Video

  • 3 minutes

International Tax Forms- When to Use Forms 8288, 8288-A and 8288-B

 
If a foreign person owns U.S. real property and sells that property, the buyer of the property is required to withhold tax from the payment that would be made to the seller and pay the tax over to the IRS. The seller is then required to file a U.S. tax return and can claim the withholding tax as a credit against the actual tax liability, on the gain of that sale. This video will provide a quick overview of when to use international tax forms 8288, 8288-A and 8288-B.
Runtime: 3 minutes