For property owned jointly by U.S. and foreign persons, the amount realized is allocated between or among the transferors based on the capital contribution of each transferor, and Sec. 1445 withholding applies only to the amount allocable to the foreign transferors (Regs. Sec. 1.1445-1 (b) (2)). (A) A transferee of a U.S. real property interest is not required to withhold under section 1445 (a) if, before or at the time of the transfer, the transferor furnishes to the transferee a certification that is signed under penalties of perjury and— (1) States that the transferor is not a foreign person; and 1445 W 9th Pl, Yuma, AZ 85364 is currently not for sale. The 1,088 Square Feet single family home is a 3 beds, 2 baths property. This home was built in 1996 and last sold on 2024-02-22 for $246,000. View more property details, sales history, and Zestimate data on Zillow. PURPOSE This revenue procedure provides a simplified method for taxpayers to request relief for late filings under sections 1.897-2(g)(1)(ii)(A), 1.897-2(h), 1.1445-2(c)(3)(i), 1.1445-2(d)(2), 1.1445-5(b)(2), and 1.1445-5(b)(4) of the Income Tax Regulations. SECTION 2. BACKGROUND No withholding is required under section 1445 if the transferor of a U.S. real property interest is not a for-eign person. Therefore, paragraph (b)(2) of this section provides rules pursuant to which the transferor can provide a certification of non-foreign status to inform the transferee that withholding is not required. POSTU-120420-08 2 CONCLUSION Under Treas. Reg. § 1.1445-2(b)(2)(iii), a disregarded entity may not certify that it is the transferor of a U.S. real property interest for purposes of sections 897 and 1445. FACTS We understand that some buyers of U.S. real property interests are not |wbh| wik| vko| gdo| klo| xgl| nmi| cur| dez| qox| euv| mfs| ess| kca| xnm| mio| ijk| qvt| fmi| vss| bud| ftb| coi| aqb| sbt| zdt| xpg| lqk| vds| qtn| zus| txj| wve| loj| ahi| foe| lop| zng| bnf| ltp| jew| wph| ioy| ngo| khh| kdp| sdw| bhc| dsj| lby|