I don't have an SSN — how do I get the ITIN I need for Form 8288-B?
I'm filing Form 8288-B to reduce FIRPTA withholding on my exchange, but the form wants a US taxpayer ID for every party and I'm a nonresident with no SSN. How do I actually get a number in time? Can I do the ITIN application and the 8288-B together, or do I have to get the ITIN first and then wait? I'm worried the timing will blow my exchange.
Related Questions
I don't have a US tax number yet and I'm selling — does FIRPTA filing just stop?
Foreign seller here, closing soon, and I've never had a US tax ID. The title company says they still have to send the FIRPTA money to the IRS, but without my number I'm worried the paperwork can't be ...
We have two foreign sellers on one deed. Do we need one FIRPTA statement or two?
My brother and I are both nonresident sellers on the same U.S. property sale. The closing company is handling the deal, but different people on the team are giving different answers on whether one FIR...
How do I stop FIRPTA from trapping cash I don't actually owe in tax?
My real gain on this US sale is small because my basis is high, but at 15% of the sale price the buyer would hold back a huge amount and I'd wait ages for a refund. Is there a way to reduce what's wit...
I'm buying a property from a foreign-owned LLC — what are MY obligations as the buyer for FIRPTA?
I'm a U.S. citizen buying a house from someone who I think is a foreign national (they have a foreign-sounding name and the property is in a Wyoming LLC). I'm not sure if FIRPTA applies or what I need...
Can a non-resident actually do a 1031 exchange on US rental property, or is that only for Americans?
I'm a nonresident alien and I own a US rental property through a single-member LLC. I want to sell it and roll the gain into another US rental instead of paying tax now. Is a Section 1031 like-kind ex...
Where do I actually claim the FIRPTA money back, and why does the refund take so long?
The buyer withheld a big chunk under FIRPTA on my US sale and I have the stamped statement. As a foreign individual, where on my return do I claim that as a credit? And I keep hearing refunds can take...
What are all the FIRPTA deadlines I need to know about? I keep finding different dates and I'm confused.
I'm planning to sell my investment property through my foreign-owned LLC sometime this year. I've been researching FIRPTA and there seem to be multiple deadlines — 20 days for something, 90 days for s...
If my sale is a 1031 exchange, does the FIRPTA 15% withholding still apply?
I keep getting conflicting answers. My closing agent says because it's a like-kind exchange, no FIRPTA withholding is needed. My CPA partner says it depends. Who is right? I'm a foreign person selling...
Our Form 8288-B was filed before closing but the IRS has not answered yet. Do we still send the withholding money right away?
The seller is from France and the closing agent filed Form 8288-B because the default FIRPTA amount looks far above the actual likely tax. The application was filed before closing, but we still have n...
The foreign seller has no ITIN yet. Does that stop the FIRPTA filing?
We are a small title team and the seller is from Mexico. The sale is moving fast, but the seller still does not have an ITIN, and the buyer is asking whether that means the whole FIRPTA package has to...
Have a similar question?
ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.
Become a Member — $9.99/moDisclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.
