Instructions For Form 8288 (Page 5 of 5) in pdf

complete Part II of Form 8288, and Form

Number, with supporting documentation

Department of Justice for civil and

8288-A.

and a copy of Forms 8288 and 8288-A to

criminal litigation, and to cities, states, the

the IRS at the address given in the Form

District of Columbia, and U.S.

Lines 1. In Part I, enter the name,

W-7 instructions.

commonwealths and possessions for

address, and identifying number of the

administration of their tax laws. We may

Lines 2. Enter the location and a

buyer or other transferee responsible for

also disclose this information to other

withholding under section 1445(a). Do not

description of the property, including any

countries under a tax treaty, to federal

enter the name, address, and identifying

substantial improvements (for example,

and state agencies to enforce federal

number of a title company, mortgage

“12-unit apartment building”). In the case

nontax criminal laws, or to federal law

company, etc. unless it happens to be the

of interests in a corporation that constitute

enforcement and intelligence agencies to

actual buyer or transferee.

a U.S. real property interest, enter the

combat terrorism.

class or type and amount of the interest

In Part II, enter the name, address,

(for example,“10,000 shares Class A

You are not required to provide the

and identifying number of the entity or

Preferred Stock XYZ Corporation”).

information requested on a form that is

fiduciary responsible for withholding

subject to the Paperwork Reduction Act

Line 4. Copies A and B of each Form

under section 1445(e). Do not enter the

unless the form displays a valid OMB

8288-A should be counted as one form.

name, address, and identifying number of

control number. Books or records relating

a title company, mortgage company, etc.

Part II, line 3. If you are a qualified

to a form or its instructions must be

unless it happens to be the actual entity

investment entity, domestic trust or

retained as long as their contents may

responsible for withholding under section

estate, or you make the large trust

become material in the administration of

1445(e).

election, enter the date of distribution.

any Internal Revenue law. Generally, tax

The IRS will contact the person or

Paid Preparer

returns and return information are

entity listed on line 1 to resolve

confidential, as required by section 6103.

Generally, anyone you pay to prepare

any problems that may arise

CAUTION

Form 8288 must sign it and include their

The time needed to complete and file

concerning underwithholding and/or

Preparer Tax Identification Number

these forms will vary depending on

penalties.

(PTIN) in the space provided.

individual circumstances. The estimated

Name and address. If you are a

average times are:

Privacy Act and Paperwork Reduction

fiduciary, list your name and the name of

Act Notice. We ask for the information

the trust or estate. Enter the home

Form 8288

Form 8288-A

on this form to carry out the Internal

address of an individual or the office

Recordkeeping 5 hr., 15 min.

2 hr., 52 min.

Revenue laws of the United States.

address of an entity.

Section 1445 generally imposes a

Identifying number. For a U.S.

Learning

withholding obligation on the buyer or

about the law

individual, this is a social security number

other transferee (withholding agent) when

or the form . .

5 hr., 8 min.

30 min.

(SSN). For any entity other than an

a U.S. real property interest is acquired

individual (for example, corporation,

Preparing and

from a foreign person. Section 1445 also

qualified investment entity, estate, or

sending the

imposes a withholding obligation on

trust), this is an employer identification

form to the

certain foreign and domestic corporations,

number (EIN). If you do not have an EIN,

IRS . . . . . . . .

6 hr., 38 min.

34 min.

qualified investment entities, and the

you can apply for one online at

fiduciary of certain trusts and estates.

If you have comments concerning the

gov/smallbiz

or by telephone at

This form is used to report and transmit

accuracy of these time estimates or

1-800-829-4933. Also, you can file Form

the amount withheld.

suggestions for making these forms

SS-4, Application for Employer

simpler, we would be happy to hear from

Identification Number, by fax or mail.

You are required to provide this

you. You can write to the Internal

information. Section 6109 requires you to

For a nonresident alien individual who

Revenue Service, Tax Products

provide your identification number. We

is not eligible for an SSN, this is an IRS

Coordinating Committee,

need this information to ensure that you

individual taxpayer identification number

SE:W:CAR:MP:T:T:SP, 1111 Constitution

are complying with the Internal Revenue

(ITIN). If the individual does not already

Ave. NW, IR-6526, Washington, DC

laws and to allow us to figure and collect

have an ITIN, he or she should complete

20224. Do not send the forms to this

the right amount of tax. Failure to provide

Forms 8288 and 8288-A and mail the

address. Instead, see Where To File,

this information in a timely manner, or

forms along with any payment to the

earlier.

providing false information, may subject

address shown under Where To File,

you to penalties. Routine uses of this

earlier. In a separate package mail a

information include giving it to the

completed Form W-7, Application for IRS

Individual Taxpayer Identification

-5-

Instructions for Form 8288 (Rev. 6-2011)

Instructions For Form 8288 Page 5

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