In 1980, Congress enacted the Foreign Investment in Real Property Tax Act (FIRPTA), 26 U.S.C.S. 1445. The law provides that if a seller of real property is a “foreign person,” the buyer must withhold a tax equal to 10{a61c4e1b991c7f3a090c87cb66410712d4121fe18ab0f6421d85cbe80290558f} of the gross purchase price, unless an exemption applies under the […]