Starting September 30, 2025, the IRS will no longer issue paper refund checks, which will particularly impact non-U.S. sellers of U.S. real estate. All tax refunds must be electronically deposited into U.S. bank accounts, with no exceptions for foreign accounts or wire transfers. This blog explains the key changes, who’s affected, and how to prepare, especially for transactions closing in late 2025 and beyond.

FIRPTA- Foreign Investment in Real Property Tax Act, is a law in the United States that deals with taxes on real estate transactions...