Examples of FIRPTA in a sentence

The private sector also needs to adapt to the role of “development” when participating in PPDP’s.
The Purchasers will withhold 10% of the amount realized by a tendering Unit holder from the purchase price payment to be made to such Unit holder unless the Unit holder properly completes and signs the FIRPTA Affidavit included as part of the Letter of Transmittal certifying the Unit holder's TIN, that such Unit holder is not a foreign person and the Unit holder's address.
A FIRPTA Affidavit or Transferor’s Certificate of Non-Foreign Status as required by Section 1445 of the Internal Revenue Code and an IRS Form 1099.
BOX B - FIRPTA AFFIDAVIT -- Section 1445 of the Code requires that each unitholder transferring interests in a partnership with real estate assets meeting certain criteria certify under penalty of perjury the representations made in Box B, or be subject to withholding of tax equal to 10% of the purchase price for interests purchased.
USRPIs for purposes of FIRPTA generally include interests in real property located in the United States and loans that provide the lender with a participation in the profits, gains, appreciation (or similar arrangements) of real property located in the United States.

More Definitions of FIRPTA

FIRPTA means the United States Foreign Investment in Real Property Tax Act of 1980.

FIRPTA has the meaning set forth in Section 5.7.

FIRPTA means a certification as to the nonforeign status for federal tax withholding purposes.

FIRPTA has the meaning ascribed to such term in Section 11(i) hereof.

FIRPTA shall have the meaning assigned thereto in SECTION 7.2(f).

FIRPTA means the Foreign Investment in Real Property Act of 1980.