Senior couple signing documents with a pen on a table.

FIRPTA – A Buyer’s Responsibility Regarding the Seller’s Taxes

When engaging in a real estate transaction, buyers and sellers have many responsibilities.  One responsibility that may seem counter-intuitive and even unfair is that in a particular circumstance the buyer is responsible for withholding, reporting, and remitting to the Internal Revenue Service the Seller’s taxes on money realized from the...
FIRPTA – A Buyer’s Responsibility Regarding the Seller’s Taxes Continue reading…