Important Info for Buyers Purchasing Real Property from Foreign Sellers

Attention buyers purchasing real property from a foreign seller! The Internal Revenue Service places the burden on the transferee (the Buyer) for determining the citizenship status of the Seller, and for withholding a portion of the sale proceeds of a foreign Seller for payment to the IRS. Learn more about this on the FIRPTA Withholding page on the IRS website.

Remember… Your Case Escrow Officer is prepared to facilitate any necessary withholding, and will provide you with the required IRS forms!