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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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What is fimts?
FIMTS stands for Foreign Investment in Real Property Tax Act.
Who is required to file fimts?
Any foreign person who disposes of a U.S. real property interest is required to file FIMTS.
How to fill out fimts?
FIMTS can be filled out online through the required forms provided by the IRS.
What is the purpose of fimts?
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.
What information must be reported on fimts?
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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