FIRPTA Regulations & Tax Withholding
FIRPTA Regulations & Tax Withholding
The Foreign Investment in Real Property Tax Act (FIRPTA) requires the buyer or transferee to withhold up to 15% (Individual) or 21% (Corporation) of the sale of a U.S. real property interests in the United States from a foreign person.
CALL OUR FIRPTA EXPERTS, we can assist you with FIRPTA compliance!
Specialty FIRPTA Services
Realtors & Title Agents
It’s all about Teamwork!
LBEA is a leading full-service accounting and advisory firm providing real estate and title companies set of FIRPTA services. Discover the wide-ranging benefits that encourage realtors and title agents to partner with us like growing their business and expand their reach. We provides peace of mind to our clients because they can be assured that their services will be in compliance with FIRPTA regulations. We can be a major asset to your real estate and title business!
Foreign Sellers
We offer a full line of FIRPTA services at affordable prices. Our FIRPTA advisors will ensure that your transactions will be completed in a timely manner and that you don’t have to pay unnecessary taxes, penalties or interests. We specialized in providing FIRPTA services in Canada, France and England.
LBEA International Tax & Accounting
LBEA International Tax & Accounting
Welcome from the Lapierre, Brault, Elhour & Associates team. Our office is located in Fort Lauderdale, Florida. Established in 1977, our firm has grown into a comprehensive and competitive accounting firm.Our firm’s clients include medical and dental professionals, construction contractors, real estate brokers, health care centers, individuals with real estate investments and many others. We are able to provide a broad range of quality and efficient international accounting services. We serve the following countries: U.S.A., Canada, France and England. We believe in carefully assessing our clients’ financial information needs and providing the best match of capabilities to meet those needs.
All Your Accounting Services Under One Roof!
Bookkeeping
We recognize that accurate, reliable bookkeeping procedures are critical to a successful business. Our bookkeeper handles all financial transactions and record keeping. She records all transactions, posts debits and credits, produces financial statements and prepares reports and summaries for the accountant.
Financial Statements
Our firm offers financial statement preparation, review, and accounting to clients in a wide variety of industries, including retail, manufacturing, wholesale, construction and development.We offer monthly services as well as quarterly and yearly.
Payroll
Our payroll department will calculate your salaries and payroll tax obligations. We will prepare your quarterly, federal and state tax returns. We will provide you with your annual forms (W2-W3, 1099-1096, 940).
Sales Taxes
– Corporate tax: 1120, 1120S, 1120-F
– Partnership/LLC: 1065
– Sales tax returns: DR-15
– Payroll tax returns: 941, 940, UCT6, W2-W3, 1099-1096
Tax Preparation
– Corporate tax: 1120, 1120S, 1120-F
– Partnership/LLC: 1065
– Sales tax returns: DR-15
– Payroll tax returns: 941, 940, UCT6, W2-W3, 1099-1096
Tax Problem
– IRS audit
– State tax audits
– Sales & use tax matters
– Payroll tax matters
– Corporate reinstatements
FIRPTA
Foreign persons are generally exempt from U.S. tax on capital gains. Under FIRPTA, however, foreign persons are subject to tax on gains from disposition of U.S. real property interests (USRPIs).
Tax Preparation
– Individual Tax Returns: 1040, 1040NR
– Estates & trust: 1041
Tax Problem
We will handle the following for our already established clients:
– IRS audit
– State tax audits
We are Certified Acceptance Agent designated by the IRS
