OMB understands
that the IRS is currently in the process of revising the
methodology it uses to estimate burden and costs. OMB expects that
future ICRs under this OMB control number will include dollar
estimates of annual burden costs to taxpayers calculated using this
revised methodology.
Inventory as of this Action
Requested
Previously Approved
07/31/2022
36 Months From Approved
07/31/2019
508
0
5,079
2,926
0
29,256
0
0
0
Form 8288-B is used to apply for a
withholding certification from IRS to reduce or eliminate the
withholding required by section 1445.
US Code:
26 USC 1445 (b) Name of Law: Exemptions
US Code:
26 USC 1445 (c) Name of Law: Limitations on amount required to
be withheld
US Code: 26
USC 1445 Name of Law: Withholding of tax on dispositions of
United States real property interests
There are no changes to the
collection however the estimates are being updated to eliminate
double counting associated with the business collection. The
information collection requirements and burden associated business
for Form 8288-B is accounted for in OMB control number 1545-0123,
U. S. Business Income Tax Return and has been removed from this
information collection 1545-1060.
$11,847
No
Yes
Yes
No
No
No
Uncollected
Clarence Light 202
622-3096
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.