Hello ALTA members...
I want to touch on a recurrent matter/questions,
DOES THE FOREIGN SELLER NEEDS A U.S. TAX ID AT THE MOMENT OF CLOSING?
Well, technically no, HOWEVER, the ITIN application can be send with the closing documents and the withholding check to the IRS, if the IRS assigns an ITIN with the closing documents the 8288-A comes back with the seller's Tax ID written on it and is much easier to recover the FIRPTA deposit for the seller.
Please give us a call, we are Certified Acceptance Agents, licensed by the IRS to certify and verify passports for the W-7 ITIN application.
------------------------------
Mary Enzi
Tax Solutions – FIRPTA Consulting
Barker TX
+1 (281) 578-1040
[email protected]------------------------------