DEDICATED. EXPERIENCED. Providing Innovative Legal Solutions to Complex Personal and Business Tax Matters

Fort Lauderdale Real Estate Attorneys

Handling Real Estate Tax Issues

Real estate and tax issues frequently overlap. Anyone who buys or sells real estate needs to understand the potential tax issues. Failure to develop appropriate tax strategies can create profound problems going forward.

At Bucci Law Offices, our lawyers have substantial experience representing domestic and international buyers and sellers of real estate. With offices in Miami and Fort Lauderdale, our experienced attorneys guide clients through the opportunities and challenges of Florida's real estate market.

Reach out to us at (954) 800-2333 to learn more and get started on your case. Our real estate tax attorneys in Fort Lauderdale are ready to help.

Serving a Diverse Clientele

At Bucci Law, we provide legal guidance to all kinds of clients who have a stake in a real estate transaction or dispute.

We offer high-quality legal services to:

  • Individual buyers and sellers
  • Real estate investors
  • Investment partnerships
  • Real estate brokers
  • Mortgage brokers
  • Property management firms
  • Developers
  • Lenders
  • Landlords
  • Tenants
  • Other real estate professionals

We are recognized for knowledgeable and personalized service, a commitment to clients, and a wide range of real estate law capabilities.

Helping You Avoid Property Tax Issues with Your Foreign Investments

In South Florida, increasing numbers of foreign investors are investing in the U.S. real estate market. When individuals or businesses from outside the U.S. sell commercial or investment properties to U.S. citizens or companies, a special tax liability arises. It is important to understand your rights and responsibilities regarding this real estate tax – otherwise, you may be liable for a tax you were not originally obligated to pay.

Combining International, Financial & Tax Law Knowledge

At Bucci Law, we can advise you about your real estate tax responsibilities associated with all types of property transactions and guiding you to limit your potential tax liability and protect your assets. Our experienced and highly educated real estate tax lawyers in Fort Lauderdale have several planning techniques that may mitigate the effects of the requirements of the Foreign Investment in Real Property Tax Act (FIRPTA).

The FIRPTA Tax: What You Don't Know about U.S. Taxes May Cost You Money

Are you a foreigner looking to buy or sell U.S. real estate? Are you purchasing property from a foreign national?

The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) places a tax on foreign individuals who sell U.S. property. This includes any sale, gift, or other transfer. A U.S. property interest includes everything from residential property to commercial property and any interest in a domestic corporation with U.S. real property holdings.

Dedicated Assistance with Complex Real Estate Tax Issues

At Bucci Law, we provide personalized legal assistance to international and domestic clients regarding complex tax issues, including issues of real property transfers. Many foreign investors and domestic buyers who purchase real estate from a foreign seller are in the dark when it comes to their withholding obligations.

The FIRPTA tax is on the person selling or transferring the property. However, the burden of withholding the tax is on the buyer — or recipient — of the property. If you are the buyer, it is your responsibility to determine whether the seller is foreign. If so, you are responsible for withholding FIRPTA tax — typically, 10% of the purchase price. Failure to do so may result in personal liability for any tax due.

For foreign investors, proper tax planning is key – especially given the complexities of U.S. tax laws. Whether you are a buyer or a seller, contact Bucci Law before your closing. We can educate you about your tax obligations before you buy or sell real property to keep you from making a costly mistake.

Learn More & Get the Legal Guidance You Need

For more information about your FIRPTA responsibilities and for highly professional assistance with all taxation matters, turn to Bucci Law. Based out of Fort Lauderdale and Miami, we handle cases in Florida, throughout the United States, and worldwide.

Call (954) 800-2333 or complete our online contact form to schedule a consultation today.

Why Choose Bucci Law Office for Your Tax Needs

  • Certified Public Accountant in OH & FL

  • Handles the Most Difficult Tax

  • Understands Tax Returns

  • Masters in Taxation

  • Over 50 Years of Collaborative Experience

  • Masters in International & Comparative Law

  • Recognized by Martindale-Hubbell, Super Lawyers & Avvo for Excellence