))
FIRPTA with John Strohmeyer
Fetch error
Hmmm there seems to be a problem fetching this series right now.
Last successful fetch was on May 24, 2024 05:10 (
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 377212110 series 3366757
Content provided by jenloanwithjen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by jenloanwithjen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode of the Loan with Jen podcast, we are joined by attorney John Strohmeyer to discuss the Foreign Investment in Real Property Tax Act (FIRPTA). FIRPTA caters to anyone interested in the world of real estate, especially those who aren't US citizens or permanent residents but are considering buying property in the United States. John, with his extensive knowledge of FIRPTA, breaks down this complex topic into digestible pieces.
We delve into the nitty-gritty of determining tax residency, considering factors like the number of days spent in the US and tax filing status. Our discussion sheds light on the complexities of FIRPTA and its potential impact on real estate transactions involving foreign individuals. Overall, we offer a clear and insightful overview of FIRPTA and its implications for foreign property investors.
In this episode, you’ll learn:
- Who qualifies as a "foreign person" under FIRPTA
- FIRPTA has two main aspects: US income tax and withholding tax
- Responsibility of buyers when engaging in transactions with foreign sellers
- Complications that arise when foreign owners pass away with US property
Must-listen moments:
[00:01:07] Overview and significance of FIRPTA
[00:01:30] The definition of a “foreign person”
[00:03:15] Criteria for determining tax residency in the US
[00:05:28] Exceptions on work visas who are considered residents for tax purposes
[00:13:09] Potential consequences of not complying with FIRPTA regulations
John Strohmeyer: https://www.strohmeyerlaw.com/
👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen
Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497
💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/
📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo
To contact us visit www.loanwithjen.com
Equal Housing Opportunity Lender NMLS# 514497
Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.
Resources mentioned in the episode:
https://www.loanwithjeneducation.com/
https://www.instagram.com/loanwithjen/
https://www.facebook.com/loanwithjen
https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g
77 episodes
Share
