FOREIGN NATIONALS & FIRPTA The U.S. Congress passed the Foreign Investment in Real Property Tax Act (FIRPTA) in 1980 to tax foreigner’s profits from the income resulting from the sale of any real estate or other real property held in the United States. If you’re a foreign national and you sell your interest in a property in the United States, the FIRPTA tax subjects you to a 15 percent withholding tax of the value of the property, even if you sold it at a loss. You must deposit the withholding amount with the U.S. Internal Revenue Service (IRS) within 20 days of the sale closing. The IRS withholds the tax as a deposit until you file your U.S. income tax returns, which must be by the following April 15. If the amount withheld is greater than the tax you owe, they refund the difference to you. If the amount withheld is less than the actual tax, you must pay the balance when you file your return. Like much of the U.S. tax code, this law can be confusing and open to some interpretation. Please review the information on this page, but always consult a specialist if you have any doubts. The multilingual Certified Public Accountants at Miller & Company, LLP are a part of the top-rated accounting firm with offices in New York City, Washington DC and Sarasota, FL. Miller & Company CPAs: Tax Accountants Sarasota, Florida 2831 Ringling Boulevard, #204B Sarasota, FL 34237 (941) 366-5646 https://www.cpafirmnyc.com/accounting-firm-sarasota-fl https://g.page/accounting-firm-florida?gm Working Hours: Monday:9:00 am - 7:00 pm Tuesday: 9:00 am - 7:00 pm Wednesday: 9:00 am - 7:00 pm Thursday: 9:00 am - 7:00 pm Friday: 9:00 am - 7:00 pm Saturday: 9:00 am - 4:00 pm Sunday: Closed Payment: cash, check, credit cards. Login Login 0 repins 0 comments 0 likes
Free Initial Consultation in Miller & Company CPAs: Tax Accountants A highly professional and experienced team of accountants at Miller & Company CPAs: Tax Accountants serves the most reputable Sarasota clients. This CPA firm is leading the market in customized, personal accounting services, delivering world-class consulting, compliance and tax services. The core focus of Miller & Company CPAs: Tax Accountants is solely on your financial objectives desired results. This CPA company is extremely committed to delivering top-quality service and you can be assured that they will treat your business as if it was their own. Do not wait any longer and make use of our limited-time event. You have a chance to receive your initial consultation in Sarasota for free today. Miller & Company CPAs: Tax Accountants Sarasota, Florida 2831 Ringling Boulevard, #204B Sarasota, FL 34237 (941) 366-5646 https://www.cpafirmnyc.com/accounting-firm-sarasota-fl https://g.page/accounting-firm-florida?gm Working Hours: Monday:9:00 am - 7:00 pm Tuesday: 9:00 am - 7:00 pm Wednesday: 9:00 am - 7:00 pm Thursday: 9:00 am - 7:00 pm Friday: 9:00 am - 7:00 pm Saturday: 9:00 am - 4:00 pm Sunday: Closed Payment: cash, check, credit cards. Login Login 0 repins 0 comments 0 likes
Miller & Company CPAs: Tax Accountants is a best-rated & most experienced accounting firm in Sarasota, FL. This is the only accounting company that is able to look out of the box and deliver the desired results. There is no single financial problem that cannot be fixed by a highly professional and experienced team of Miller & Company. Top-rated CPA company in Sarasota will be able to determine the right combination of solutions required to achieve your financial goals and let your wealth work for you. Miller & Company CPAs: Tax Accountants, located in Sarasota, FL realizes the importance of financial and tax accounting in current settings and is ready to offer a high-quality service. Our qualified specialists are also able to provide cost segregation study in tax deductions and ensure that you have all accelerated tax benefits. Our experienced team will put enough effort in order to solve your financial challenge. Accounting and financial planning are integral parts of any successful business. It allows tracking income and expenses as well as having a proper business and individual tax calculations. All the aforementioned quantitative financial information helps investors and management of the company to make the right business decisions. CONTACT TAX ACCOUNTANTS NOW (941) 366-5646 The best accounting firm in Sarasota, FL has enough competencies to offer the following services: best tax accountant HOA Accounting CIRA Accounting & Audits Foreign Nationals & FIRPTA Construction Accounting Services Real Estate Accounting Gift Tax fort Nonresident Aliens in the U.S. Miller & Company CPAs: Tax Accountants Sarasota, Florida 2831 Ringling Boulevard, #204B Sarasota, FL 34237 (941) 366-5646 https://www.cpafirmnyc.com/accounting-firm-sarasota-fl https://www.cpafirmnyc.com https://g.page/accounting-firm-florida?gm https://www.facebook.com/Miller-Company-LLP-741061575994635 https://twitter.com/sarasotacpafirm https://www.linkedin.com/company/miller-&-company-llp https://www.instagram.com/cpafirmsarasota https://www.youtube.com/channel/UCAtVqPa3AmY8OP-XMzoGu-g https://millercompanycpastaxaccountants.tumblr.com/ https://www.pinterest.com/sarasotacpafirm Login Login 0 repins 0 comments 0 likes