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What is fitt tat?

FITT TAT stands for Foreign Investment in Real Property Tax Act.

Who is required to file fitt tat?

Any foreign person who disposes of a US real property interest is required to file a fitt tat.

How to fill out fitt tat?

FITT TAT can be filled out electronically through the IRS website or by submitting a paper form.

What is the purpose of fitt tat?

The purpose of fitt tat is to ensure that foreign investors pay taxes on gains from the sale of US real property interests.

What information must be reported on fitt tat?

Information such as the seller's name, tax identification number, property description, sale price, and gain must be reported on fitt tat.

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