IRS FIRPTA Withholding Certificate The IRS FIRPTA withholding certificate is an important tool for foreign sellers of U.S. real estate, allowing them to request a reduction or exemption from the standard 15% withholding tax on the sale of property. When you apply for the FIRPTA withholding certificate, the IRS evaluates your tax liability and may approve a reduced withholding amount. This certificate helps foreign sellers avoid excessive tax withholding and allows them to receive more of the sale proceeds upfront. To apply, foreign sellers need to submit IRS Form 8288-B, which includes details about the transaction and the seller’s tax status. Keep in mind that this process can be complex and time-sensitive, so consulting a tax professional with expertise in FIRPTA regulations is highly recommended. By following the IRS procedures, you can reduce your withholding tax obligations and ensure a smoother transaction. Know more - https://firptataxreturns.com/