Protect Your Buyers from FIRPTA

frascona.com/ - The federal Foreign Investment in Real Property Tax Act (“FIRPTA”) generally obligates any person who buys U.S. real estate from a foreign person to escrow 15% of the purchase price from the seller to motivate the foreign seller to file a U.S. tax return. A buyer who fails to comply will be liable for the foreign seller’s unpaid tax, and probably penalties and interest. This webcast will give you a general understanding of how to protect your buyers from FIRPTA. For more FIRPTA details, please read our article at frascona.com/dont-forget-about-firpta/. For those of you interested in including FIRPTA protection language in your contracts, consider ordering our law firm’s addenda package at: frascona.com/colorado-residential-contracts-addend…. For those of you interested in FIRPTA affidavits, please contact Julia at 303-494-3000.

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• #foreign_investment_in_real_property_tax_act
• #firpta
• #foreign_seller
• #real_estate