Free Live Webinar: FIRPTA, PATH Acts Compliance
The recent changes to the Foreign Investment in Real Property Tax Act (FIRPTA) that came with the 2015 Omnibus Spending Bill are making waves in commercial real estate investment circles. Stay on top of what the changes mean to private equity, real estate and mutual fund investors and managers. The ins and outs are many and complex – if a REIT or a RIC (“regulated investment company”) is on your radar screen, the changes to FIRPTA are probably worth knowing about.
Mark the date: on Tuesday, April 12, 2016 at 2:00 pm EST, the National Association of REALTORSⓇ has scheduled a free live webinar on the very topic. Presenters include Evan M. Liddiard, CPA, NAR’s Senior Policy Representative on Federal Taxation. and Linda Monaco, Esq., Legal Education Attorney.
The Protecting American Taxpayers From Tax Hikes Act (PATH), enacted in December 2015, included several important changes to the Foreign Investment in Real Property Tax Act. The Path Act changes mean more foreign investment in U.S. real estate but also some compliance headaches. FIRPTA imposes a withholding tax on foreign persons disposing of real property in the U.S. This webinar will explain the reasons behind the changes and also teach everything you need to know about complying with the new rules. It will discuss recent changes to FIRPTA made by Congress, the tax implications for residential and commercial buyers and sellers, and practical “nuts and bolts” information about how to comply.
To register for this free NAR webinar on April 12, click here.