Canadians! Did you know there could be a withholding tax when you sell your Arizona property called FIRPTA?
FIRPTA Foreign Investment in Real Property Tax Act “The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests.” […]