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Form 8288 online Oregon: What You Should Know

If the seller chooses to submit information, it must be received by IRS no later than 15 days after the first day of the taxable year. If, within 30 days, the seller submits the requested information and the IRS notifies the seller that the information is incomplete or insufficient, see the “If the information is incomplete or insufficient, the seller must notify the Secretary of the Department of Revenue and request a new Form 8288.” This can take a month to a year to process as the request must be submitted in two installments and the seller also has to submit the information required and may provide additional personal information. The seller may also elect to file a tax return and, if so, the form 8288-A is not required.

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