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  • Form 8388

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Art V of this worksheet must be completed. The partnership or professional service corporation referred to in III.b is an FSO and the service organization referred to in III.d is an A Org.) 1024 Form 8388 (Rev. 3-2010) (Page 1) Cat. No. 62580V www.irs.gov Department of Treasury Internal Revenue Service CYCLE E IV. B ORGANIZATIONS Plan Reference Yes No N/A Plan Reference Yes No N/A a. Is one or more of the service organizations (potential FSOs and/or A-Orgs.) receiving servi.

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Form 8838 is used for gain recognition agreements under Internal Revenue Code sections 367(a) and 367(e)(2).

Form 8288. The tax withheld on the acquisition of a U.S. real property interest from a foreign person is reported and paid using Form 8288. Form 8288 also serves as the transmittal form for copies A and B of Form 8288-A. Generally, transferees must file Form 8288 by the 20th day after the date of the disposition.

Who Must File a Gain Recognition Agreement? The person or entity doing the transferring must file a gain recognition agreement ing to Section 367 of the U.S. Treasury regulations. In addition, the foreign transferee must fill out IRS Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation.

Historically, the IRS has taken approximately 90 days to respond to an 8288-B application.

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.

If the entity is not required to file a return for that year, a copy of its Form 8832 must be attached to the federal tax returns of all direct or indirect owners of the entity for the tax year of the owner that includes the date on which the election took effect.

A United States transferor must file Form 8838 (or a similar statement) if it enters into a gain recognition agreement pursuant to section 367(a) with respect to the transferred property. For purposes of section 367(a), the term “United States transferor” includes: A citizen or resident of the United States.

For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner, unless it files Form 8832 and affirmatively elects to be treated as a corporation.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232