FIRPTA Real Estate Lawyer in Florida

South Florida is prized for its pristine beaches, premium country clubs, and high quality of living. It is no wonder we see many foreign buyers and sellers seeking property in our area. The Foreign Investment in Real Property Tax Act (FIRPTA) is the federal law that oversees tax payments on U.S. real property interests by non-foreign taxpayers. FIRPTA rules are complicated, and the penalties for violating them can be severe, so it is no surprise that the rule’s requirements and exceptions are often misunderstood. Here are a few key takeaways: