Irs form 8288 2013-2025

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Under IRC 6651, penalties apply for failure to file Form 8288 when due and failure to pay the withholding when due. Additionally, if someone is required to, but fails to withhold tax under 1445, the tax including interest may be collected from them.
In a 1040-NR, enter data on the Foreign tab screen 8288 Statement of Withholding on Dispositions screen to generate and e-file Form 8288-A. Form 8288-A is generated in View/Print mode and is included with the e-filed return; it does not need to be attached separately as a PDF.
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.
Seller shall provide a completed affidavit to the qualified substitute, who will furnish a statement (C.A.R.
Form 8288-B is an informational return that must be filed by a foreign person (or an entity acting on behalf of a foreign person) when a U.S. transferor makes a withholding payment to the foreign person for the transfer of a U.S. real property interest.
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Either a buyer or seller can apply for the certificate. In certain cases, you must use IRS Form 8288-B to apply for this type of withholding certificate. Seller isnt paid. Withholding isnt required if the seller realized $0 on the sale (such as when the property is transferred as a gift).
A buyer or other transferee of a USRPI must complete and file Part I of Form 8288 to report and transmit the amount withheld. A corporation, QIE, or fiduciary that is required to withhold tax under section 1445(e) must complete and file Part II of Form 8288 to report and transmit the amount withheld.

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