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Non Foreign Affidavit under IRC 1445 Tennessee Form

Non Foreign Affidavit under IRC 1445 Tennessee Form

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in this video i will explain the purpose of the ferpta form and how you can easily prepare this form to meet any broker checklist requirement for paperwork for some reason agents do not like this form but it's actually really easy and very important so i'll explain so the ferpta is actually so fertile stands for foreign investment and real property tax act and basically and actually you know it shows you here now here's the important distinction this is why this whole form is so important this the ferpda determines whether or not the seller is a foreign person or entity subject to a tax withholding here's why it's important for the buyer because the buyer let's see enter so internal revenue code provides that a trans free buyer of u.s real property must withhold tax if the seller is a foreign person okay is it possible the seller could be a foreign person absolutely that's not rare at all in california what if they don't p

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