81 FR 42792 - Proposed Collection; Comment Request for Forms 8288 and 8288-A

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 126 (June 30, 2016)

Page Range		42792-42792
FR Document		2016-15459

The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). 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.

Federal Register, Volume 81 Issue 126 (Thursday, June 30, 2016)

[Federal Register Volume 81, Number 126 (Thursday, June 30, 2016)]
[Notices]
[Page 42792]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15459]


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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 Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). 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 August 29, 2016 
to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, 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 Kerry Dennis 
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: June 14, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-15459 Filed 6-29-16; 8:45 am]
 BILLING CODE 4830-01-P

42792 Federal Register / Vol. 81, No. 126 / Thursday, June 30, 2016 / Notices

Dated: June 27, 2016. IRS. Form 8288–A is used by the IRS to or start-up costs and costs of operation,
Mary Hoyle Gottlieb, validate the withholding, and a copy is maintenance, and purchase of services
Regulatory Specialist, Legislative and returned to the transferor for his or her to provide information.
Regulatory Activities Division. use in filing a tax return. Approved: June 14, 2016.
[FR Doc. 2016–15590 Filed 6–29–16; 8:45 am] Current Actions: There are no changes Tuawana Pinkston,
BILLING CODE P being made to these forms at this time.
IRS Reports Clearance Officer.
The burden estimates below do not
[FR Doc. 2016–15459 Filed 6–29–16; 8:45 am]
include estimates for business or
individual filers. These estimates are for BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
all other filers only as business
Internal Revenue Service estimates are reported under 1545–0123
and individual estimates are reported DEPARTMENT OF THE TREASURY
Proposed Collection; Comment under 1545–0074.
Request for Forms 8288 and 8288–A Internal Revenue Service
Type of Review: Extension of a
AGENCY: Internal Revenue Service (IRS), currently approved collection. Proposed Collection; Comment
Treasury. Affected Public: Business or other for- Request for Form 6478
ACTION: Notice and request for
profit organizations and individuals or
households. AGENCY: Internal Revenue Service (IRS),
comments. Treasury.
Form 8288:
SUMMARY: The Department of the Estimated Number of Respondents: ACTION: Notice and request for
Treasury, as part of its continuing effort 10,000. comments.
to reduce paperwork and respondent Estimated Time per Respondent: 17
burden, invites the general public and SUMMARY: The Department of the
hr., 21 min. Treasury, as part of its continuing effort
other Federal agencies to take this Estimated Total Annual Burden
opportunity to comment on proposed to reduce paperwork and respondent
Hours: 174,900. burden, invites the general public and
and/or continuing information Form 8288A:
collections, as required by the other Federal agencies to take this
Estimated Number of Respondents: opportunity to comment on proposed
Paperwork Reduction Act of 1995, 17,500.
Public Law 104–13 (44 U.S.C. and/or continuing information
Estimated Time per Respondent: 3 hr., collections, as required by the
3506(c)(2)(A)). Currently, the IRS is 56 min.
soliciting comments concerning Form Paperwork Reduction Act of 1995,
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
8288, U.S. Withholding Tax Return for Hours: 68,775.
Disposition by Foreign Persons of U.S. 3506(c)(2)(A)). Currently, the IRS is
The following paragraph applies to all soliciting comments concerning Form
Real Property Interests, and Form 8288– of the collections of information covered
A, Statement of Withholding on 6478, Biofuel Producer Credit.
by this notice:
Dispositions by Foreign Persons of U.S. DATES: Written comments should be
An agency may not conduct or
Real Property Interests. sponsor, and a person is not required to received on or before August 29, 2016
DATES: Written comments should be respond to, a collection of information to be assured of consideration.
received on or before August 29, 2016 unless the collection of information ADDRESSES: Direct all written comments
to be assured of consideration. displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue
ADDRESSES: Direct all written comments Books or records relating to a collection Service, Room 6526, 1111 Constitution
to Tuawana Pinkston, Internal Revenue of information must be retained as long Avenue NW., Washington, DC 20224.
Service, Room 6526, 1111 Constitution as their contents may become material FOR FURTHER INFORMATION CONTACT:
Avenue NW., Washington, DC 20224. in the administration of any internal Requests for additional information or
FOR FURTHER INFORMATION CONTACT: revenue law. Generally, tax returns and copies of the form and instructions
Requests for additional information or tax return information are confidential, should be directed to LaNita Van Dyke
copies of the form and instructions as required by 26 U.S.C. 6103. at Internal Revenue Service, Room 6526,
should be directed to Kerry Dennis at Request for Comments: Comments 1111 Constitution Avenue NW.,
Internal Revenue Service, Room 6526, submitted in response to this notice will Washington, DC 20224, or through the
1111 Constitution Avenue NW., be summarized and/or included in the Internet at Lanita.VanDyke@irs.gov.
Washington, DC 20224, or through the request for OMB approval. All SUPPLEMENTARY INFORMATION:
internet, at Kerry.Dennis@irs.gov. comments will become a matter of Title: Biofuel Producer Credit.
SUPPLEMENTARY INFORMATION: public record. Comments are invited on: OMB Number: 1545–0231.
Title: U.S. Withholding Tax Return for (a) Whether the collection of Form Number: Form 6478.
Disposition by Foreign Persons of U.S. information is necessary for the proper Abstract: Use Form 6478 to figure
Real Property Interests (Form 8288) and performance of the functions of the your section 40 biofuel producer credit.
Statement of Withholding on agency, including whether the You claim the credit for the tax year in
Dispositions by Foreign Persons of U.S. information shall have practical utility; which the sale or use occurs. This credit
Real Property Interests (Form 8288–A). (b) the accuracy of the agency’s estimate consists of the second generation biofuel
OMB Number: 1545–0902. of the burden of the collection of producer credit.
Form Number: 8288 and 8288–A. information; (c) ways to enhance the Current Actions: There are revisions
mstockstill on DSK3G9T082PROD with NOTICES

Abstract: Internal Revenue Code quality, utility, and clarity of the being made to this form at this time.
section 1445 requires transferees to information to be collected; (d) ways to Type of Review: Revisions of a
withhold tax on the amount realized minimize the burden of the collection of currently approved collection.
from sales or other dispositions by information on respondents, including Affected Public: Business or other for-
foreign persons of U.S. real property through the use of automated collection profit organizations.
interests. Form 8288 is used to report techniques or other forms of information Estimated Number of Respondents:
and transmit the amount withheld to the technology; and (e) estimates of capital 3,300.

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Document Created: 2018-02-08 07:45:13
Document Modified: 2018-02-08 07:45:13

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before August 29, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation		81 FR 42792

81 FR 42792 - Proposed Collection; Comment Request for Forms 8288 and 8288-A

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 126 (June 30, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service