Proposed Collection; Comment Request for Forms 8288 and 8288-A, 53833 [2019-21868]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[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