Form 8288

Form 8288

A tax return that one files with the IRS on matters related to the withholding of taxation from the proceeds of the sale of real estate in the United States in which the seller is a non-resident alien or other non-U.S. person. This ensures that taxes are paid on the sale.
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A resident or nonresident transferee, whether an individual, corporation, partnership, estate, or trust, must report and pay any tax withheld upon the purchase of USRP interests by fifing either Form 8288, U.
Generally, Form 8288 is due by the 20th day after the date of the transfer.
Copies A and B of Form 8288-A are included with Form 8288.
The foreign seller will need to contact a CPA or accountant and ask about applying for an exemption by filling an IRS Form 8288, on or before the date of settlement.