According to IRS.gov, the withholding amount on the sale of US property can be adjusted if the IRS isssues a withholding certificate. A withholding certificate is an application for a reduced withholding based on the gain of a sale instead of the selling price. Withholding agents are generally required to withhold 15% on the sale or disposition.
If an application for a withholding certificate was not applied for then the funds must be remitted within 20 days of the sale. Our passion for assisting our clients and other professionals through the complex FIRPTA process, drives our business. Countless years of experience, our commitment to education, and our relentless dedication, defines who we are.
If an application for a withholding certificate was not applied for then the funds must be remitted within 20 days of the sale. Our passion for assisting our clients and other professionals through the complex FIRPTA process, drives our business. Countless years of experience, our commitment to education, and our relentless dedication, defines who we are.
Services
FIRPTA Solutions, Inc. was built out of necessity with a core belief in education. In an industry with limited and conflicting information on FIRPTA, our primary goal is to be a resource to buyers, sellers, title companies, attorneys, and other tax professions that need help assisting their clients through FIRPTA related transactions.
According to IRS.gov, the withholding amount on the sale of US property can be adjusted if the IRS issues a withholding certificate. A withholding certificate is an application for a reduced withholding based on the gain of a sale instead of the selling price. If 15% of the selling price is more than the tax you will owe on this sale, then a withholding certificate may be ideal for you.
Are you a person that needs to apply for an Individual Tax Identification Number, known as an ITIN? FIRPTA Solutions Inc. has Certified Acceptance Agents on staff to review your identification documents for authenticity so that you don't have to send the original to the IRS.
A Certified Acceptance Agent is a person or entity who has been authorized by the IRS to assist individuals and other foreign persons who do not qualify for a Social Security Number but who still need a ITIN to process a 1040NR or other tax schedules.Once we receive your acceptable documentation, we must complete a face-to-face interview to confirm your identity.
A Certified Acceptance Agent is a person or entity who has been authorized by the IRS to assist individuals and other foreign persons who do not qualify for a Social Security Number but who still need a ITIN to process a 1040NR or other tax schedules.Once we receive your acceptable documentation, we must complete a face-to-face interview to confirm your identity.
The sale of US real property by a foreign person is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. Persons purchasing US real property from foreign persons, certain purchasers' agents, and settlement officers are generally required to withhold 15% of the amount realized on the sale or disposition.
FIRPTA Solutions, Inc. is always looking at ways that we can help to improve the way our referral partners do business. Title companies and closing attorneys around the nation are adopting policies that prevent them from being able to prepare the IRS forms used to remit FIRPTA funds to the IRS. They understand that these forms are considered tax returns and they want to leave that job to the tax professionals.
Reviews (10)
Jodie Allen
Aug 13, 2021
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Francois Duminy
Jul 30, 2021
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I sold three US properties during the last two two months. FURPTA solutions assisted me with all US withholding IRS tax related issues. Thank you to Samantha and Patti for providing a stellar service. Without your professional knowhow and knowledge I would have been lost to this topic. Tour after service follow-up is also much appreciated!
Iain Barnie
Jul 12, 2021
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As Canadian first time home owners in Florida we were uncertain of the tax repercussions when we decided to sell our Fort Myers house.
We were recommended to FIRPTA Solutions by our Realtor Zachary Staruch of the Pelican Team.
I met with Samantha shortly after we had a firm offer on our property, Samantha was very knowledgeable and explained the entire process to me, she also explained the percentage government hold back and what funds we could expect and the timeframe we'd receive a refund cheque.
My wife was not with me in Florida at the time of the sale nor at closing but Samantha was able
We were recommended to FIRPTA Solutions by our Realtor Zachary Staruch of the Pelican Team.
I met with Samantha shortly after we had a firm offer on our property, Samantha was very knowledgeable and explained the entire process to me, she also explained the percentage government hold back and what funds we could expect and the timeframe we'd receive a refund cheque.
My wife was not with me in Florida at the time of the sale nor at closing but Samantha was able
Jonathan Manbode
Jun 26, 2021
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I have over 15 years experience in the customer service industry, dealing with the high end customers .I know about quality service. I'm not done with my process however, I'm exceptionally happy with the impeccable, professional, courteous, prompt, efficient and very detailed service I've received so far. You were highly recommended and you did not disappoint.
Thank you Julie and your team for your exceptional service.
Excellent choice for foreign buyers.
Thank you Julie and your team for your exceptional service.
Excellent choice for foreign buyers.
Satish Menon
Jun 17, 2021
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I want to specially thank Patti Vanerstrom who has taken up my paper work
for FIRPTA refund and did her job very efficiently and smoothly and without any doubt for all my future real estate sale works I will come to her and FIRPTA Solutions.
Thank You all the staff of FIRPTA Solutions.
Dr.Satish Menon
for FIRPTA refund and did her job very efficiently and smoothly and without any doubt for all my future real estate sale works I will come to her and FIRPTA Solutions.
Thank You all the staff of FIRPTA Solutions.
Dr.Satish Menon
Pierre Lavigne
May 22, 2021
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George Robertson
May 13, 2021
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You came very highly recommend.
From the first call, till the IRS filing, I could not have had a better experience!
Everyone I dealt with were professional and very helpful.
Communication is instant and informative.
An excellent choice for foreign buyers.
Thank you all for everything
G. Robertson
Ontario, Canada đŸ‡¨đŸ‡¦
From the first call, till the IRS filing, I could not have had a better experience!
Everyone I dealt with were professional and very helpful.
Communication is instant and informative.
An excellent choice for foreign buyers.
Thank you all for everything
G. Robertson
Ontario, Canada đŸ‡¨đŸ‡¦
Doug Way
Apr 23, 2021
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Supreme Title Closings
Apr 19, 2021
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I cannot say enough wonderful things about Julie Leapold, and FIRPTA Solutions. She is friendly, engaging and extremely knowledgeable. I am the Marketing and Sale Director for 6 large Title Companies. I wanted to offer my realtors additional education about FIRPTA, and our Underwriters provided glowing reviews about Julie and her team! I was blown away by Julie She kept our realtors engaged and provided the information they needed to know. She took challenging information and explained it so the realtors could understand—no easy feat! She also traveled across the state, took time out of her crazy
P. Marks
Jul 19, 2020
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Nothing but good things to say about FIRPTA Solutions. The service, professionalism and speed that they were able to expedite everything was amazing. As a Canadian who needed to sell my property in Florida, I was unsure of all the rules, laws and requirements that I need to know before and after selling my home in Florida but Julie at FIRPTA Solutions took care of everything for me and I was able to relax in knowing that everything was being done properly. The costs were very reasonable for all the work that they did. They took care of applying for my TIN number, the withholding tax, affidavit
