FIRPTA (Federal Investment in Real Property Tax Act)

and State Withholding Laws

 

IRS Form 8288
Most questions about FIRPTA can be answered by reading the instructions starting on the second page of Form 8288.

FIRPTA changes effective 11/3/03

FIRPTA Statement By Qualified Substitute

California Withholding (Rev. & Taxation Code 18662)
California requires an additional 3-1/3% to be withheld unless certain exemptions apply. This is a link to the Franchise Tax Board's web page containing all the information you will need, including forms and instructions.

Hawaii Withholding (H.R.S. 235-68)
Hawaii requires an additional 5% to be withheld unless certain exemptions apply.

Explanation of Hawaii withholding

Hawaii withholding forms on Department of Taxation web site