Get the up-to-date Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests-2024 now

Get Form
Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests Preview on Page 1.

Here's how it works

01. Edit your form online
01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to fill out Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests for 2024 online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Typically, taxation is pretty cumbersome. The importance of the event puts some stress on the individual, and filling out the form can be challenging. Every character in the Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests for 2024 matters at such a critical moment, so filling out a printed out form might take much more time and effort than a digital one. To make this process more efficient, use DocHub and complete your tax year easily.

DocHub is a effective modifying platform that takes all the trouble out of dealing with PDFs. With this service, you can easily complete your Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests and even sign it on the spot. It offers all the required instruments to add textual content, check out boxes, and even draw on the document if required. It makes no difference if you have used such software before, as its interface is easy to grasp. Additionally, in case of any mistakes, you can correct them without needing to start the entire form anew.

Take the following steps to complete your Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests quickly

  1. Visit the DocHub site and click Sign up to register your free account.
  2. Provide your email and make up a secure password to create an account.
  3. Once registered, you can drag and drop your file with the tax form or upload it using the New Document button.
  4. Open the document in editing mode and fill out your form using the toolbar.
  5. Once you enter all information, run through your tax form again to ensure it is error-free.
  6. Save the form by downloading it on your computer or store it in your profile.

This straightforward PDF editing tool can make your tax preparation a lot less stressful. Simplify the editing process and avoid ruining printed copies with simple errors written by hand. Create your account and handle tax forms electronically.

See more Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests versions

We've got more versions of the Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests form. Select the right Form 8288 (Rev. August 1998). U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2016 4.1 Satisfied (69 Votes)
2013 4.3 Satisfied (67 Votes)
1998 4.3 Satisfied (62 Votes)
2018 4.8 Satisfied (264 Votes)
2017 4.4 Satisfied (214 Votes)
be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
On the surface, the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), P.L. 96-499, seems straightforward enough: Foreign persons must pay a 10% or 15% tax when they sell a piece of U.S. real estate.
Under FIRPTA, a foreign person disposing of a U.S. real property interest must have 15% of the amount realized withheld.
Yes, you will get the withholding back, assuming you dont have a big gain on the sale. But to get the cash, you have to wait until next year, file a US tax return, and request a refund.
The FIRPTA rules generally require a transferee to withhold on the amount realized when a transferor who is a nonresident alien or a foreign corporation (foreign person) disposes a U.S. real property interest unless there is an exemption.
UNDERSTANDING THE REQUIREMENTS AND THE EXCEPTIONS For U.S. property dispositions subject to FIRPTA, the transferee (purchaser) is required to withhold and remit to the IRS 15% of the gross sales price to ensure that any taxable gain realized by the seller is actually paid.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

Where to File Forms Beginning with the Number 8 Form Name (For a copy of a Form, Instruction, or Publication)Address to Mail Form to IRS:Form 8288, U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property InterestsInternal Revenue Service P.O. Box 409101 Ogden, UT 8440947 more rows
Form 8288. The tax withheld on the acquisition of a U.S. real property interest from a foreign person is reported and paid using Form 8288. Form 8288 also serves as the transmittal form for copies A and B of Form 8288-A. Generally, transferees must file Form 8288 by the 20th day after the date of the disposition.
The buyer, not the seller, is responsible for acting as the withholding agent and making sure the IRS is paid the appropriate amount of tax.
Foreign persons use this form to apply for a withholding certificate to reduce or eliminate withholding on dispositions of U.S. real property interests.
ing to the IRS, you can be exempt from FIRPTA withholding if you meet one or more of the following: Exception #1 - Buyer Will Reside. Exception #2 Publicly Traded Corp. Exception #3 Corp Certifies that Interest is not US Real Property. Exception #4 Seller Certifies They Are Not Foreign.

Related links