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FITS F u t you're I n s t i t u t e o f M an n a g e m e n t Technology and Science An ISO 9001:2008 Certified International Distance Learning Institute Working under BRIAN FOUNDATION PROSPECTUS 20142015
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FIMTS stands for Foreign Investment in Real Property Tax Act.
Any foreign person who disposes of a U.S. real property interest is required to file FIMTS.
FIMTS can be filled out online through the required forms provided by the IRS.
The purpose of FIMTS is to ensure that foreign persons pay taxes on gains derived from the sale or exchange of U.S. real property interests.
FIMTS requires information on the sale or exchange of U.S. real property interests by foreign persons, including the gain or loss realized.
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