Suffolk County Bar Association – Tax Law Committee CLE: What in the world is FIRPTA?

Are you or your client purchasing property in the U.S. from a foreign person? Enter the FIRPTA rules! The Foreign Investment in Real Property Tax Act imposes a tax on capital gains realized by foreign persons on the disposition of real property interests in the U.S. Learn more about FIRPTA – the who and what, the exemptions, and the forms and procedure to be in compliance.

In this CLE program the following topics will be discussed:

• Understanding what is FIRPTA and the transactions subject to it
• Exemptions to FIRPTA
• Procedure When Handling Matters Subject to FIRPTA

This program is being hosted by SCBA Taxation Law Committee Chair, Michelle E. Espey and Co-Chair, Adam P. Margulies.