This training materials reviews how to prepare form 8288-B, Application for a Withholding Certificate. When a non-resident alien sells a US property, the title company is supposed to hold back 15% of the sales proceeds. To reduce the withholding tax, form 8288-B should be filed with the IRS. This training materials includes the following documents:
– Case Facts
– Form 8288-B for Megan
– Form 8288-B for Drake
– Attachment to Form 8288-B
– Tax Calculation
– Form 8288-B Information request
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.