Examples of FIRPTA in a sentence
SELLER: By: Name: Title: 39485521v.14 OPERATING LESSEE: By: Name: Title: ASSIGNEE: By: Name: Title: 39485521v.14 EXHIBIT G FORM OF FIRPTA CERTIFICATE CERTIFICATE OF NON-FOREIGN STATUS TO: ____________________________________________ FROM: ____________________________________________ (“Seller”) Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person.
A Seller who is a foreign person should consult an 368 attorney or accountant familiar with the Foreign Investment in Real Property Act (FIRPTA) before entering into 369 negotiations or contracts for the sale of property.
Seller and Buyer will complete, execute, and deliver 166 as directed any instrument, affidavit, or statement reasonably necessary to comply with the FIRPTA requirements, including 167 delivery of their respective federal taxpayer identification numbers or Social Security Numbers to the closing agent.