The Internal Revenue Service (IRS) is targeting tax compliance by non-US owners of US real estate, international law firm Withers has warned.

The large business and international (LB&I) division of the IRS announced earlier this month that a new international compliance initiative has been created specifically targeting foreigners selling interests in US real property and subject to the Foreign Investment in Real Property Tax Act (FIRPTA).

This latest FIRPTA enforcement campaign joins a growing list of 57 active LB&I compliance campaigns, including others targeting foreign individuals, foreign businesses and oth...