Suffolk New York Seller's Affidavit of Nonforeign Status

• Category: Federal - IRS
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Seller's Affidavit of Nonforeign Status is an important legal document used in real estate transactions. This affidavit is particularly relevant when a property seller is a non-U.S. citizen or a foreign entity intending to sell property located in Suffolk County, New York. By completing this affidavit, the seller certifies their non-foreign status, indicating that they are either a U.S. citizen or a lawful permanent resident of the United States. Keywords: Suffolk New York, Seller's Affidavit of Nonforeign Status, real estate transactions, non-U.S. citizen, foreign entity, property seller, Suffolk County, U.S. citizen, lawful permanent resident. Different types of Suffolk New York Seller's Affidavit of Nonforeign Status may include: 1. Individual Seller's Affidavit: This type of affidavit is used when an individual who is a non-U.S. citizen wishes to sell property in Suffolk County, New York. It requires the individual to provide personal information, such as full legal name, address, country of citizenship, and immigration status, to certify their non-foreign status. 2. Corporate Seller's Affidavit: This type of affidavit is utilized when a foreign entity, such as a corporation or business, plans to sell property in Suffolk County, New York. The affidavit requires the entity to provide detailed information, such as the entity's legal name, principal place of business, country of incorporation, and proof of authority to act on behalf of the entity. 3. Trust Seller's Affidavit: In cases where a trust owns the property to be sold in Suffolk County, New York, the Trust Seller's Affidavit is necessary. This affidavit will require relevant information about the trust, including the trust's name, trustee's information, and clarification of the trustee's authority to sell the property. 4. Partnership Seller's Affidavit: If the property seller is a partnership, the Partnership Seller's Affidavit is applicable. This affidavit necessitates providing essential information about the partnership, including its legal name, principal place of business, partnership agreement details, and the authority of partners acting on behalf of the partnership. By categorizing the different types of Seller's Affidavit of Nonforeign Status, it becomes easier for relevant parties involved in Suffolk County real estate transactions to identify and complete the appropriate affidavit based on their specific circumstances.

The Suffolk New York Seller's Affidavit of Nonforeign Status is an important legal document used in real estate transactions. This affidavit is particularly relevant when a property seller is a non-U.S. citizen or a foreign entity intending to sell property located in Suffolk County, New York. By completing this affidavit, the seller certifies their non-foreign status, indicating that they are either a U.S. citizen or a lawful permanent resident of the United States. Keywords: Suffolk New York, Seller's Affidavit of Nonforeign Status, real estate transactions, non-U.S. citizen, foreign entity, property seller, Suffolk County, U.S. citizen, lawful permanent resident. Different types of Suffolk New York Seller's Affidavit of Nonforeign Status may include: 1. Individual Seller's Affidavit: This type of affidavit is used when an individual who is a non-U.S. citizen wishes to sell property in Suffolk County, New York. It requires the individual to provide personal information, such as full legal name, address, country of citizenship, and immigration status, to certify their non-foreign status. 2. Corporate Seller's Affidavit: This type of affidavit is utilized when a foreign entity, such as a corporation or business, plans to sell property in Suffolk County, New York. The affidavit requires the entity to provide detailed information, such as the entity's legal name, principal place of business, country of incorporation, and proof of authority to act on behalf of the entity. 3. Trust Seller's Affidavit: In cases where a trust owns the property to be sold in Suffolk County, New York, the Trust Seller's Affidavit is necessary. This affidavit will require relevant information about the trust, including the trust's name, trustee's information, and clarification of the trustee's authority to sell the property. 4. Partnership Seller's Affidavit: If the property seller is a partnership, the Partnership Seller's Affidavit is applicable. This affidavit necessitates providing essential information about the partnership, including its legal name, principal place of business, partnership agreement details, and the authority of partners acting on behalf of the partnership. By categorizing the different types of Seller's Affidavit of Nonforeign Status, it becomes easier for relevant parties involved in Suffolk County real estate transactions to identify and complete the appropriate affidavit based on their specific circumstances.