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.
References in periodicals archive ?
real property interest must attach Form 8288-A to the tax return to receive credit for taxes withheld and paid by the withholding agent with Form 8288 (see above).
1445 (see the above discussion for Form 8288) can file Form 8288-B with the IRS office in Ogden, Utah, to request a reduction or elimination of the withholding requirement if certain criteria are met.
real property interests) [instead use Form 8288, see above] or Sec.
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.
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.S.
withholding tax on the purchase of a USRP interest from a foreign person by completing and fifing Form 8288, which also serves as the transmittal form for copies A and B of Form 8288-A.
Copies A and B of Form 8288-A are included with Form 8288. The IRS stamps Copy B and sends it to the foreign seller subject to FIRPTA withholding.