Addressing FIRPTA in Every Transaction

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Addressing FIRPTA in Every Transaction

Federal law affects every US real estate transaction, 26 USC 1445 states that every seller of US real estate is presumed to be foreign until proven otherwise. Not only does this law place a presumption, but also a burden on a buyer.  This seminar ushers the closing agent from the beginning of the transaction with a foreign seller through the issuance of a 1099-S. The buyer of US real property must determine if the seller is foreign or not. If the seller is foreign the buyer must withhold money from the sale and remit to the IRS within 20 days of the sale. There are exceptions, reductions and special forms all of which can be very confusing.
This instructional program navigates the process of identifying the seller’s status, any applicable exemptions, using the proper forms, where to place the withholding on the settlement statement. It will also cover how to review a request for a withholding certificate which, if approved, will reduce the amount of withholding.

This webinar is approved for 1.0 general and 1.0 real estate certification credit with The Florida Bar and 1 hour of continuing education with NALA. 

This seminar meets the requirements of the NALA certifying Board for continuing legal education credit required to maintain the CP (Certified Paralegal) credential.

The Florida Bar accreditation for this seminar will expire on October 31, 2024 and access to this seminar will not be available after that date.


Total $60.00

Legal Education

The best-in-class legal education designed specifically for Florida real estate attorneys and paraprofessionals. Get your competitive edge!

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