Non U.S. residents selling DVC.

[irish_man]

We sold our timeshare in 2009 and have yet to see any money.

Disney had the right of first refusal which they acted upon. IRS are still holding our money 4 years on, we've filled in form after form. Got legal representative from Ireland to sign and verify forms ( which cost money again) and STILL we cannot get our money out of the country.

Anyone else had problems, or any pointers?

Thanks in advance

 

[GoofGoof]

We sold our timeshare in 2009 and have yet to see any money.

Disney had the right of first refusal which they acted upon. IRS are still holding our money 4 years on, we've filled in form after form. Got legal representative from Ireland to sign and verify forms ( which cost money again) and STILL we cannot get our money out of the country.

Anyone else had problems, or any pointers?

Thanks in advance

That doesn't seem fair or even legal to me. They may be able to tax you on gains from the sale, but they shouldn't be witholding the full proceeds. Maybe you should look into hiring a U.S. based lawyer who has some experience with this type of thing. Good luck, I hope you get it resolved.

 

[WWWD]

Has the IRS sent you any documentation stating the reason for holding onto your funds? You will need to find out why the IRS is holding onto the sales proceeds and then you can appropriately request the funds. I agree with @GoofGoof that hiring a US attorney is your best bet. Contact the the Florida Bar Association and they will have recommendations for attorneys specializing in IRS (tax attorneys) matters. Hiring an attorney who specializes in IRS matters is already "up to speed" with dealing with the IRS and thus should mean less money out of your pocket. You don't want to pay for someone to learn about the IRS - that could get expensive and result in wrong forms being submitted.