S 1445. Witholding of tax on dispositions of United States real property interests
Sec. 1445 provides that when a sale of a U.S. real property interest is made by a foreign person, the buyer is required to deduct and withhold a tax equal to ten percent of the amount realized from the sale of property. ... To be legally valid, non-foreign affidavit forms must be signed by the seller and notarized.
26 U.S.C.A S 1445, I.R.C. S 1445
F.I.R.P.T.A. AFFIDAVIT
The Foreign Investment in Real Property Tax Act Certification and Affidavit of Seller, to be delivered at the Closing, substantially in the form of Exhibit C hereto. ... FIRPTA Affidavit means affidavits pursuant to Section 1445 of the Code certifying to the non-foreign entity status of Seller.
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