Protect Your Buyers from FIRPTA

https://frascona.com/ - The federal Foreign Investment in Real Property Tax Act (“FIRPTA”) generally obligates any person who buys U.S. real estate from a foreign person to escrow 15% of the purchase price from the seller to motivate the foreign seller to file a U.S. tax return. A buyer who fails to comply will be liable for the foreign seller’s unpaid tax, and probably penalties and interest. This webcast will give you a general understanding of how to protect your buyers from FIRPTA. For more FIRPTA details, please read our article at https://frascona.com/dont-forget-abou.... For those of you interested in including FIRPTA protection language in your contracts, consider ordering our law firm’s addenda package at: https://frascona.com/colorado-residen.... For those of you interested in FIRPTA affidavits, please contact Julia at 303-494-3000.