Foreign Investment In Real Property Tax Act (FIRPTA)

Business / Real Estate / Foreign Investment In Real Property Tax Act (FIRPTA): Enacted by the United States Congress in 1985, the act requires buyers to withhold estimated taxes equal to 10% of the sale price of a property sold or exchanged by a foreign person. The withholdings must be reported and paid to the Internal Revenue Service within 10 days of closing. The act applies to sales of personal residences with prices of $300,000 or more.

Other Words for Act

Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
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Other Words for Foreign

Foreign Adjective Synonyms: alien, imported, non-native, overseas, distant, tramontane, transalpine, transatlantic, transpacific
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Other Words for Property

Property Adverb Synonyms: possessions, belongings, effects, gear, paraphernalia, chattels
Property Noun Synonyms: characteristic, attribute, quality, feature, trait, mark, hallmark, idiosyncrasy, peculiarity, oddity, quirk, haecceity, quiddity
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Other Words for Real

Real Adjective Synonyms: genuine, true, actual, authentic, verified, verifiable, legitimate, right, bona fide, official, legal, legitimate, licit, natural, valid, veritable
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Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Panic Buying Or Selling

Business / Finance / Panic Buying Or Selling: Rapid trading of stocks or bonds in high volume in anticipation of sharply rising or falling prices, usually after unexpected news is released. MORE

Panning

Technology / Digital Cameras / Panning: A photography technique in which the camera follows a moving subject. Done correctly, the subject is sharp and clear, while the background is blurred, giving a sense of motion to the photo. MORE

Panorama Shooting

Technology / Digital Cameras / Panorama Shooting: Photographing several overlapping images in succession that can be joined in the computer using software. MORE

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