In the United States, when a non-resident sells U.S. real estate, FIRPTA (Foreign Investment in Real Property Tax Act) requires the buyer to withhold a portion of the sales proceeds and remit it to the IRS. For sellers, understanding and correctly handling FIRPTA withholding is crucial. Cao & Associates provides professional FIRPTA withholding accounting services across the U.S., helping clients manage taxes efficiently and compliantly, avoiding unnecessary penalties and interest.
Our FIRPTA Services
1️⃣ Regular FIRPTA Withholding
Under IRS rules, a non-resident seller must have the buyer withhold a certain percentage (usually 15%) of the sales price. We assist clients to:
- Calculate the withholding amount
- Complete the relevant FIRPTA forms (Form 8288, 8288-B)
- Submit tax payments and filings correctly
2️⃣ FIRPTA Reduce Withholding
In certain cases, sellers may apply to reduce FIRPTA withholding, for example:
- Sales proceeds are lower than the standard withholding amount
- Other applicable tax credits or deductions
We help clients prepare and submit the request for IRS approval, ensuring withholding is reasonable and compliant.
3️⃣ FIRPTA Related Forms
We are experienced with all FIRPTA-related forms and filings:
- Form 8288 – Buyer’s withholding payment form
- Form 8288-B – Seller’s request for withholding reduction
We ensure all forms are completed accurately and submitted on time, minimizing IRS risks.
Why Choose Cao & Associates?
- Nationwide Service – We serve clients across all U.S. states, remotely or on-site
- Professional Experience – Years of handling FIRPTA withholding, reduction requests, and Form 8288 / 8288-B filings
- Compliance & Peace of Mind – Ensuring legal compliance and avoiding IRS penalties
- Bilingual Support – Professional Chinese & English services for smooth communication
Contact Us
If you are selling U.S. real estate or need FIRPTA withholding services, contact Cao & Associates for professional guidance:
Cao & Associates
📱 WeChat: WACPA3
📞 Phone: 425-230-7538 / 425-336-8675
📧 Email: info@caoandassociates.net
Let our expertise handle FIRPTA withholding, making your real estate transactions compliant, secure, and worry-free!
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