Georgia Tax Withholdings for Non-Residents & Foreign Sellers (FIRPTA)

Are you familiar with the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) and how it affects a foreign person with real property interest? Are non-Georgia residents subject to tax withholdings? Heema Patel, in-house attorney at Solid Source Real Estate Companies, answers FAQ and shares insight on situations when taxes are typically withheld at closing. Don't let this cause a last-minute delay or surprise! This information is extremely helpful to both agents and prospective buyer and sellers. --------- SUBSCRIBE TO OUR YOUTUBE CHANNEL TO BE THE FIRST TO LEARN OF INDUSTRY CHANGES AND EXCITING ANNOUNCEMENTS!!! HIT THE NOTIFICATION BELL :) https://bit.ly/3B4jZo6 If you have any questions or would like to understand more about being an agent with Solid Source, please visit https://www.solidsourcecareers.com or https://calendly.com/solidsource/info to schedule a confidential call with us! TESTIMONIALS FROM OUR AGENTS: https://bit.ly/3hlm9aU HELPFUL PLAYLIST FOR NEW OR RE-ENGAGING AGENTS: https://bit.ly/3qTp1iD TOP QUESTIONS ASKED BY AGENTS ANSWERED: https://bit.ly/3ywWvG1 HOT MARKET TIPS AND ANSWERS: https://bit.ly/3jRhoYl CONNECT WITH SOLID SOURCE: TWITTER: TWITTER:   / solidsourcerealestate   FACEBOOK:   / solidsource   WEBSITE: https://www.solidsource.com/ Copyright © Solid Source Real Estate Companies. All rights reserved. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, legal advice. You should consult your own legal counsel, or real estate broker if a real estate licensee, before engaging in any transaction.