FIRPTA Withholding Tax On Sale Of USA Property – Common FAQ’s
What is FIRPTA? When any foreign person sells is USA-based property, they are subject to the FIRPTA TAX withholding as per the (Foreign Investment in Real Property Tax Act) at the rate of 10% or 15% of the Gross Proceeds by the US Escrow/Selling agent. For example:...
ITIN for US LLP/Foreign Partner/Member of Law Firm
ITIN for US LLC or LLP, I’m a foreign member. Do I need this US tax ID? All foreign member or nonresident alien (NRA) member of US LLC or US partnership will require to obtain an valid ITIN for opening personal bank account or to file US Nonresident Alien tax filing...
ITIN for Wages, Salary, Compensation, and Honoraria Payments (Claiming Tax Treaty Benefits)
Persons who are eligible to claim needs to obtain valid ITIN(US Tax ID): A) Individuals claiming the benefits of a tax treaty who are either exempt or subject to a reduced rate of withholding of tax on their wages, salary, compensation, and honoraria payments, ...

