What does FIRPTA mean for a Buyer? The Foreign Investment in Real Property Transfer Act (FIRPTA) requires any buyer of a U.S. real property interest to withhold 15% of the amount realized by a foreign seller. What is the purpose of FIRPTA? FIRPTA is a federal tax law that ensures that foreign seller...

Being self-employed indeed comes with attractive benefits. When you act as your own boss, there are myriad financial flexibilities that come with it. However, you also have the hassle to manage your tax liabilities optimally. You can effectively manage your expenses and reduce the burden of taxes by...