Directs

Who We Are

At Directs - Domestic and International Real Estate Closing Tax Services, Inc., we specialize in helping non-US persons recover their withheld funds controlled by the IRS in connection with a US real estate transaction. Our primary function is to assist foreign sellers in obtaining the quickest possible refund of the IRS withholding tax on US real estate sales. With our expertise and streamlined processes, we help non-US persons navigate the complexities of FIRPTA (the Foreign Investment in Real Property Tax Act of 1980) and ensure they receive their rightful refunds.

Withholding Tax Refunds for Non-US Person Real Estate Sales

The IRS requires non-US parties who sell US real estate to have 15% of the gross sales price withheld at the time of sale. This is mandatory, regardless of whether the seller made any profit on the sale or owes any income tax to the IRS. At Directs, we help foreign sellers recover their excess tax withheld by the IRS. Our goal is to ensure that our clients receive their refunds as quickly as possible, either through the 8288-B application (typically within four months after the sale) or through the regular tax refund cycle in the next calendar year.

Assistance with ITINs (Individual Taxpayer ID Numbers)

To set up a US Taxpayer ID, non-US persons often require an ITIN. Directs offers assistance in obtaining ITINs, ensuring a smooth process for foreign sellers dealing with US real estate transactions.

Handling 8288-B's / Withholding Certificates

Directs simplifies the process of applying for 8288-B's, or Withholding Certificates, which are used to claim a reduced or eliminated withholding rate. Our expertise in this area helps foreign sellers obtain quicker refunds and avoid potential complications.

Support for Americans and Non-Americans

Our services are not limited to non-US persons. We also assist American citizens and residents in obtaining their rightful refunds in a timely manner. At Directs, we are committed to helping all clients manage their withholding tax refunds effectively.

Problem Solving for Real Estate Transactions with Losses

Even if a foreign seller experiences a loss on their US real estate transaction, the IRS still requires the withholding of 15% of the gross sales price. Directs can help these sellers obtain their refunds, ensuring they are not left without the funds they are rightfully owed.

Expertise and Efficiency in Obtaining IRS Withholding Tax Refunds

The process of retrieving IRS withholding tax refunds can be complicated and overwhelming for foreign sellers. Directs simplifies this process, helping clients avoid potential problems and ensuring they receive their refunds quickly and efficiently. By working with Directs, foreign investors can avoid the common pitfall of never obtaining their 15% withholding tax refund, as our services significantly increase the likelihood of a successful refund.