09/02/2026
If you purchase real estate in the U.S. from a foreign person, corporation or partnership, you likely will be required to withhold income taxes on the transaction. That’s because of the Foreign Investment in Real Property Tax Act, or FIRPTA. Here’s what you need to know.
If you buy property in the US from a foreign owner, the IRS will likely require you to withhold sales proceeds to cover taxes the seller owes under FIRPTA.