In 1980, Congress passed the Foreign Investment in Real Property Act (FIRPTA) to discourage foreign persons from investing in U.S. real estate. Through a combination of relatively high tax rates, ...

On May 19, 2023 the Internal Revenue Service (IRS) released AM 2023-003 (the Memo or GLAM) holding that the Foreign Investment in Real Property Tax Act's (FIRPTA's) 5% publicly traded exception (the 5 ...

On December 18, 2015, President Obama signed into law a bill that will significantly reform the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). The Protecting Americans from Tax Hikes ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Buckley’s anachronistic comments, harking back to America’s wartime confrontations with the easternmost of the Axis Powers, were intended to challenge rather than embrace a rising tide of xenophobia.

Even in the most heated political climates, not every bill introduced in the House of Representatives calls for partisan division. Even in the most heated political climates, not every bill introduced ...

The late 1970s and early 1980s were difficult years for the US economy. The Arab oil embargo, which began in late 1973, quadrupled the price of oil seemingly overnight and eventually led to an ...

We all know that foreigners have been snapping up real estate in the United States for a while, but are they taxed the same way? Since the introduction of the Foreign Investment in Real Property Tax ...