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SELLER IS AFFIDAVIT OF FOREIGN STATUSSection 1445 of the Internal Revenue Code provides that a transferee of U.S. real property interest must withhold tax if the transferor is a foreign person. To
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Section 1445 of form refers to the certification by a foreign person that the amount withheld under chapters 3 and 4 of the Internal Revenue Code will be paid over to the IRS as required.
Foreign persons who receive certain U.S. source income are required to file section 1445 of form.
Section 1445 of form should be filled out by providing all required information regarding the foreign person and the U.S. source income received.
The purpose of section 1445 of form is to ensure that the appropriate amount of tax is withheld on U.S. source income paid to foreign persons.
Section 1445 of form requires information such as the name and address of the foreign person, the type of income received, and the amount withheld.
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