[Federal Register Volume 87, Number 87 (Thursday, May 5, 2022)]
[Notices]
[Pages 26802-26803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-09618]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8288-B

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Application for 
Withholding Certificate for Dispositions by Foreign Persons of U.S. 
Real Property Interests.

DATES: Written comments should be received on or before July 5, 2022 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include ``OMB Number 1545-1060-
Application for Withholding Certificate for Dispositions by Foreign 
Persons of U.S. Real Property Interests'' in the subject line of the 
message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Martha R. Brinson, at 
(202)317-5753, or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: Title: Application for Withholding 
Certificate for Dispositions by Foreign Persons of U.S. Real Property 
Interests.
    OMB Number: 1545-1060.
    Form Number: 8288-B.
    Abstract: Section 1445 of the Internal Revenue Code requires 
transferees to withhold tax on the amount realized from sales or other 
dispositions by foreign persons of U.S. real property interests. Code 
sections 1445(b) and (c) allow the withholding to be reduced or 
eliminated under certain circumstances. Form 8288-B is used to apply 
for a withholding certificate from IRS to reduce or eliminate the 
withholding required by Code section 1445.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
individuals or households.
    Estimated Number of Respondents: 508.
    Estimated Time per Respondent: 5hrs., 45 minutes.
    Estimated Total Annual Burden Hours: 2,926 hours.
    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. 
Comments will be 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 has 
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,

[[Page 26803]]

and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on 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: April 25, 2022.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2022-09618 Filed 5-4-22; 8:45 am]
BILLING CODE 4830-01-P