Compliance with the Foreign Investment in Real Property Tax Act (FIRPTA) doesn’t have to be a dealbreaker; it just requires early attention and the right approach.

In this Annual Meeting preview video, Nena Mills, National Education Director with FIRPTA Solutions, shares what to expect from her upcoming CLE session, “FIRPTA Fun: Nothing Says “Fun” Like Tax Withholding,” and offers insight into how attorneys can approach FIRPTA transactions with greater clarity and confidence.

Early registration is available at a reduced rate through April 26.

Nena emphasizes a simple truth: FIRPTA is about timing, communication and knowing when to ask the right questions.

Her session will make FIRPTA more approachable and manageable by clearly explaining who  is responsible for  withholding, how much is  required and why it matters. She’ll also share practical strategies to help you avoid common pitfalls and keep transactions moving smoothly. You’ll leave with tools to better protect your clients and keep deals on track.

Responsibility under FIRPTA is often misunderstood. Although the seller owes the tax, the buyer  is responsible for  ensuring compliance, and the closing team typically manages the process. If  it’s handled incorrectly, the buyer may be exposed to penalties and interest starting at roughly 5.5% of the withholding amount in the first month.

Nena shares the importance of asking about residency status upfront, addressing FIRPTA early, coordinating with all parties and bringing in a specialist when needed.

To hear more from Nena and other excellent CLE presenters and to connect with your colleagues, join us in Asheville for the Annual Meeting!

2026 NCBA Real Property Section Annual Meeting
May 15-16 | Renaissance Hotel | Asheville, NC

We hope to see you in Asheville!

April 23, 2026/by RealProperty