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.
Description: The Kansas City Missouri Non-Foreign Affidavit Under IRC 1445 is a legal document required in real estate transactions involving non-U.S. citizens or non-resident foreign individuals. This affidavit ensures compliance with the Internal Revenue Code (IRC) Section 1445, which governs the withholding of tax on dispositions of U.S. real property interests. The purpose of the Kansas City Missouri Non-Foreign Affidavit is to certify the non-foreign status of the seller or transferor, affirming that they are not subject to withholding tax under IRC Section 1445. It serves as proof that the seller is a U.S. citizen, resident alien, or otherwise exempt from the withholding tax provisions. Keywords: Kansas City Missouri, Non-Foreign Affidavit, IRC 1445, real estate transactions, non-U.S. citizens, non-resident foreign individuals, compliance, Internal Revenue Code, withholding tax, dispositions, U.S. real property interests, seller, transferor, non-foreign status, withholding tax provisions. Types of Kansas City Missouri Non-Foreign Affidavit Under IRC 1445: 1. Individual Non-Foreign Affidavit: This type of affidavit applies when an individual, who is a U.S. citizen or a resident alien, is selling or transferring U.S. real property interests in Kansas City, Missouri. The affidavit confirms their non-foreign status and exemption from the withholding tax requirements. 2. Corporate Non-Foreign Affidavit: In cases where a corporation, registered and operating in the United States, is selling or transferring U.S. real property interests in Kansas City, Missouri, this affidavit is utilized. It certifies that the corporation is not considered a foreign entity for tax purposes and is therefore exempt from withholding tax. 3. Partnership Non-Foreign Affidavit: This affidavit is used when a partnership, established and conducting business within the United States, is involved in a real estate transaction in Kansas City, Missouri. It confirms the partnership's non-foreign status, asserting that it is not subject to withhold tax under IRC Section 1445. 4. Trust Non-Foreign Affidavit: When a trust, established and administered in the United States, is selling or transferring U.S. real property interests in Kansas City, Missouri, this affidavit is required. It verifies that the trust is a non-foreign entity for tax purposes, thereby exempting it from the withholding tax requirements. These various types of Kansas City Missouri Non-Foreign Affidavits Under IRC 1445 ensure that the appropriate entity or individual involved in a real estate transaction complies with the necessary tax regulations, providing assurance to all parties involved.Description: The Kansas City Missouri Non-Foreign Affidavit Under IRC 1445 is a legal document required in real estate transactions involving non-U.S. citizens or non-resident foreign individuals. This affidavit ensures compliance with the Internal Revenue Code (IRC) Section 1445, which governs the withholding of tax on dispositions of U.S. real property interests. The purpose of the Kansas City Missouri Non-Foreign Affidavit is to certify the non-foreign status of the seller or transferor, affirming that they are not subject to withholding tax under IRC Section 1445. It serves as proof that the seller is a U.S. citizen, resident alien, or otherwise exempt from the withholding tax provisions. Keywords: Kansas City Missouri, Non-Foreign Affidavit, IRC 1445, real estate transactions, non-U.S. citizens, non-resident foreign individuals, compliance, Internal Revenue Code, withholding tax, dispositions, U.S. real property interests, seller, transferor, non-foreign status, withholding tax provisions. Types of Kansas City Missouri Non-Foreign Affidavit Under IRC 1445: 1. Individual Non-Foreign Affidavit: This type of affidavit applies when an individual, who is a U.S. citizen or a resident alien, is selling or transferring U.S. real property interests in Kansas City, Missouri. The affidavit confirms their non-foreign status and exemption from the withholding tax requirements. 2. Corporate Non-Foreign Affidavit: In cases where a corporation, registered and operating in the United States, is selling or transferring U.S. real property interests in Kansas City, Missouri, this affidavit is utilized. It certifies that the corporation is not considered a foreign entity for tax purposes and is therefore exempt from withholding tax. 3. Partnership Non-Foreign Affidavit: This affidavit is used when a partnership, established and conducting business within the United States, is involved in a real estate transaction in Kansas City, Missouri. It confirms the partnership's non-foreign status, asserting that it is not subject to withhold tax under IRC Section 1445. 4. Trust Non-Foreign Affidavit: When a trust, established and administered in the United States, is selling or transferring U.S. real property interests in Kansas City, Missouri, this affidavit is required. It verifies that the trust is a non-foreign entity for tax purposes, thereby exempting it from the withholding tax requirements. These various types of Kansas City Missouri Non-Foreign Affidavits Under IRC 1445 ensure that the appropriate entity or individual involved in a real estate transaction complies with the necessary tax regulations, providing assurance to all parties involved.
