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Hi everyone! If you haven't seen it yet, the IRS published a fact sheet in response to EO 14247. We finally have some (not all, but some) answers to a few of our burning questions. You can read it for yourself here: fs-2026-02.pdf Electronic Payments From the IRS: This is happening and we are already ...

Hi Judith, The IRS has paused electronic FIRPTA payments until further notice. ------------------------------ Julie Lepore Owner Total FIRPTA LLC Cape Coral FL +1 (239) 266-8516 [email protected] www.totalfirpta.com ------------------------------

After all the hype, the IRS finally came out with new guidance today regarding electronic payments for FIRPTA, and it seems we are spared for now. According to the article, the IRS instructs taxpayers to continue with current payment methods until further notice. You can read the article here: ...

I hate to jump on the bandwagon, but after the number of calls I've gotten from panicked closing agents, I figured this was a good time to share my take on the executive order everyone's buzzing about. Apologies in advance for the long post. Yes, it's true that starting September 30, 2025, the executive ...

Hi Mary, Good information! I think it's important to remind everyone that timeshares don't qualify for the buyer residency exception. Since a person can only occupy the property a few days or weeks per year, it doesn't meet the 50% rule. ------------------------------ Julie Lepore, Owner Total FIRPTA ...

Hi David, I agree with Mary. 11 months is not a normal processing time for the ITIN application, but it is normal for the 8288-B. In my experience, withholding certificates are taking anywhere from 12 to 18 months or more. Back in the good old days (before Covid) these applications were taking 90-120 ...

Hi Mary, I truly admire your dedication to educating the real estate community, especially on topics as complex as FIRPTA. Your insights have been invaluable to many, and I applaud your efforts in providing solid guidance. In the spirit of professional dialogue, I would like to contribute to the ...

Hi Connie, I use www.tincheck.com. They have two options for payment. You can either pay a monthly fee or you can purchase a block of credits. If this is just a one off request, I don't mind using one of my credits for you. Call me at the office if you'd like my help using the program. ...

Hi Nancy, I'm sorry to hear that impersonation fraud is on the rise in your area. We've been dealing with it in South Florida for several years now. I'm not a title agent, but I work with hundreds of them across the nation, especially when it comes to foreign sellers. I use three programs ...