Form 8288-A

Form 8288-A

A form that one files with the IRS providing the information 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. The form requires information like the name of the seller and the name of the withholding agent.
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The only forms of this type that Notice 2008-46 adds to the list of documents are Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U.S.
Real Property Interests, or Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of 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. Generally, Form 8288 is due by the 20th day after the date of the transfer.
The transferee/withholding agent must prepare a Form 8288-A for each foreign seller from which tax has been withheld.
income is the Form 8288-A. The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) was introduced to ensure that the U.S.
real property interests reported on Form 8288-A. See Figure C, columns 2 and 4.
It also serves as the transmittal form for copies A and B of Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U.S.
tax withheld on that sales price is reported on Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U.S.
real property interests, as reported on Form 8288-A, accounted for 3 percent of U.S.-source income paid to foreign persons in 2008.
In fact, the effective withholding rate on income reported on Form 8805 was 33.8 percent, compared with 10.3 percent for income reported on Form 8288-A and 10.5 percent for income reported on Form 1042-S.