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Kat Rodgers

Foreign Tax CPA, LLC

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Foreign Tax CPA, LLC

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ITIN Processing Updates in 2026: What Foreign Sellers Should Know

Posted By Kat Rodgers 01-14-2026 12:21
Found In Egroup: Open Forum \ view thread
As of 2026, the IRS has not changed ITIN eligibility rules. However, the IRS has updated its internal processing procedures for how ITIN applications (Form W-7) are reviewed and handled. These changes don't alter who qualifies for an ITIN, but they do affect processing timelines and refund delays for ...

IRS Publishes Finalized 2026 Form 8288 for FIRPTA Withholding

Posted By Kat Rodgers 01-05-2026 12:50
Found In Egroup: Open Forum \ view thread
The Internal Revenue Service (IRS) has officially released the finalized 2026 version of Form 8288, U.S. Withholding Tax Return for Certain Dispositions by Foreign Persons. The form is used to report and remit withholding under the Foreign Investment in Real Property Tax Act (FIRPTA) and is effective ...

IRS Activity Resumes: Confirmed Updates on FIRPTA and ITIN Filings

Posted By Kat Rodgers 11-20-2025 12:42
Found In Egroup: Open Forum \ view thread
After a period of limited visibility, we are now seeing confirmed activity from the IRS across submission channels connected to FIRPTA Form 8288/8288-A filings and ITIN processing. These updates are based solely on documented IRS correspondence and cleared payments. IRS Fax Lines Are Responding Faxed ...

How the Government Shutdown Is Affecting FIRPTA Right Now

Posted By Kat Rodgers 11-12-2025 10:28
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With the ongoing federal government shutdown, many people have been asking how FIRPTA processes are being impacted. Here's what's actually happening based on the IRS shutdown procedures: ITIN Processing (Form W-7) Is Paused During a shutdown, ITIN Operations are closed. • Applications submitted ...

RE: Draft 2026 Form 8288: What It Means for FIRPTA & Withholding Agents

Posted By Kat Rodgers 10-16-2025 10:48
Found In Egroup: Open Forum \ view thread
Hi Debbie, You're exactly right. This setup creates potential confusion and risk. A buyer's refund request doesn't mean the funds belong to them; it's simply a procedural mechanism. That said, it definitely opens the door to misunderstanding. This version of the form is still in draft status from ...

RE: Challenges Foreign Sellers Face With EFTPS Enrollment and Use

Posted By Kat Rodgers 10-16-2025 10:48
Found In Egroup: Open Forum \ view thread
Hi Teri, At this time, the IRS has delayed the rollout of the electronic FIRPTA payment process. They are still accepting paper checks for all FIRPTA remittances until further notice. Once the IRS finalizes and announces the official implementation of electronic payments, we'll update our procedures ...

RE: Draft 2026 Form 8288: What It Means for FIRPTA & Withholding Agents

Posted By Kat Rodgers 09-30-2025 11:35
Found In Egroup: Open Forum \ view thread
Hi David, Under FIRPTA (IRC §1445), refunds belong to the foreign seller, and those are still issued only after the seller files a U.S. tax return with the IRS-stamped Form 8288-A. The buyer's banking details in Part V would not be used to return FIRPTA withholding to the seller. The new Part V is ...

Draft 2026 Form 8288: What It Means for FIRPTA & Withholding Agents

Posted By Kat Rodgers 09-26-2025 12:14
Found In Egroup: Open Forum \ view thread
On August 28, 2025, the IRS released a draft revision of Form 8288 (Rev. Jan. 2026), the U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests. This draft provides a clear signal that changes are coming for FIRPTA reporting and compliance in 2026. Key Changes ...

Draft 2026 Form 8288: What It Means for FIRPTA & Withholding Agents

Posted By Kat Rodgers 09-26-2025 10:25
Found In Library: Open Forum

Why ID Verification Matters for Closings: The Essential Role of a Certified Acceptance Agent (CAA)

Posted By Kat Rodgers 09-03-2025 11:39
Found In Egroup: Open Forum \ view thread
In today's real estate market, particularly with foreign buyers and sellers, ID verification is critical to ensure smooth, secure closings. With the growing prevalence of fraud, especially vacant land fraud, and the increased regulatory focus on compliance (including FIRPTA and FinCEN reporting), having ...

