Best Practices

Contributed by: Richard Hart EA, CAA & President of Hart & Associates

1. WHAT IS FIRPTA?
   United States tax law requires that all persons, whether foreign or domestic, pay income tax on the disposition of U.S. real property interests. Domestic persons or entities typically are subject to this tax as part of their regular income tax; however, the U.S. needed a way to collect taxes from foreign persons...

AAR’s Professional & Business Development unanimously passed the CRPM Taskforce recommendation extending the amount of time to obtain the Certified Residential Property Manager certification to 3 years (from 2) and making the PM Bootcamp (either the Basic or Advanced) a required course rather than an elective. The information will soon be updated on AAR’s informational page.

Wanting to know ...