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Form 8288 ND: What You Should Know
If applicable, a foreign person who transfers a security will not be able to transfer that property within the United States without first providing notice of transfer of the security to the IRS. See, IRS Notice 2000-21 for more information on FIR procedures and related IRS requirements. IRS Notice 1997-54 (Form 8848–R) It is the filing of this information with the appropriate State. That State may decide to collect the tax for the owner of the property in other States where he sells, distributes, or otherwise provides the property. Any payment from the State for the tax liability is to be remitted to the IRS. If a foreign person who buys property in the United States sells, distributes, or otherwise provides the property, he must pay the federal income tax on the gain and pay the amount of the gain tax. For any U.S. real property sold, the seller must sign a statement that the seller is not a “foreign person” and is not engaged in tax business or in the activity of obtaining a foreign income tax exemption. Form 8288-B — IRS Form 8288-B Application for Withholding Certificate Form 8288-B. (Rev. February 2016). Application for Withholding Certificate. Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests. About Form 8288-B, Application for Withholding Certificate — IRS Form 8288-B is used to apply for a withholding certificate to reduce or eliminate withholding on dispositions by foreign persons of U.S. foreign property interest interests. Form 8288-B can be used if: the seller is a U.S. citizen, a U.S. resident (not dependent), or a resident alien of the United States and at least one of the following applies: a) the transferee is a foreign person who, on the basis of the seller's residence on the date of disposition, is in tax treaty or tax haven territory; b) the seller had a U.S.
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