okw2012
DIS Veteran
- Joined
- Jul 10, 2012
- Messages
- 500
Tried to sell my contract with a well-known broker only to learn that they won't accept to post my offer due to recent changes at the IRS for 2026. Here's what I have been told:
"The IRS has announced that it intends to update and modernize the FIRPTA payment process for the 2026 tax year, moving toward a fully electronic process that requires buyers to set up a portal using their taxpayer ID. While this might sound like a simple change, it will create significant challenges, and the IRS has not released clear instructions, timelines, or technical guidance. (...) Because of these uncertainties and potential for liabilities, our brokerage is temporarily not accepting traditional listings from foreign sellers. Until the IRS provides formal guidance, we cannot confidently ensure that a normal buyer will be able to meet their withholding and payment obligations, which creates risk for everyone involved."
Anybody in the same boat? Are there brokers that are still accepting international sellers? Perhaps I should wait a few months in any case? I am not in a rush to sell.
"The IRS has announced that it intends to update and modernize the FIRPTA payment process for the 2026 tax year, moving toward a fully electronic process that requires buyers to set up a portal using their taxpayer ID. While this might sound like a simple change, it will create significant challenges, and the IRS has not released clear instructions, timelines, or technical guidance. (...) Because of these uncertainties and potential for liabilities, our brokerage is temporarily not accepting traditional listings from foreign sellers. Until the IRS provides formal guidance, we cannot confidently ensure that a normal buyer will be able to meet their withholding and payment obligations, which creates risk for everyone involved."
Anybody in the same boat? Are there brokers that are still accepting international sellers? Perhaps I should wait a few months in any case? I am not in a rush to sell.

