This Non-Foreign Affdavit Under Internal Revenue Code 1445 is for a seller of real property to sign stating that he or she is not a foreign person as defined by the Internal Revenue Code Section 26 USC 1445. This document must be signed and notarized.
The Daly City California Non-Foreign Affidavit Under IRC 1445 is a legal document used in real estate transactions to comply with the requirements of the Internal Revenue Code (IRC) Section 1445. This affidavit is relevant when a non-U.S. citizen or non-resident alien sells or transfers a property located in Daly City, California. The purpose of this affidavit is to ensure that the seller or transferor is not subject to any withholding tax obligations imposed by the IRS when transferring real property. By signing this affidavit, the non-foreign individual asserts their non-foreign status, confirming that they are either a U.S. citizen, a lawful permanent resident, or otherwise exempt from tax withholding. Different types or variations of the Daly City California Non-Foreign Affidavit Under IRC 1445 may include: 1. Individual Non-Foreign Affidavit: This type of affidavit is used when the property seller or transferor is an individual who is a U.S. citizen, a lawful permanent resident, or an exempt individual under IRS regulations. 2. Trust Non-Foreign Affidavit: When a trust is the seller or transferor of the property, this type of affidavit is utilized. The trustee or authorized representative of the trust typically fills out this affidavit, confirming the trust's non-foreign status. 3. Corporate Non-Foreign Affidavit: If the seller or transferor of the property is a corporation, this affidavit is required. A corporate officer or authorized representative must complete and sign this affidavit on behalf of the corporation. 4. Partnership Non-Foreign Affidavit: When a partnership is involved in the transfer of property, this type of affidavit is essential. It is completed and signed by a general partner or authorized representative of the partnership. 5. Entity Non-Foreign Affidavit: In cases where the seller or transferor is an entity other than a trust, corporation, or partnership, an entity non-foreign affidavit may be necessary. An authorized representative or officer of the entity usually completes and signs this affidavit. It is worth noting that the specific requirements and contents of the Daly City California Non-Foreign Affidavit Under IRC 1445 may vary depending on the nuances of the transaction and the parties involved. It is always advisable to seek legal advice from a qualified professional or consult the relevant tax and real estate authorities to ensure compliance with the applicable laws and regulations.
