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(HQ) Foreign Buyers and Sellers – The Things You Don’t Know Will Hurt You
February 8 @ 10:00 am - 12:00 pm
$15.00Instructor: Russell S. Jacobs, Atty
Early payment membership dues credits can be applied to this class if dues were paid in full prior to June 14, 2023.
Try to avoid jail time and thousands in fine when you represent foreign clients. Learn what you need to know in the new world of the law on foreign principles and other “must know” topics if you have any foreign buyers or sellers you are working with or will be working with. The new rules:
– Rule #1 What country are they from? There are new laws effecting certain residents from certain countries and there are fines and criminal penalties if not handled correctly. Discover what you need to know!
Rule #2 They are not allowed to die. Estate Tax can wipe out your entire investment, discover out to how to avoid it.
– Rule #3 They should be scared of monsters under the bed. One slip and fall and they’ll lose it all – how to separate properties and protect them.
– Rule #4 Never Let Your Accountant Remove Your Appendix, Pack Your Parachute, or Form a Company. It is not good enough to just create a company, there is real work to be done behind the scenes.
– Rule #5 Keep the IRS away from your closing table. How to structure the purchase to avoid 10% FIRPTA withholding.
AND MOST IMPORTANT OF ALL . . .
– Rule #6 Avoid a 35% personal penalty to you as the realtor of a foreign buyer’s property when you manage it.
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