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Updated over 6 years ago on . Most recent reply

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11
Posts
3
Votes
Erik Gardea
  • Minneapolis, MN
3
Votes |
11
Posts

Anybody know somebody that can help me with FIRPTA?

Erik Gardea
  • Minneapolis, MN
Posted

Hello everyone i am in a bit of trouble. I sold a property last year and it was subject to FIRPTA withholding as i made hefty chunk. I would like to recover that from the IRS and im looking for recommendations on a CPA or Tax Attorney that can help me with that. Thanks! 

Most Popular Reply

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532
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488
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Stanley Bronstein
  • Attorney, CPA, Broker & Author
  • Scottsdale, AZ
488
Votes |
532
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Stanley Bronstein
  • Attorney, CPA, Broker & Author
  • Scottsdale, AZ
Replied

@Erik Gardea Generally, you have to file a tax return and pay any taxes that are due. If they overwithheld, then you can get that amount back.

As you suggested in your original post, you need to hire a CPA or tax attorney to walk you through the process. I recommend you hire a local one, as there might be state tax issues as well.

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