Expert FIRPTA & Foreign National Title Services in Florida
Location Title & Escrow LLC provides specialized guidance and closing services for international clients buying or selling property in Florida, ensuring seamless FIRPTA compliance.
Understanding FIRPTA: A Guide for International Clients
The Foreign Investment in Real Property Tax Act (FIRPTA) is a U.S. federal law that imposes income tax on foreign persons disposing of U.S. real property interests. To ensure this tax is collected, the law requires the buyer (or their closing agent) to withhold a percentage of the gross sales price (typically 15%) and remit it to the IRS.
Navigating FIRPTA can be complex. There are exemptions, reduced withholding rates, and specific application processes (like Form 8288-B) that can significantly impact a foreign seller's proceeds. Location Title & Escrow LLC acts as your expert guide and closing agent, ensuring your transaction is handled correctly and efficiently.
How Location Title & Escrow LLC Assists Foreign Nationals
For Foreign Sellers
We manage the entire FIRPTA process, including determining applicable withholding, preparing necessary IRS forms, and coordinating with your tax advisor to apply for withholding certificates to potentially reduce or eliminate the amount withheld at closing.
For Buyers of Foreign-Owned Property
We ensure you meet your legal obligations as a buyer by correctly handling the withholding and remittance to the IRS, protecting you from potential liability.
For Real Estate Agents
Partner with us to provide your international clients with a seamless, compliant closing experience. We handle the complexities of FIRPTA so you can focus on the deal.
For All International Clients
Beyond FIRPTA, we offer comprehensive title and escrow services, including remote online notarization (RON), to make your Florida real estate transaction smooth, no matter where you are in the world.
Navigate Your International Transaction with Confidence
Don't let FIRPTA complexities derail your transaction. Trust the experts at Location Title & Escrow LLC to provide clear guidance and professional handling of your international real estate closing in Florida.
Contact Our FIRPTA TeamGet in Touch
Looking for title services or a quote for your property? We serve Miami Lakes, Miami, Fort Lauderdale, West Palm Beach, Orlando, Tampa, Naples, Doral, the Florida Keys, and all of Miami-Dade, Broward, Palm Beach, Orange, Monroe, and Collier Counties. We also offer Commercial Title Services and RON across Florida. Reach out to us today with any questions!
Contact Information
We are here to assist you with all your title and escrow needs. Reach out to us through any of the following methods.
Location Title & Escrow LLC Headquarters
15450 New Barn Rd #214
Miami Lakes, FL 33014
Business Hours
Monday - Friday: 9:00 AM - 5:00 PM
Weekend Closings: By Appointment