Form 8288-C: Statement of Withholding Under Section 1446(f)(4) on Dispositions by Foreign Persons of Partnership Interests
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Form 8288-C: Statement of Withholding Under Section 1446(f)(4) on Dispositions by Foreign Persons of Partnership Interests

The Form 8288-C is an IRS form used to report the transfer of a U.S. real property interest by a foreign person, and to calculate and report the withholding tax due on the transfer. This form is used for various transfers including to foreign corporations, partnerships, trusts, and estates.

What is Form 8288-C?

Form 8288-C is a form used to report transfers of U.S. real property interests by foreign persons to foreign corporations, partnerships, trusts, and estates. Additionally, the form is used to calculate and report the withholding taxes due on the transfer. This form is an important legal document for both the purchaser and seller, and required by the Internal Revenue Service.

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IRS Form 8288-C – Who Needs to Fill It Out?

Form 8288-C is used by foreign persons transferring a U.S. real property interest to a foreign corporation, foreign partnership, foreign trust, or foreign estate. It is used to report and calculate the withholding tax due on the transfer. Therefore, all foreign persons who are transferring a U.S. real property interest are responsible for filling out this form.

Step-by-Step: Form 8288-C Instructions For Filling Out the Document

Form 8288-C is an IRS document used for the transfer of a U.S. real property interest by a foreign person to a foreign corporation, partnership, trust or estate. For each of these transfers, the form needs to be completed to calculate and report the withholding tax due. The form is simple to use; all the user needs to do is answer questions about the real property sale, then transfer the information to line 1 of the form. The total withholding tax for the transfer, as calculated on line 9 of the form, will then be reported for the legal transaction.

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Below, we present a table that will help you understand how to fill out Form 8288-C.

Information Required for Form 8288-C Details
Transfer Details Answer questions about the real property sale
Total Withholding Tax Calculate and report the withholding tax due
Report Transaction Report the total withholding tax on line 9

Do You Need to File Form 8288-C Each Year?

Form 8288-C is required to be filed each year when a foreign person transfers a U.S. real property interest to a foreign corporation, foreign partnership, foreign trust, or foreign estate. The form includes the calculation and reporting of withholding tax due on the transfer. It is important to file Form 8288-C accurately and on time to ensure the correct amount of withholding tax is reported and paid.

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Download the official IRS Form 8288-C PDF

On the official IRS website, you will find a link to download Form 8288-C. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 8288-C

Sources:

https://www.irs.gov/forms-pubs/about-form-8288-c

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