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Foreign Investment in Real Property Tax Act Could Get You Arrested

by Robert Weglewski
in Articles, Dave Dinkel's Weekly Insights
on January 7, 2016

Why Do Aliens Have to Pay Real Estate Taxes on Sales? Because of the Foreign Investment in Real Property Tax Act. If you have ever purchased a property from a resident or non-resident alien, on the closing the seller (alien) pays a 10% tax to the IRS. This is called the Foreign Investment in Real…
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Foreign Investment in Real Property Tax Act Could Get You Arrested

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