Examples of FIRPTA in a sentence

EXHIBIT D FIRPTA FIRPTA AFFIDAVIT NON-FOREIGN STATUS Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person.
EXHIBIT D FIRPTA [Form] FIRPTA AFFIDAVIT NON-FOREIGN STATUS Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person.
Effective February 27, 2016, the amendments to FIRPTA contained in the PATH Act have increased the holdback rate from 10% of gross proceeds to 15% of gross proceeds of the sale, regardless of whether the actual tax due may exceed (or be less than) the amount withheld if ANY of the following conditions are met: 1.
NOTICEFEDERAL FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT OF 1980 (FIRPTA) Upon the sale of United States real property, by a non-resident alien, foreign corporation, partnership or trust, the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), and as revised by the Tax Reform Act of 1984 (26 USCA 897 (C)(1)(A)(1) and 26 USCA 1445), Revised by the Path Act of 2015, These changes may be reviewed in full in H.R. 2029, now known as Public Law 114-113.
The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("FIRPTA").

More Definitions of FIRPTA

FIRPTA means the United States Foreign Investment in Real Property Tax Act of 1980.

FIRPTA has the meaning set forth in Section 5.7.

FIRPTA has the meaning ascribed to such term in Section 11(h) hereof.

FIRPTA means Foreign Investment Real Property Tax Act, as amended from time to time, including the rules and regulations promulgated thereunder.

FIRPTA means a certification as to the nonforeign status for federal tax withholding purposes.

FIRPTA shall have the meaning assigned thereto in SECTION 7.2(f).