Shulas Lunch & Learn – FIRPTA UPDATE with Nace Cohen
Do you list property owned by FOREIGN SELLERS? Are you familiar with FIRPTA? Many of you do…and many of you need to be! The firm would like to present Nace Cohen, President of 1031 Exchange Connection, Inc., who will discuss the Ins and Outs of FIRPTA, the Foreign Investment in Real Property Tax Act of 1980. Nace will discuss what the act is, how it applies to your sellers, and some of the exceptions to the withholding required by the act, and the modifications to the act that goes into effect this February. Attorney Michael Michetti will interject his own experiences with the tax withholding from a title agent perspective. Nace Cohen, CPA is a specialist in Real Estate Taxation and an Instructor on 1031 Exchanges, Income Taxes, and International taxes, including FIRPTA cases. Based in Naples, Florida, he acts as Qualified Intermediary.