Notice2022-09618
Proposed Collection; Comment Request for Form 8288-B
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 5, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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.
Full Text
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<title>Federal Register, Volume 87 Issue 87 (Thursday, May 5, 2022)</title>
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[Federal Register Volume 87, Number 87 (Thursday, May 5, 2022)]
[Notices]
[Pages 26802-26803]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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 <a href="/cdn-cgi/l/email-protection#ed82808fc398838499ad849f9ec38a829b"><span class="__cf_email__" data-cfemail="90fffdf2bee5fef9e4d0f9e2e3bef7ffe6">[email protected]</span></a>. 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 <a href="/cdn-cgi/l/email-protection#4e032f3c3a262f601c600c3c27203d21200e273c3d60292138"><span class="__cf_email__" data-cfemail="5a173b282e323b740874182833342935341a332829743d352c">[email protected]</span></a>.
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
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