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Federal forms, ICRs, and supporting documents

Information Collection Request

Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests

ICR 201903-1545-004 · OMB 1545-1060 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form Form 8288-B Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests Form and Instruction Modified Available
2019-05-14_SS_1545-1060r.doc Supporting Statement A Uploaded 2019-05-14 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
43871 Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests Form and Instruction Modified
ICR Details
1545-1060 201903-1545-004
Active 201512-1545-020
TREAS/IRS
Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests
Revision of a currently approved collection   No
Regular
Approved without change 07/08/2019
Retrieve Notice of Action (NOA) 05/31/2019
OMB understands that the IRS is currently in the process of revising the methodology it uses to estimate burden and costs. OMB expects that future ICRs under this OMB control number will include dollar estimates of annual burden costs to taxpayers calculated using this revised methodology.
  Inventory as of this Action Requested Previously Approved
07/31/2022 36 Months From Approved 07/31/2019
508 0 5,079
2,926 0 29,256
0 0 0
Form 8288-B is used to apply for a withholding certification from IRS to reduce or eliminate the withholding required by section 1445.
US Code: 26 USC 1445 (b) Name of Law: Exemptions
   US Code: 26 USC 1445 (c) Name of Law: Limitations on amount required to be withheld
   US Code: 26 USC 1445 Name of Law: Withholding of tax on dispositions of United States real property interests
  
None
Not associated with rulemaking
  84 FR 3852 02/13/2019
84 FR 25122 05/30/2019
No
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 508 5,079 0 -4,571 0 0
Annual Time Burden (Hours) 2,926 29,256 0 -26,330 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Cutting Redundancy
There are no changes to the collection however the estimates are being updated to eliminate double counting associated with the business collection. The information collection requirements and burden associated business for Form 8288-B is accounted for in OMB control number 1545-0123, U. S. Business Income Tax Return and has been removed from this information collection 1545-1060.
$11,847
No
    Yes
    Yes
No
No
No
Uncollected
Clarence Light 202 622-3096
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
05/31/2019