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RP 420 Ab Rnw II Property Use Addendum #1 Nassau County Nassaucountyny Form

RP 420 Ab Rnw II Property Use Addendum #1 Nassau County Nassaucountyny Form

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Hello friends if you've ever sold a property in the US as a non- US citizen you are likely to come face to face with an unexpected guest the fura withholding [Music] tax FPA or the foreign investment in Real Property Tax Act is the law that makes sure the IRS takes a piece of the pie when non us residents sell property in the United States and how big of a slice well it's usually a healthy 15% of the sales price but here's the thing while this tax is meant to cover any us tax liability you might owe on the sale it's often too much so how do you get that money back let's dive into five simple steps to reclaim your fpto withholding and make sure the IRS give you what you are owed first off why does this withholding even happen well the IRS requires it to ensure nonresident sellers pay us taxes on the capital gains from Real Estate Sales F that typically withholds 15% of the gross sales price not your profit which can be let's just say a lot

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