Foreigners Selling Property In The US
(Northern BC, Canada)
The IRS has released a video explaining the law when a US citizen buys property from a foreign owner. Go to the IRS video portal preview.irsvideos.gov> individuals> education> FIRPTA to view the video.
You can also find information on the IRS website's FIRPTA withholding page. Go to www.irs.gov> Businesses> Small Business / Self-Employed> International Taxpayer> FIRPTA Withholding ... or just type FIRPTA Withholding into their search box. You are looking for the article date November 18, 2010.
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