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Closing Deals + Dodging Tax Hurdles!!

May 21 @ 10:30 am - 12:30 pm

a flyer for a tax event with a picture of a house

Navigating Maryland’s Withholding Tax and FIRPTA!!

  • Preparing Sellers: Understanding the conditions under which Maryland withholding tax applies to real estate transactions, particularly for out-of-state and VA sellers
  • Exemptions and Exceptions: Identifying situations where sellers may be exempt from withholding tax or eligible for reduced withholding rates, such as primary residence exemptions or sales below a certain threshold.
  • Foreign Seller Identification: Recognizing when FIRPTA applies, especially in transactions involving foreign sellers or entities.
  • Noncompliance Penalties: Understanding the potential penalties for failing to comply with withholding tax and FIRPTA requirements, including interest charges and legal consequences.
  • Professional Guidance: Recognizing the importance of seeking advice from tax professionals or legal experts familiar with Maryland real estate laws and federal tax regulations to navigate these complexities effectively

Details

Date:
May 21
Time:
10:30 am - 12:30 pm

Venue

Lakeside Title – Columbia
9200 Old Annapolis Road
Columbia, Maryland United States
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