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G e n e r an l I n f o r ma t i o n B o o k l e discount Tools Auction ONLINE ONLY AUCTION Event through Monday, May 28th Closing 5pm Location: 15846 N Cave Creek Rd, PHX, AZ 85032 Preview Day: Friday,

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Foreign Investment in Real Property Tax Act (FIRPTA) is a tax law that imposes income tax on foreign persons disposing of US real property interests.

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Foreign persons who dispose of US real property interests are required to file FIRS.

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FIRS can be filled out by submitting Form 8288 and 8288-A to the IRS after a transaction involving US real property interests.

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The purpose of FIRS is to ensure that foreign investors pay income tax on gains made from the disposal of US real property interests.

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FIRS must report details of the transaction, including the name and address of the foreign person, the property being transferred, and the amount of tax withheld.

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