Foreign Investment in U.S. Real Estate: FIRPTA Withholding & Forms 8288/8288-A

Description

Foreign Investment in U.S. Real Estate: FIRPTA Withholding & Forms 8288/8288-A
IRS Program #: X9QQU-T-01116-24-O
CTEC #: 6257-CE-0278
CE: 2 IRS & 2 CTEC credit
Speaker: Rita Ryan, JD, LLM

U.S. real estate is a popular investment for nonresidents. Real estate investments present complex tax implications for nonresidents. This presentation will cover the ins and outs of the Foreign Investment In Real Estate Property Tax Act (FIRPTA) which applies to any sale or disposition of real estate made by a nonresident. Additionally, this course will provide an overview of applicable forms and discuss potential alternatives to exempt a transfer from FIRPTA, such as withholdings certificates, or nonrecognition transactions.

Learning Objectives:
After attending the session, the participant will be able to:

Identify real estate transactions potentially subject to FIRPTA.
Identify prospective FIRPTA implications for nonresidents.
Determine potential alternatives to reduce FIRPTA withholding.

Contributors

Rita Ryan, J.D, LLM

Rita leads Wolf’s International Tax Services Practice, where she focuses on tax planning and compliance for international holdings. Rita has extensive experience advising clients on the tax aspects of cross-border business activities, structuring international investments, and the United States compliance obligations relating to these activities and investments for both entities and individuals. Rita also works with other tax professionals as a trusted advisor to identify necessary reporting, advise on filings, or review work papers and prepared forms to ensure accuracy in this evolving international compliance landscape.

Prior to joining Wolf, Rita was in private practice as an Associate Attorney at the law firm of Vacovec, Mayotte & Singer, LLP where she focused in the areas of international and domestic taxation, estate planning, and tax controversy.

Rita is an Adjunct Professor at the Graduate Tax Program at Boston University School of Law where she co-founded and co-teaches “Foreign Information Reporting and Withholding.” She also teaches various other international tax topics for Strafford Publications, Tax Practice Pros, and Wolters Kluwer.

Involvement
- International Fiscal Association (IFA)
- Women of IFA Network (WIN)
- Massachusetts Bar Association
- Allinial Global, Inc.
Education
- Bachelor of Arts in History from Marist College
- Juris Doctor in Law from the Western New England University School of Law
- Master of Laws in Taxation from the Boston University School of Law
- Massachusetts Bar Association Leadership Academy Fellow

Description

Contributors

Rita Ryan, J.D, LLM