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8288 a

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For more information see Forms 8288-A Must Be Attached and Identifying number in the Instructions for Form 8288. Foreign partnerships other than publicly traded partnerships PTPs should report the withholding on Form 8804 and attach Form 8288-A. To receive credit for any federal income tax withheld shown in box 2 attach Form 8288-A to your tax return unless you make a request for early refund. See Pub. 515 and Form 8288-B for information about withholding Keep for your records Copy C Agent...
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Who needs Form 8288-A?

Form 8288-A is prepared by the withholding agent for each foreign individual subject to the submission of Form 8288, U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests.

What is the purpose of Form 8288-A?

The Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests is submitted to the IRS together with Form 8288. If a foreigner disposes of their real property located in the US, the buyer should withhold 15% of the received amount. The successful sale is reported in an individual’s tax return and on Form 8288.

What documents must accompany Form 8288-A?

This form is attached to Form 8288. If the taxpayer wants to receive credit on their federal income taxes, this form is also attached to their tax return forms.

How long does it take to fill Form 8288-A out?

A taxpayer can complete the form in five minutes. The due date of the form submission depends on the purpose of filing.

What information should be provided in Form 8288-A?

The form must contain the following details:

  • Name of the withholding agent
  • Federal Identification Number of the Withholding agent
  • Name and Identification number of the person subject to withholding, foreign address
  • Date of transfer
  • Federal income tax withheld
  • Description of the transferred property

Form 8288-A consists of two copies. Copy A is for the IRS, copy B is to be sent to the person subject to withholding. They will use it when preparing tax return forms.

What do I do with the form after its completion?

The withholding agent forwards the form to the IRS and to the person subject to withholding.

Video instructions and help with filling out and completing 8288 a
Instructions and Help about formulaire 8288 b form
All right in this video i wanted to cover irs form 8288 this is a form that is filed when you as a buyer purchase real estate that is owned by a non-us person so if you're a buyer of a piece of real property in the united states and the seller on the other end of this thing is not a u.s person which is quite common these days you as the buyer are going to be obligated under the tax code to withhold tax on the sale of that property file this form and then pay the withholding tax to the irs now this rule exists because under the internal revenue tax code the sale of u.s property by a foreign person is subject to tax right it's u.s source effectively connected income but most foreign persons don't have to file tax returns so in order to make sure the irs gets their cut of the money you as the buyer have to do this so in this example we have this is a real estate investment partnership so it's a an llc filing a form 1065 every year so it's a real estate partnership based out of...
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