Common use of FIRPTA Clause in Contracts

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 if an exemption exists.

Appears in 4 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 376 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 377 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 person for purposes of U.S. 378 income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 person for purposes of U.S. 379 income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 requested documents to 380 verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 withhold such amount from 381 Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 if an exemption exists.

Appears in 3 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 626 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 627 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 628 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 629 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 630 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 631 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 632 if an exemption exists.

Appears in 3 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 739 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 740 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 741 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 742 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 743 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 744 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 745 if an exemption exists.

Appears in 3 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 626 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 627 the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a 628 foreign 608 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a 629 foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any 630 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 631 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if 632 withholding applies or 612 if an exemption exists.

Appears in 3 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 647 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 648 the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a 649 foreign 608 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a 650 foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any 651 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 652 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if 653 withholding applies or 612 if an exemption exists.

Appears in 2 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 622 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 623 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 624 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 625 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 626 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 627 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 628 if an exemption exists.

Appears in 2 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 751 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 752 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 753 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 754 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 755 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 756 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 757 if an exemption exists.

Appears in 2 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 735 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 736 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 737 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 738 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 739 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 740 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 741 if an exemption exists.

Appears in 2 contracts

Sources: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate (Residential)

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 621 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 622 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 623 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 624 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 625 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 626 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 627 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 707 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 708 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 709 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 710 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 711 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 712 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 713 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 680 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 681 the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a 682 foreign 608 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a 683 foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any 684 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 685 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if 686 withholding applies or 612 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 684 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 685 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 686 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 687 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 688 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 689 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 690 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 754 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 755 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 756 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 757 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 758 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 759 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 760 if an exemption exists.exists.‌

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 720 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 721 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 722 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 723 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 724 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 725 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 726 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s 's proceeds be 606 400 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 401 amount of the Seller’s 's tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 402 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 403 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 404 requested documents to verify Seller’s 's foreign person status. If withholding is required, Seller authorizes Closing Company to 611 405 withhold such amount from Seller’s 's proceeds. Seller should inquire with ▇▇▇▇▇▇’s 's tax advisor to determine if withholding applies or 612 406 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 816 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 817 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 818 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 819 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 820 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 821 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 822 if an exemption exists.exists.‌

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 621 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 622 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 623 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 624 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ Seller agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 625 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 626 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇Seller’s tax advisor to determine if withholding applies or 612 627 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 withheld after 627 Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 amount of the Seller’s tax, 628 interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 person for purposes of U.S. income 629 taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ Seller 630 agrees to cooperate with Buyer and Closing Company to provide any 73 reasonably 610 requested documents to verify Seller’s foreign person status. 631 If withholding is required, Seller authorizes Closing Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s 632 tax advisor to determine if withholding applies or 612 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 673 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 674 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 675 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 676 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 677 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 678 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 679 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 436 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 437 the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 person for purposes of 438 U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 person for purposes of 439 U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 requested documents 440 to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 withhold such amount 441 from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 if an exemption 442 exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 688 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 689 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 690 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 691 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 692 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 693 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 694 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 465 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 466 the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a 467 foreign 608 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a 468 foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any 469 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 470 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if 471 withholding applies or 612 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 withheld after 627 Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 amount of the Seller’s tax, 628 interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 person for purposes of U.S. income 629 taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ Seller 630 agrees to cooperate with Buyer and Closing Company to provide any 73 reasonably 610 requested documents to verify Seller’s foreign person status. 631 If withholding is required, Seller authorizes Closing Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇Seller’s 632 tax advisor to determine if withholding applies or 612 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 498 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 499 the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a 500 foreign 608 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a 501 foreign 609 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any 502 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 503 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if 504 withholding applies or 612 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 622 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 623 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 624 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 625 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ Seller agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 626 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 627 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇Seller’s tax advisor to determine if withholding applies or 612 628 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s 's proceeds be 606 626 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 627 amount of the Seller’s 's tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 628 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 629 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 630 requested documents to verify Seller’s 's foreign person status. If withholding is required, Seller authorizes Closing Company to 611 631 withhold such amount from Seller’s 's proceeds. Seller should inquire with ▇▇▇▇▇▇’s 's tax advisor to determine if withholding applies or 612 632 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 702 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 703 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 704 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 705 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 706 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 707 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 708 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 761 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 762 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 763 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 764 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 765 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 766 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 767 if an exemption exists.exists.‌

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 753 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 754 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 755 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 756 person for purposes of U.S. income taxation. ▇▇▇▇▇▇ agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 757 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 758 withhold such amount from Seller’s proceeds. Seller should inquire with ▇▇▇▇▇▇’s tax advisor to determine if withholding applies or 612 759 if an exemption exists.

Appears in 1 contract

Sources: Contract to Buy and Sell Real Estate