Trusted Guidance from PBC Accounting and Tax Services

The Foreign Investment in Real Property Tax Act (FIRPTA) is a federal tax law that applies when a foreign person sells a U.S. real property interest. Under FIRPTA, the buyer is generally required to withhold a portion of the purchase price and submit it to the IRS to cover potential tax obligations on the seller's gain.
This withholding requirement can be confusing and, if handled incorrectly, may result in penalties, delays, or unnecessary financial exposure. Having a knowledgeable tax professional involved early in the process can make a significant difference.

How PBC Accounting and Tax Services Supports FIRPTA Matters
At PBC Accounting and Tax Services, we provide practical, personalized support for FIRPTA-related transactions. Our team understands how FIRPTA intersects with broader tax obligations and works to ensure all filings, documentation, and timelines are handled correctly.

FIRPTA Compliance and Withholding Assistance
We help foreign sellers and U.S. buyers understand their responsibilities under FIRPTA, including proper withholding, required IRS forms, and submission deadlines.

Tax Planning for Foreign Investors and Businesses
Real estate transactions involving foreign ownership often come with unique tax considerations. We help clients plan strategically to reduce exposure, avoid surprises, and stay compliant with U.S. tax laws.

ITIN Application and Support
Foreign individuals who do not qualify for a Social Security Number may need an Individual Taxpayer Identification Number (ITIN) to meet FIRPTA requirements. As an IRS Certifying Acceptance Agent, we assist with ITIN applications, document verification, and proper submission to the IRS.

IRS Representation
As enrolled agents, we are authorized to represent clients before the IRS. If questions, notices, or FIRPTA-related issues arise, we can advocate on your behalf and help resolve matters efficiently.

Clients throughout Miami and South Florida trust PBC Accounting and Tax Services because we combine technical expertise with a personal approach.

• Local tax professionals serving Miami and surrounding communities
• Personalized guidance tailored to your transaction and tax situation
• IRS representation by licensed enrolled agents
• Comprehensive tax services, including personal taxes, business taxes, bookkeeping, and acceptance agent services