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Connecticut Non Foreign Affidavit under IRC 1445 Form

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Connecticut Non Foreign Affidavit under IRC 1445 Form

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hello everyone this is Robert ASO The fura Specialist here at Freedom Tax and today we're going to be talking about fura which some people could find quite complicated but if you stick with me I'm going to make this fura topic super simple to understand what this FTA stands for FTA is foreign investment Real Property Tax Act and if you ever wonder how foreigners get taxed in the US that's what I'm here to show you today so the fra law was passed in 1980 and the purpose of it was for the US government to make sure that foreign ERS pay taxes on profits from selling us Investments or real estate before fora a foreigner could sell us Investments or us interest and not have to pay any tax and the US government the IRS was missing out on all of that tax remue once fura was put into place all of this changed now why does fura matter to you well from the seller perspective if you are a foreign seller of us real estate you are going to be subject to the fpto with

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