Why is the FIRPTA Affidavit Form Essential for Real Estate Transactions?
When it comes to real estate transactions involving foreign sellers, the Foreign Investment in Real Property Tax Act (FIRPTA) plays a crucial role. One of the key documents in ensuring compliance with FIRPTA is the FIRPTA Affidavit Form. This document serves as proof that either FIRPTA withholding is required or that an exemption applies. If you're involved in buying or selling U.S. property with a foreign entity, understanding this form is essential.
