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 Sunnyvale California Non-Foreign Affidavit Under IRC 1445 is a legal document required by the Internal Revenue Service (IRS) for sellers or transferors of real property in Sunnyvale, California, who are not considered foreign persons under the Tax Reform Act of 1984. This affidavit serves to certify the transferor's non-foreign status and allows for the withholding of tax on the disposition of the real property. The purpose of the Sunnyvale California Non-Foreign Affidavit Under IRC 1445 is to protect the IRS by ensuring that taxes owed by transferors are properly withheld at the time of the property transfer. By completing and submitting this affidavit, the transferor confirms that they are not a foreign person as defined by the IRS and that the sale or transfer of the property does not require withholding tax. There are various types of Sunnyvale California Non-Foreign Affidavit Under IRC 1445, each catering to specific circumstances or types of transactions. These include: 1. Individual Non-Foreign Affidavit: This affidavit is used when the seller or transferor is an individual who is not a foreign person. It requires the completion of personal details, such as name, address, and U.S. taxpayer identification number (TIN), along with a declaration of non-foreign status. 2. Corporate Non-Foreign Affidavit: If the seller or transferor is a corporation registered in the United States, this affidavit is required. It involves providing corporate information, such as legal name, address, employer identification number (EIN), and the confirmation of non-foreign status. 3. Trust Non-Foreign Affidavit: This affidavit applies when a trust is acting as the transferor. It necessitates providing the trust's name, address, TIN/EIN, and other relevant trust details while declaring its non-foreign status. 4. Partnership Non-Foreign Affidavit: When the transferor is a partnership, this affidavit is completed. It typically covers information about the partnership, including its name, address, TIN/EIN, and a confirmation of non-foreign status. Completing the Sunnyvale California Non-Foreign Affidavit Under IRC 1445 accurately and honestly is crucial to comply with IRS regulations. It is always advisable to consult with a qualified legal or tax professional to ensure the affidavit is correctly filled out and submitted, mitigating any potential tax issues related to the property transfer.
