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FORM REW110412019MAINE REVENUE SERVICES99REAL ESTATE WITHHOLDING RETURN FOR TRANSFER OF REAL PROPERTY×1209800*By sellers that are trusts or estates TO BE COMPLETED BY THE BUYER OR OTHER TRANSFEREE
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How to fill out 999999999999 real estate withholding

01
Obtain a copy of form 999999999999 real estate withholding.
02
Fill out the taxpayer identification number (TIN) of the transferor.
03
Indicate the amount of the gross proceeds.
04
Sign and date the form.
05
Submit the completed form to the appropriate tax authority.

Who needs 999999999999 real estate withholding?

01
Individuals or entities who are involved in real estate transactions where there is a potential withholding requirement.
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999999999999 real estate withholding refers to a tax collection mechanism where a portion of the proceeds from the sale of real estate is withheld to ensure that sellers pay their tax obligations on the profit made from the sale.
Typically, the buyer or the title company involved in the transaction is required to file the 999999999999 real estate withholding, particularly when the seller is a non-resident alien or foreign corporation.
To fill out the 999999999999 real estate withholding form, one must provide details such as the seller's information, buyer's information, property details, sale price, and the amount being withheld.
The purpose of the 999999999999 real estate withholding is to ensure that the government collects tax revenue from non-resident sellers who may otherwise fail to pay taxes on their real estate transactions.
The form requires reporting of information including the names and addresses of the buyer and seller, property address, sales price, and the calculated withholding amount.
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