your important documents safe while still meeting FIRPTA and ITIN requirements.
An ITIN, or Individual Taxpayer Identification Number, is required for non-U.S. residents who need to file taxes but are not eligible for a Social Security Number. If you’re a foreign seller of U.S. real estate, you’ll need an ITIN to meet FIRPTA requirements. Our team helps with ITIN applications and certifications, ensuring a smooth process from start to finish.
Yes! If you’ve sold U.S. real estate as a foreign person, you can often file for an early refund within the same tax year rather than waiting until the next year. Typically, these refunds are processed within 90 days. Our team prepares and submits the necessary documentation to expedite your refund and ensure compliance.
In addition to FIRPTA filings, we offer a wide range of accounting and tax services for both U.S. residents and non-resident aliens. Services include IRS income tax returns, payroll tax filings, corporate tax filings, estate and gift tax returns, and tax consulting for audits, examinations, and collections. Whether you’re an individual or a company, our team provides customized support for your specific tax needs.
With over 43 years of industry experience, our team consists of professional accountants and tax preparers—not assistants or clerks—who work directly with clients. Our deep understanding of U.S. tax regulations and FIRPTA processes allows us to deliver top-notch service, helping you navigate complex filings with confidence.
No, we offer a free consultation to understand your needs and determine how we can best assist you. If you’re uncertain about FIRPTA requirements or have other tax-related questions, simply fill out our “Get in Touch” form. We’ll schedule a no-cost consultation to discuss your situation and outline how our services can benefit you.
A FIRPTA exemption affidavit is a document that allows foreign investors to claim a reduced withholding or full exemption when selling U.S. property. Our team ensures that affidavits are completed and filed accurately.
Most foreign investors require an ITIN to report property transactions to the IRS. Our ITIN Certified Acceptance Agents assist with document verification and submission to make the process smooth.
Eligibility depends on factors like property type, sale price, and transaction structure. Our experts evaluate each sale against current FIRPTA exemption rules to determine if exemptions apply.
Firpta Services handle complex forms, deadlines, and exemptions. Professional guidance reduces errors, saves time, and ensures IRS requirements are fully met.
Beyond filing, we coordinate with legal teams, review transactions, provide audit assistance, and guide clients through complex scenarios.
Processing times vary depending on documentation and IRS timelines. Our team ensures accurate preparation and submission to keep transactions on track.
