Form 8288 PDF Details

The Form 8288 by the Department of the Treasury Internal Revenue Service represents a critical procedure for the U.S. taxation process, specifically targeting dispositions by foreign persons of U.S. real property interests. Stepping into the intricacies of this form, it's designed for both buyers or other transferees responsible for withholding taxes under Section 1445(a) and entities subjected to the provisions of Section 1445(e). The necessity to accurately complete either Part I or Part II (depending on the filer's status) and attach Copies A and B of Form(s) 8288-A speaks to the form's thorough approach in ensuring proper tax compliance. This meticulously devised document not only requires the standard identification and property details but also delves into the specifics of the transaction including the date of transfer, the number of Forms 8288-A attached, and the dollar amounts subject to various withholding rates. Those submitting the form have to uphold the assertion that their submissions are true, correct, and complete under penalties of perjury, underscoring the form's significance in upholding the integrity of the U.S. tax system. The layered nature of this obligation, supplemented by the form’s provision for both standard and reduced rate withholdings, showcases the balance the IRS seeks to maintain between stringent tax enforcement and facilitating international property transactions.

QuestionAnswer
Form NameForm 8288
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesirs form 8288, firpta form 8288, 8288 form, 8288 instructions

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Form 8288

(Rev. April 2018)

Department of the Treasury

Internal Revenue Service

U.S. Withholding Tax Return for Dispositions by Foreign

Persons of U.S. Real Property Interests

▶Go to WWW.IRS.GOV/FORM8288 for instructions and the latest information.

OMB No. 1545-0902

If this is an amended return, check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶

Complete Part I or Part II. Also complete and attach Copies A and B of Form(s) 8288-A.

Attach additional sheets if you need more space.

Part I To Be Completed by the Buyer or Other Transferee Required To Withhold Under Section 1445(a)

1Name of buyer or other transferee responsible for withholding. See instructions.

Identifying number

Street address, apt. or suite no., or rural route. Do not use a P.O. box.

City or town, province or state, country, and ZIP or foreign postal code

Phone number (optional)

2Description and location of property acquired

3

Date of transfer

 

 

 

4

Number of Forms 8288-A attached

 

 

 

 

 

 

 

5

Complete all items that apply. Enter dollar amounts on applicable lines.

 

6

Total amount withheld

a

Amount subject to withholding at 15%

▶

 

 

 

 

 

b

Amount subject to withholding at 10%

▶

 

 

 

 

 

c

Withholding is at a reduced rate. See instructions . . .

. . . .

. . . ▶

 

 

Part II To Be Completed by an Entity Subject to the Provisions of Section 1445(e)

1Name of entity or fiduciary responsible for withholding. See instructions.

Identifying number

Street address, apt. or suite no., or rural route. Do not use a P.O. box.

City or town, province or state, country, and ZIP or foreign postal code

Phone number (optional)

2Description of U.S. real property interest transferred or distributed

3

Date of transfer

 

 

 

 

 

 

4

Number of Forms 8288-A attached

 

 

 

 

 

 

 

 

 

 

5

Complete all items that apply. Enter dollar amounts on applicable lines.

 

 

 

 

6

Total amount withheld

a

Amount subject to withholding at 15%

▶

 

 

 

 

 

 

 

 

b

Amount subject to withholding at 10%

▶

 

 

 

 

 

 

 

 

c

Amount subject to withholding at 21%

▶

 

 

 

 

 

 

 

 

d

Withholding is at a reduced rate. See instructions . . .

. . . .

.

.

.

▶

 

 

e

Large trust election to withhold at distribution . . . .

. . . .

.

.

.

▶

 

 

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

▲

 

 

 

 

 

Signature of withholding agent, partner, fiduciary, or corporate officer

 

Title (if applicable)

 

Date

Paid

Preparer

Use Only

Print/Type preparer’s name

Preparer’s signature

Date

 

Check

if

PTIN

 

 

 

 

 

 

 

 

 

self-employed

 

 

 

 

 

 

 

 

Firm’s name ▶

 

Firm’s EIN

▶

 

 

Firm’s address ▶

 

Phone no.

 

 

 

 

 

 

 

 

 

 

 

For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 62260A

Form 8288 (Rev. 4-2018)

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1. Start completing the 8288 with a group of necessary blank fields. Gather all the necessary information and be sure absolutely nothing is forgotten!

Writing segment 1 of 8288 form

2. Immediately after this selection of blank fields is completed, go on to type in the relevant details in these - Part II, To Be Completed by an Entity, Name of entity or fiduciary, Identifying number, Street address apt or suite no or, City or town province or state, Phone number optional, Description of US real property, Date of transfer, Number of Forms A attached, Complete all items that apply, Total amount withheld, a Amount subject to withholding at, b Amount subject to withholding at, and c Amount subject to withholding at.

8288 form completion process explained (portion 2)

3. Your next stage will be straightforward - fill in every one of the form fields in d Withholding is at a reduced rate, Large trust election to withhold, Sign Here, Paid Preparer Use Only, Under penalties of perjury I, Signature of withholding agent, PrintType preparers name, Preparers signature, Firms name, Firms address, Title if applicable, Date, Date, PTIN, and Check if selfemployed to complete this process.

PrintType preparers name, Date, and Date in 8288 form

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