I just put a house under contract. The sellers are not US citizens and moving out of country, triggering FIRPTA. This is my first time dealing with this. Is this something I should have my lawyer review in the contract?

It's my understanding that the title company withholds 15% of the sales price and sends it directly to the IRS. If more is owed in taxes or the title company forgets to withhold, and the seller doesn't pay... then I'm on the hook for the tax bill? Am I understanding this correctly?

I never dealt with this as an agent, and it's certainly my first time dealing with it as a buyer and it has me a little concerned.

The buyer is responsible for it, but the title company should know how to handle it. That's why they send both parties the title questionnaire to ask these types of questions and be prepared for them. Just check with your title company.

Call your favorite agent you used to work with and she'll chat with you about it!