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FIRPTA Withholding in New York - Peter Zinkovetsky
From Avenue Law Firm - In this episode, we discuss the complexities of the Foreign Investment in Real Property Tax Act (FIRPTA) as outlined in the article 'FIRPTA Withholding in New York'. FIRPTA imposes specific tax obligations on foreign investors involved in U.S. real estate transactions, particularly in Manhattan. We explore how this federal law impacts real property sales, highlighting the essential role of a Manhattan real estate attorney in navigating these intricate tax regulations.
Listeners will learn about the critical responsibilities under FIRPTA, including the 15% withholding…
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