FIRPTA (Foreign Investment in Real Property Tax Act-2021CLC-RP03
Cost -
FIRPTA is the IRS acronym for the Foreign Investment in Real Property Tax Act, 26 USC Sect. 897. It is becoming more common for foreign persons to own property in the United States. While there are no prohibitions on non-US citizens holding title to real property, when those owners sell, they are subject to the same capital gains taxes as US citizens pay. Sellers and buyers, and their attorneys, need to know what to expect when dealing with a foreign seller and how to comply with the act’s requirements that are imposed on the parties in the real estate transaction.
Member - $25.00
Non-Member - $50.00
Student - $15.00
2021CLC Session Date - June 16, 2021 a.m.
Product ID - 2021CLC-RP03
CLE Credit
1.0 CT (General);
1.0 CT (General);
1.0 NY (AOP)
About the Program
FIRPTA is the IRS acronym for the Foreign Investment in Real Property Tax Act, 26 USC Sect. 897. It is becoming more common for foreign persons to own property in the United States. While there are no prohibitions on non-US citizens holding title to real property, when those owners sell, they are subject to the same capital gains taxes as US citizens pay. Sellers and buyers, and their attorneys, need to know what to expect when dealing with a foreign seller and how to comply with the act’s requirements that are imposed on the parties in the real estate transaction.
Credit
General:1.0
Description
The Real Property/Environmental Law Track
Presented by the Real Property Section
You Will Learn
- Why it is important to know about FIRPTA
- What types of real property transactions are subject to IRS tax withholding requirements
- What is required to comply with FIRPTA
Who Should Purchase
Attorneys whose practice includes representing clients who buy and sell real estate.
Speakers
David S. Veleber Bruce A. Zawodniak
Connecticut Attorneys Title Insurance Connecticut Attorneys Title Insurance
Company, Hartford, CT Company, Hartford, CT
☐The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. This program qualifies for transitional and non-transitional CLE credits.
Attorneys seeking NY CLE credit who have been admitted to the New York State Bar for two years or less must attend the live seminar for skills or ethics credit, or a fully interactive videoconference. Diversity, Inclusion and Elimination of Bias CLE credits are only available as non-transitional credits. For further information about transitional and non-transitional courses, please see the NYCourts.gov page on CLE: http://ww2.nycourts.gov/attorneys/cle/index.shtml.
Financial hardship information is available upon request.
Courses in package:
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