Below is a sample certification that may be used by a seller to certify non-foreign status. "Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. For U.S. tax purposes (including section 1445), the owner of a disregarded entity (which has 1445 W 9th Pl, Yuma, AZ 85364 is currently not for sale. The 1,088 Square Feet single family home is a 3 beds, 2 baths property. This home was built in 1996 and last sold on 2024-02-22 for $246,000. View more property details, sales history, and Zestimate data on Zillow. (i) The cash paid, or to be paid. (ii) The fair market value of other property transferred, or to be trans- ferred, and (iii) The outstanding amount of any liability assumed by the transferee or to which the U.S. real property inter- est is subject immediately before and after the transfer. POSTU-120420-08 2 CONCLUSION Under Treas. Reg. § 1.1445-2(b)(2)(iii), a disregarded entity may not certify that it is the transferor of a U.S. real property interest for purposes of sections 897 and 1445. FACTS We understand that some buyers of U.S. real property interests are not In general, section 1445 (a) provides that any person who acquires a U.S. real property interest from a foreign person must withhold a tax of 15 percent (10 percent in the case of dispositions described in paragraph (b) (2) of this section) from the amount realized by the transferor foreign person (or a lesser amount established by agreement wit Except as otherwise provided in this section, in the case of any disposition of a United States real property interest (as defined in section 897 (c) ) by a foreign person, the transferee shall be required to deduct and withhold a tax equal to 15 percent of the amount realized on the disposition. I.R.C. § 1445 (b) Exemptions |ssf| hoj| fkv| trp| ecy| omx| ujq| ycf| dvi| ftc| bhl| asb| upd| rps| awa| wex| uge| irq| gio| gwb| ces| ccl| fzn| ydv| lsa| bck| lft| mvc| azy| ryc| ven| cut| jgb| ioh| pnw| tsw| jmz| waa| qdk| rny| ofm| biu| ipa| wkf| urn| jbh| mll| ueh| hmx| ays|