HARPTA Waivers, Reductions and Early Refunds
HARPTA (Hawaii Real Property Tax Act) is a tax withholding of 7.25% of the gross sales price on the sale of Hawaii real estate. Sellers who are not Hawaii residents on the date they close their sale (this includes former Hawaii residents and military servicemembers who don't claim Hawaii as their state of legal residency) will be subject to a HARPTA withholding, but they may be able to get relief by applying for a waiver or reduction of HARPTA, or by filing for an early refund in the year of sale.
Our firm specializes in assisting home sellers obtain a HARPTA waiver, reduction or an early refund of their withholding. We also assist sellers who need help getting caught up with general excise tax or transient accommodations tax filings, which is a necessary step to avoiding the withholding or getting a refund.
Although our employees have decades of income tax filing experience, we do not prepare income taxes. While other accounting firms offer a multitude of services, we prefer to focus only on HARPTA and because of that, our expertise in this complicated area of tax is unparalleled.
Contact us for a free, no-obligation phone consultation.
*NOTE: Due to ongoing service issues at the Internal Revenue Service, we are not assisting foreign home sellers with early FIRPTA refunds at this time. Home sellers who are subject to a FIRPTA withholding and are due a refund should file a US income tax return for the year of sale.
OUR SERVICES
We have assisted hundreds of clients to get their HARPTA withholding reduced or eliminated.
We complete the necessary paperwork to get your money back in as little as 8 weeks
We use our knowledge of applicable federal tax rules to obtain HARPTA waivers for military sellers of Hawaii real estate.
We help home sellers complete certain past due tax filings to eliminate any obstacle that stands in their way of collecting their HARPTA waiver, reduction, or early refund.