/ 0
Table of contents

Document in text mode:

Foreign sellers may be subject to percentage of the Gross Sales Price unless the transaction is exempt from FIRPTA withholding. (To determine if this Act pertains to your sale or purchase, see a CPA or tax attorney who is an expert in FIRPTA to discuss the withholding process and possible exemptions.)Republic Title of Texas is not responsible for determining whether the transaction will qualify for an exception or exemption.Below are helpful links from the IRS to learn more about this Act and ways to obtain an Individual TaxIdentification Number, apply for a W-7 and fill outthe W-7 form: • irs.gov/Individuals/International- Taxpayers/FIRPTA-Withholding• irs.gov/Individuals/ITIN-Guidance- for-Foreign-Property-Buyers-Sellers• irs.gov/pub/irs-pdf/iw7.pdf• irs.gov/pub/irs-pdf/fw7.pdf reserved. First American Title Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, and First...