Advanced FIRPTA: Traps to Keep You Up at Night

At this year's Fall Tax Meeting, Taxation Partner Mark Stone will participate in a panel discussion on advanced Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding.

This panel will explore a variety of scenarios where the FIRPTA rules produce odd results that may come as an unwelcome surprise, even to seasoned tax planners. Among the problems to be addressed are issues relating to: real estate investment trust (REIT) structures, phantom income, U.S. real property holding corporations, tax withholding, and treaty exemptions for foreign sovereign nations.

The meeting will take place in Atlanta and is cosponsored by the American Bar Association (ABA) Section of Taxation and the ABA Section of Real Property, Trust & Estate Law's Trust and Estate Law Division.