What the FIRPTA? A look at the Foreign Investment in Real Property Tax Act

  • October 10, 2017
  • 12:00 PM - 1:00 PM
  • Gray Plant Mooty 80 South 8th Street 500 IDS Center Minneapolis, MN 55402


Registration is closed

What the FIRPTA?

A look at the Foreign Investment in Real Property Tax Act

The Foreign Investment in Real Property Tax Act, 26 USC 1445, establishes a withholding on any disposition of a United States real property interest.  FIRPTA is commonly misconstrued to apply only to sales by non-U.S. persons, but is in actuality a mandate that can only be avoided in the event that the disposition qualifies for an exemption to the law, with the most common exemption being that the seller is a U.S. person.  In all cases, the seller’s status must be documented and in the event of a withholding, there are very strict timeframes that must be followed.

Presented by: Chad Novak

Chad Novak is Underwriting Counsel with Commercial Partners Title in Minneapolis, where he provides underwriting direction and performs risk analysis on commercial real estate transactions on a national scope.  He joined the company in 2015, following nine years with a national underwriter where he held positions including national claims counsel, national underwriting counsel and division manager. 

He is a licensed attorney in both Minnesota and Wisconsin, and is active in the Minnesota Land Title Association, the Minnesota State Bar Association, the Hennepin County (MN) Bar Association, and several commercial real estate associations, as well as being a regular CLE presenter.  Prior to obtaining his law degree from Marquette University Law School, Chad spent several years working as a banker, loan officer and credit manager for two major national financial institutions.  He holds a BA in Germanic Languages and Literature from the University of Kansas. 


1 CLE Credit has been applied for.

Please let us know if you need a certificate when you RSVP.

Please register no later than Friday, October 6, 2017. This meeting will be held in person and via Go To Meeting. Please include your preference of attendance when you RSVP. Room space is limited to 20 in person attendees. The Go To Meeting login will be sent to attendees prior to the meeting. A Go To Meeting call in number is also available.* Please contact Lesa Eastman with any questions:  

We also have availability for video conference at the Gray Plant Mooty office in St. Cloud, please contact Lesa Eastman if you are interested in attending via video conference in St. Cloud

Cost: FREE (MPA Members) - $10 (Non-Members)

*Please note: MPA is no longer using Pioneer Conferencing. If you have trouble logging into Go To Meeting, please check out the Attendee User Guide from Go To Meeting.

Co-Chairs: Jennifer Anderson and Lesa Eastman

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