Why ID Verification Matters for Closings: The Essential Role of a Certified Acceptance Agent (CAA)

Posted By Kat Rodgers 09-03-2025 11:39
Found In Egroup: Open Forum \ view thread
In today's real estate market, particularly with foreign buyers and sellers, ID verification is critical to ensure smooth, secure closings. With the growing prevalence of fraud, especially vacant land fraud, and the increased regulatory focus on compliance (including FIRPTA and FinCEN reporting), having ...

Why ID Verification Matters for Closings: The Essential Role of a Certified Acceptance Agent (CAA)

Posted By Kat Rodgers 09-03-2025 11:38
Found In Egroup: Open Forum \ view thread
In today's real estate market, particularly with foreign buyers and sellers, ID verification is critical to ensure smooth, secure closings. With the growing prevalence of fraud, especially vacant land fraud, and the increased regulatory focus on compliance (including FIRPTA and FinCEN reporting), having ...

FIRPTA Alert: IRS Notice 2025-45 (Effective Now)

Posted By Kat Rodgers 08-26-2025 15:46
Found In Egroup: Open Forum \ view thread
Issued: August 19, 2025 The IRS has proposed targeted changes to FIRPTA under Notice 2025-45, offering streamlined treatment for certain inbound F reorganizations involving publicly traded foreign corporations. What is an inbound F reorganization? It's a specific type of corporate restructuring where ...

FIRPTA Withholding and Immigration Status

Posted By Kat Rodgers 08-14-2025 13:04
Found In Egroup: Open Forum \ view thread
We're seeing an increase in FIRPTA issues related to sellers undergoing immigration status changes, particularly in deportation proceedings. These situations can complicate transactions, especially when they shift a seller's tax classification mid-process. Here's what's important: Key IRS Facts ...

RE: Challenges Foreign Sellers Face With EFTPS Enrollment and Use

Posted By Kat Rodgers 07-30-2025 15:15
Found In Egroup: Open Forum \ view thread
Good Afternoon, Our office has received a significant number of inquiries regarding this topic, and we want to assure you that we are actively working on a comprehensive solution. We're taking the time to carefully evaluate all the moving parts so that you don't have to. At this point, we have ...

RE: Challenges Foreign Sellers Face With EFTPS Enrollment and Use

Posted By Kat Rodgers 07-30-2025 15:09
Found In Egroup: Open Forum \ view thread
Hi Dee, Nothing new will go into effect until September 30, 2025 so you can continue using your current process. We anticipate being able to share the full details with you by September 1, 2025. ------------------------------ Kat Rodgers Foreign Tax CPA, LLC Cocoa Beach FL +1 (321) 784-8329 --- ...

RE: Challenges Foreign Sellers Face With EFTPS Enrollment and Use

Posted By Kat Rodgers 07-24-2025 11:06
Found In Egroup: Open Forum \ view thread
Hi Peter, You're not alone-this is extremely confusing to all of us, especially with the IRS shifting to an EFTPS-only payment requirement under tight deadlines. We're actively working through the details and confirming exactly how this will need to be handled in practice. Once we have clearer guidance ...

RE: Challenges Foreign Sellers Face With EFTPS Enrollment and Use

Posted By Kat Rodgers 07-24-2025 10:14
Found In Egroup: Open Forum \ view thread
Hi Dawn, To activate an EFTPS account, a U.S. mailing address is required to receive the PIN by mail. The challenge is timing, there simply isn't enough time within the 20-day FIRPTA deadline to send and receive the PIN internationally and activate the account. ------------------------------ Kat ...

RE: Challenges Foreign Sellers Face With EFTPS Enrollment and Use

Posted By Kat Rodgers 07-24-2025 10:14
Found In Egroup: Open Forum \ view thread
Hi Dawn, To activate an EFTPS account, a U.S. mailing address is required to receive the PIN by mail. The challenge is timing, there simply isn't enough time within the 20-day FIRPTA deadline to send and receive the PIN internationally and activate the account. ------------------------------ Kat ...

RE: Challenges Foreign Sellers Face With EFTPS Enrollment and Use

Posted By Kat Rodgers 07-18-2025 11:23
Found In Egroup: Open Forum \ view thread
Hi Vanessa, Please reach out to us ahead of your next closing. We'll be happy to walk you through the process step by step to ensure everything goes smoothly when it's time to send the funds. ------------------------------ Kat Rodgers Foreign Tax CPA, LLC Cocoa Beach FL +1 (321) 784-8329 ------ ...