FIRPTA Income Tax Withholding — Blog & Updates https://firptaincometaxwithholding.com/blog/ Practical FIRPTA updates for foreign sellers, buyers, title agents, and closing counsel. Forms 8288, 8288-A, 8288-B, EFTPS guidance, Section 899, state nonresident withholding. en-us © 2026 FIRPTA Income Tax Withholding office@firptaincometaxwithholding.com (FIRPTA Income Tax Withholding) office@firptaincometaxwithholding.com (FIRPTA Income Tax Withholding) Fri, 08 May 2026 12:00:00 +0000 FIRPTA Site Static Generator Section 899 Surcharge: What FIRPTA Sellers from 'Discriminatory Tax' Countries Need to Know https://firptaincometaxwithholding.com/blog/section-899-surcharge-firpta-foreign-sellers.html https://firptaincometaxwithholding.com/blog/section-899-surcharge-firpta-foreign-sellers.html Fri, 08 May 2026 12:00:00 +0000 Section 899 of the One Big Beautiful Bill Act adds 5–20 percentage points to FIRPTA withholding for sellers from designated countries. Here's who's affected, the math, and how Form 8288-B interacts with the surcharge. FIRPTA Income Tax Withholding The 1% Remittance Excise Tax: What Foreign Sellers Need to Know in 2026 https://firptaincometaxwithholding.com/blog/1-percent-remittance-excise-tax-firpta.html https://firptaincometaxwithholding.com/blog/1-percent-remittance-excise-tax-firpta.html Thu, 07 May 2026 12:00:00 +0000 A new 1% federal excise tax (IRC §4475) on outbound transfers took effect January 1, 2026. It applies on top of FIRPTA withholding when foreign sellers wire proceeds home — here's how it works. FIRPTA Income Tax Withholding EFTPS Mandate for FIRPTA: What Buyers Need to Do Now https://firptaincometaxwithholding.com/blog/eftps-mandate-firpta-buyers.html https://firptaincometaxwithholding.com/blog/eftps-mandate-firpta-buyers.html Wed, 06 May 2026 12:00:00 +0000 The IRS issued a mandate requiring all FIRPTA withholding to be remitted electronically via EFTPS. The mandate has been postponed — but buyers should enroll now. Here's why and how. FIRPTA Income Tax Withholding Form 8288 January 2026 Revision: One Form Per Disposition Now Required https://firptaincometaxwithholding.com/blog/form-8288-january-2026-revision-per-disposition.html https://firptaincometaxwithholding.com/blog/form-8288-january-2026-revision-per-disposition.html Tue, 05 May 2026 12:00:00 +0000 The IRS revised Form 8288 effective January 2026, now requiring a separate form for each disposition and a separate 8288-A for each foreign seller. Here's what changed and what it means at closings. FIRPTA Income Tax Withholding State Nonresident Withholding on FIRPTA Transactions: California, Hawaii, Colorado, NJ, Georgia Compared https://firptaincometaxwithholding.com/blog/state-nonresident-withholding-firpta-comparison.html https://firptaincometaxwithholding.com/blog/state-nonresident-withholding-firpta-comparison.html Mon, 04 May 2026 12:00:00 +0000 FIRPTA is the federal layer, but several states levy their own nonresident-seller withholding on top. A side-by-side look at what foreign sellers face in CA, HI, CO, NJ, and GA. FIRPTA Income Tax Withholding Closing Date Changes and FIRPTA Penalties: What You Lose by Not Telling Us https://firptaincometaxwithholding.com/blog/closing-date-changes-firpta-penalties.html https://firptaincometaxwithholding.com/blog/closing-date-changes-firpta-penalties.html Sun, 03 May 2026 12:00:00 +0000 A pending Form 8288-B, a 20-day remittance window, an IRS that scrutinizes postmarks. When the closing date slips and we don't know, the buyer can face up to 25% in late-filing penalties. FIRPTA Income Tax Withholding Installment Sales and FIRPTA: The Trap Nobody Talks About https://firptaincometaxwithholding.com/blog/installment-sales-firpta-trap.html https://firptaincometaxwithholding.com/blog/installment-sales-firpta-trap.html Sat, 02 May 2026 12:00:00 +0000 Selling a U.S. property to a foreign seller on installment terms triggers special FIRPTA rules — withholding on each payment, separate Form 8288 per payment, and continuing buyer liability long after closing. FIRPTA Income Tax Withholding ITIN Processing Times in 2026: What to Expect, How to Plan https://firptaincometaxwithholding.com/blog/itin-processing-times-2026.html https://firptaincometaxwithholding.com/blog/itin-processing-times-2026.html Fri, 01 May 2026 12:00:00 +0000 ITIN processing under Exception 4 (FIRPTA) currently takes 7–12 weeks at the IRS. Peak season can stretch longer. Here's what 2026 timelines actually look like and how to plan around them. FIRPTA Income Tax Withholding