FIRPTA for Real Estate Transactions

Why Attend?

Understand the essentials, including:

• The Foreign Investment in Real Property Tax Act (FIRPTA) explained;
• Withholding tax on foreign sellers of U.S. real property;
• Withholding requirements and rates;
• A practical checklist is provided to guide the practitioner in evaluating FIRPTA issues.

FIRPTA requires foreign persons to pay U.S. income tax on gains they make from selling U.S. real estate. This two-hour presentation explains FIRPTA comprehensively by discussing the general rule, exemptions to the general rule, limitations on the amount required to be withheld, special rules, procedures for withholding, delayed reporting, liability of agents and the transferee, and the role of title insurance in FIRPTA transactions.

Registration Deadlines:

Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE^®.

Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.

Dietary Restrictions: If you have dietary restrictions and are attending the seminar in person, please email deanna.mcglothlin@vacle.org.

Inclement Weather Policy and Updates

MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.

Private recording of this program is prohibited.

Can’t Attend?

E-mail distance_ed@vacle.org to be notified when/if this program is made available as an online or USB seminar.
E-mail publications@vacle.org to be notified when/if this program’s seminar materials are made available for sale.

Course Schedule

• Q&A will be handled via chat room for Webcast attendees.
• Q&A will be handled via e-mail for telephone seminar attendees.

About the Speaker

Kevin T. Pogoda, Old Republic Title / Manassas

Kevin T. Pogoda serves as First Vice President and Virginia State Manager, Northern Division, at Old Republic National Title Insurance Company. In his capacity as Virginia State Manager, he regularly speaks as an instructor before various groups, including attorneys, real estate agents, title examiners, and title settlement agents. He is also a Past President of the Virginia Land Title Association and is the proud recipient of VLTA’s Distinguished Service Award for 2017 and the 2021 VLTA Presidential Award for Service.