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Equator Land Services, LCF. I.R.P.T.A. FOREIGN CERTIFICATION BY ENTITY TRANSFEROR1) Section 1445 of the Internal Revenue Code provides that a transferee of a United States real property interest must
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01
To fill out section 1445, follow these steps:
02
Start by entering your name and contact information at the top of the section.
03
Next, provide a detailed description of the property being transferred. Include the address, legal description, and any relevant information about the property.
04
If you are the transferor, state your TIN (Taxpayer Identification Number) or SSN (Social Security Number). If you are the transferee, provide your foreign taxpayer identification number (FTIN) or SSN.
05
Indicate whether the transfer is subject to withholding and the amount of withholding tax, if applicable.
06
If you are exempt from withholding, provide the basis for exemption and any supporting documentation.
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Finally, sign and date the form to certify that the information provided is true and accurate.
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Note: It is always recommended to consult with a tax professional or refer to the instructions provided by the IRS for specific guidance on filling out section 1445.

Who needs 1 section 1445 of?

01
Section 1445 is needed by individuals or entities involved in the transfer of real property located in the United States.
02
This section is particularly important for foreign individuals or entities who may be subject to withholding tax on the sale, exchange, or disposition of real property situated in the U.S.
03
Additionally, buyers or transferees who are required to withhold and remit tax on the transfer of real property must also use section 1445 to report the transaction.
04
It is crucial to comply with the requirements of section 1445 to ensure proper reporting and withholding of taxes related to real property transfers.

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