I'm selling shares of a US company, not real estate — can FIRPTA still hit me?
I'm a foreign investor selling my stock in a US C-corporation. No deed, no closing on a building — just a stock transfer. The buyer's counsel raised FIRPTA and wants some kind of certification from the company. Why would FIRPTA apply to a stock sale, and what is this statement they're asking the corporation to sign?
Related Questions
Can I avoid FIRPTA by having my LLC elect to be taxed as a C-Corporation?
I've read that if my LLC is treated as a domestic C-Corp, the corporation can sell the property and the gain is taxed at the corporate level at 21%. Then when I eventually take distributions, I'd pay ...
My LLC has two foreign members and is taxed as a partnership — is it still FIRPTA when it sells?
Our US LLC is owned by two foreign people and we file a partnership return for it. We're selling the US property the LLC holds. Everything I read about FIRPTA assumes a single-member disregarded LLC. ...
If I own US real estate directly and die, does FIRPTA become an estate-tax problem too?
I'm a non-US person holding US rental property in my own name (well, in a disregarded LLC). I get that selling triggers FIRPTA. But what happens if I die still owning it? Is there a separate US tax at...
My LLC owns U.S. real estate — what is FIRPTA under IRC 897 and how does it affect me when I sell?
I'm a French citizen with a Wyoming LLC that holds a rental property in Texas. I'm thinking about selling the property next year. My real estate attorney mentioned FIRPTA and IRC 897, saying the buyer...
If I die while owning U.S. real estate through my LLC, does my family face FIRPTA AND estate tax?
Morbid question but important. I'm a 62-year-old citizen of Thailand with a rental property in Las Vegas held through a Wyoming SMLLC. My family is all in Thailand. If something happens to me, what ha...
The buyer wants to skip FIRPTA because they say the house is a future residence, but they also plan to rent it for a while. Is that still safe?
I am a Canadian seller and the buyer is trying to use the residence exception to avoid withholding. The problem is that in side conversations they also talk about renting the house before eventually m...
Does putting my US property in an LLC make FIRPTA go away?
Before I buy US real estate as a foreign person, I want to set it up right. A lot of formation services imply that holding the property in a US LLC means no FIRPTA when I eventually sell, because the ...
Does holding U.S. real estate through an LLC protect me from FIRPTA? My attorney said it would.
I'm a Brazilian citizen looking to buy rental properties in Miami. My attorney in Brazil recommended I set up a Wyoming LLC to hold the properties, saying it would "protect" me from FIRPTA. But I've b...
Are there any exceptions where FIRPTA withholding doesn't apply? I keep hearing about loopholes.
I'm a German national selling a small investment condo in Texas through my LLC. Sale price is about $250K. I've been told I'll lose 15% to FIRPTA withholding at closing, but a friend said there are ex...
Does FIRPTA treat commercial real estate differently from residential property?
I own a small strip mall in Texas through my foreign-owned LLC and I'm thinking about selling. Most of the FIRPTA information I find online talks about houses and condos. Are the rules different for c...
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