Why Oregon Realtors Should Get Out Of The FIRPTA Business
July 27, 2019
FIRPTA and Buyer Liability. Until the last few years, the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”) was just an arcane acronym;
FIRPTA and Buyer Liability. Until the last few years, the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”) was just an arcane acronym;
From the IRS “It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold
On January 18/22, the Treasury Department and the Internal Revenue Service issued their final regulations regarding the new 20 percent deduction on qualified business income created
See: ORS 314.258 and Oregon Administrative Rule 150-314-258. Escrow companies are required to withhold a portion of a non-resident seller’s net proceeds from the sale
By Dani Deahl@danideahl Jun 21, 2018, 1:21pm EDT The US Supreme Court has overturned a tax-related ruling from 1992, freeing state and local governments to collect billions
AFFIDAVIT OF NON-FOREIGN STATUS [This Affidavit should only be used in sale transactions being closed by escrow.] Internal Revenue Code Section 1445[1] provides
A Wrong-Headed Law? Most people have never heard of the Foreign Investment in Real Property Tax Act, commonly known as “FIRPTA” – unless they have
As most taxpayers know by now, the TCJA reduced the available mortgage interest deduction from $1,000,000, to $750,000.[1] Essentially, if one bought a home today
What follows is a summary of tips when the seller is, or may be, a “foreign person” as defined by FIRPTA: Buyer Responsibilities Under FIRPTA. If
Well, after 11 ½ months of waiting, homeowners who had a taxable distressed housing event in 2015 can rest a little easier. What with a
