New Hampshire Seller's Affidavit of Nonforeign Status

• Category: Federal - IRS
• State: Multi-State
• Control #: US-0604BG
• Format: Word; Rich Text

Description

Section 1445 of the Internal Revenue Code provides that a transferee of U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the transferee that withholding of tax is not required is upon the disposition of a U.S. real property, this affidavit may be executed. The New Hampshire Seller's Affidavit of Nonforeign Status is a legal document that helps ensure compliance with state and federal tax laws during a real estate transaction in New Hampshire. It is commonly used when a property seller is not a U.S. citizen or resident alien. The affidavit serves as a declaration by the seller, confirming their non-foreign status, and affirming that they are not subject to withholding tax under the Foreign Investment in Real Property Tax Act (FIR PTA). By completing this form, sellers declare that they meet the requirements set forth by the Internal Revenue Service (IRS) and the New Hampshire Department of Revenue Administration (DRA) to qualify for an exception to FIR PTA withholding. The New Hampshire Seller's Affidavit of Nonforeign Status typically includes the following information: 1. Seller's full legal name 2. Seller's taxpayer identification number (TIN) or Social Security number (SSN) 3. Property address being sold 4. Statement verifying the seller's non-foreign status 5. Statement affirming that the seller is not a foreign person as defined by the IRS regulations 6. Seller's signature and date It is important to note that there may not be different types of New Hampshire Seller's Affidavit of Nonforeign Status. However, there may be variations in formatting or minor changes specific to individual real estate transactions. It is always recommended consulting with a legal professional or real estate expert regarding the specific requirements and forms necessary for a particular transaction. Keywords: New Hampshire, Seller's Affidavit, Nonforeign Status, real estate transaction, U.S. citizen, resident alien, compliance, tax laws, withholding tax, Foreign Investment in Real Property Tax Act (FIR PTA), Internal Revenue Service (IRS), Department of Revenue Administration (DRA), exception, legal document, taxpayer identification number (TIN), Social Security number (SSN), property address, foreign person, IRS regulations.

The New Hampshire Seller's Affidavit of Nonforeign Status is a legal document that helps ensure compliance with state and federal tax laws during a real estate transaction in New Hampshire. It is commonly used when a property seller is not a U.S. citizen or resident alien. The affidavit serves as a declaration by the seller, confirming their non-foreign status, and affirming that they are not subject to withholding tax under the Foreign Investment in Real Property Tax Act (FIR PTA). By completing this form, sellers declare that they meet the requirements set forth by the Internal Revenue Service (IRS) and the New Hampshire Department of Revenue Administration (DRA) to qualify for an exception to FIR PTA withholding. The New Hampshire Seller's Affidavit of Nonforeign Status typically includes the following information: 1. Seller's full legal name 2. Seller's taxpayer identification number (TIN) or Social Security number (SSN) 3. Property address being sold 4. Statement verifying the seller's non-foreign status 5. Statement affirming that the seller is not a foreign person as defined by the IRS regulations 6. Seller's signature and date It is important to note that there may not be different types of New Hampshire Seller's Affidavit of Nonforeign Status. However, there may be variations in formatting or minor changes specific to individual real estate transactions. It is always recommended consulting with a legal professional or real estate expert regarding the specific requirements and forms necessary for a particular transaction. Keywords: New Hampshire, Seller's Affidavit, Nonforeign Status, real estate transaction, U.S. citizen, resident alien, compliance, tax laws, withholding tax, Foreign Investment in Real Property Tax Act (FIR PTA), Internal Revenue Service (IRS), Department of Revenue Administration (DRA), exception, legal document, taxpayer identification number (TIN), Social Security number (SSN), property address, foreign person, IRS regulations.