- NY Credits : 3.0
- TX Credits : 3.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 3.0
This course examines the world of international taxation and looks at how foreign investors are taxed on U.S. real estate during ownership. It also examines the details of the Foreign Investment in Real Property Tax Act (FIRTA) which addresses the tax consequences to foreign investors disposing of their U.S. realty interests. Finally, the course examines some options to minimize the FIRPTA tax. Other available international tax courses address both the U.S. tax consequences of U.S. taxpayers with foreign operations and the U.S. tax consequences of foreign taxpayers with U.S. operations. NOTE: This course has been updated for the relevant 2018 provisions of the Tax Cuts and Jobs Act and Bipartisan Budget Act, when and if applicable.
Upon successful completion of this course, the user should be able to:
determine the U.S. tax consequences of a foreign investor owning U.S. real estate,
summarize the application of the U.S. tax consequences when the foreign investor disposes of the U.S. real estate, and
determine structural alternatives for foreign investment in U.S. real estate.