FIRPTA Withholding Tax Act of 1984

[AI summary unavailable — showing source text] FIRPTA Withholding Tax Act of 1984 - Amends the Internal Revenue Code to require the withholding of tax on dispositions of U.S. real property interests by a foreign individual. Sets the rate of such withholding at the lesser of: (1) ten percent of the amount realized on the disposition; or (2) the transferor's maximum tax liability. Allows specified exemptions from such withholding requirement. Revises requirements relating to returns and reporting with respect to U.S. real property interests.…