Blog Entries Tagged: accountant
Found 2 blog entries tagged as accountant.

Thinking about selling your Orlando vacation property?  You should be aware of an upcoming change in the U.S. Foreign Investment in Real Property Tax Act, otherwise known as FIRPTA. 

As of Feb. 16, 2016, any non-resident alien who sells an interest in U.S. real property will be subject to a 15 percent withholding rate on FIRPTA at closing. That is an increase from the current rate of 10 percent. 

The change means that anyone who buys property in the U.S. held by a foreign seller must withhold 15 percent of the gross purchase price. The title company remits the amount to the IRS at closing. The withholding would generally offset any tax actually due from the non-resident alien on the sale and would be eligible for a refund to the extent that the…

Thinking about buying a second home in Orlando? You’re not alone. People buy a second home in Central Florida for a variety of reasons. Some buy a home as an investment, and rent it out as a vacation property. Others buy a second home prior to retirement, with the goal of living there once they finish working full-time.

Whatever your reasons for wanting to buy a second home, it’s worth the investment to hire a real estate agent to help you locate and purchase a property. Here are a few reasons why:

Fiduciary responsibility. When you hire a real estate agent, that person will look out for your best financial interests. This is especially important when you’re buying a second home. As with your primary residence, there are a lot of costs that go into…