Selling U.S. real estate as a foreign investor?
If you're not familiar with FIRPTA withholding, you might face unexpected delays, frozen funds, or IRS penalties. No worries—Cao & Associates CPA offers full-service FIRPTA support to help you stay compliant and receive your funds smoothly.
🔍 What Is FIRPTA?
FIRPTA stands for Foreign Investment in Real Property Tax Act, a federal law that requires buyers to withhold 15% of the sales price when a foreign person sells U.S. real estate.
✅ Example:
If a foreign seller sells a property for $1,000,000, the buyer or escrow company must withhold $150,000 and remit it to the IRS as a prepayment of potential capital gains tax.
💼 Our FIRPTA Services Include:
✔️ Determining if FIRPTA applies to your situation
✔️ Preparing IRS Forms 8288/8288-A for the buyer and seller
✔️ Filing Form 8288-B to request FIRPTA withholding reduction or exemption
✔️ Assisting with ITIN (Tax ID) applications if needed
✔️ Preparing follow-up tax filings and tracking IRS responses
✔️ Capital gain reporting and tax return preparation
✅ Why Choose Cao & Associates CPA?
🎯 Extensive Experience – We specialize in helping non-U.S. residents handle real estate-related tax compliance
🧾 Streamlined Process – One-stop support from ITIN to FIRPTA filing and follow-up tax returns
⏱ Quick Response – We work closely with escrow and title companies to ensure deadlines are met
🌐 Bilingual Support – English and Chinese service available for seamless communication
📌 Contact Us:
🌐 Website: www.caoandassociates.net
📧 Email: info@caoandassociates.net
📞 Phone: 425-230-7538
💬 WeChat: WACPA3
💡 Tip:
FIRPTA applications can take around 90 days to process, so we recommend starting early to avoid delays in closing or receiving your funds.
Let a professional CPA help you minimize risks, avoid delays, and stay IRS compliant!
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