[Federal Register Volume 84, Number 195 (Tuesday, October 8, 2019)]
[Notices]
[Page 53833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-21868]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms 8288 and 8288-A
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the general public
and other Federal agencies to take this opportunity to comment on
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting
comments concerning Form 8288, U.S. Withholding Tax Return for
Disposition by Foreign Persons of U.S. Real Property Interests, and
Form 8288-A, Statement of Withholding on Dispositions by Foreign
Persons of U.S. Real Property Interests.
DATES: Written comments should be received on or before December 9,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments to Dr. Philippe Thomas, Internal
Revenue Service, room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to LaNita Van
Dyke, at (202) 317-6009, at Internal Revenue Service, room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet,
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: U.S. Withholding Tax Return for Disposition by Foreign
Persons of U.S. Real Property Interests (Form 8288) and Statement of
Withholding on Dispositions by Foreign Persons of U.S. Real Property
Interests (Form 8288-A).
OMB Number: 1545-0902
Form Number: 8288 and 8288-A
Abstract: Internal Revenue Code section 1445 requires transferees
to withhold tax on the amount realized from sales or other dispositions
by foreign persons of U.S. real property interests. Form 8288 is used
to report and transmit the amount withheld to the IRS. Form 8288-A is
used by the IRS to validate the withholding, and a copy is returned to
the transferor for his or her use in filing a tax return.
Current Actions: There are no changes being made to these forms at
this time. The burden estimates below do not include estimates for
business or individual filers. These estimates are for all other filers
only as business estimates are reported under 1545-0123 and individual
estimates are reported under 1545-0074.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals or households.
Form 8288:
Estimated Number of Respondents: 10,000.
Estimated Time Per Respondent: 17 hr., 21 min.
Estimated Total Annual Burden Hours: 174,900.
Form 8288A:
Estimated Number of Respondents: 17,500.
Estimated Time Per Respondent: 3 hr., 56 min.
Estimated Total Annual Burden Hours: 68,775.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: September 24, 2019.
Philippe Thomas,
Supervisor Tax Analyst.
[FR Doc. 2019-21868 Filed 10-7-19; 8:45 am]
BILLING CODE 4830-01-P