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Printable Form 8288-A Oxnard California: What You Should Know

Notice of Withholding Filing and payment of U.S. income tax. Filing and payment of foreign income tax. If the property is purchased by a foreign person to the extent that property was not sold to a U.S. person pursuant to an arm's length transaction or a bona fide sale, then the foreign person will report and pay additional U.S. tax on any gain. Nonprofit entity, tax-exempt organization, or certain regulated investment companies. This form is used for certain transactions that do not meet the requirements of Section 501(c) of the Internal Revenue Code. Additional withholding must be remitted if the value of the property, paid as an investment, exceeds 10,000 in any calendar year. Additional cash payment (for example, cashier's check) is required if the property paid was either not a real estate investment property, a farm or fishing boat, or a business, trade or profession in which the proceeds were derived exclusively from a business and not from rents, or wages or any compensation for an activity which is performed under the direct supervision of the proprietor. Notice of Payroll and Other Withholding Information — IRS For additional information, contact the payer's local office of the Internal Revenue Service for more information. The form may be filed electronically or on any paper form provided by the seller.  Form 8288-A—Statement of Withholding on Dispositions by Foreign Persons of U.S.

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