IRS form 1040.
Many people use this form every year to pay their taxes. Little do they know that it is a payment to the United Kingdom.
I'll do my best to break this down....We bigin with IRS Document 6209, some 400 pages.
A blocking series which shows the taxpayer the type of tax that is being paid. Most taxpayers fall under a 300-399 blocking series, which 6209 states is reserved.
BMF 300-399 which is the Business Master File in
6209 prior to 1991, this was U.S.-U.K. Tax Claims, meaning taxpayers are considered a business and involved in commerce ie: liable for those taxes via a treaty between the U.S. and the U.K.
The form that is supposed to be used for this is form 8288, FIRPTA-Foreign Investment Real Property Tax Account. The 8288 form is in the Law Enforcement Manual of the IRS, chapter 3.
The OMB's-paper-Office of Management and Budget, in the
Department of Treasury, List of Active Information collections, Approved Under Paperwork Reduction Act is where form 8288 is found under OMB number 1545-0902, which says U.S. with holding tax return for dispositions by foreign persons, of U.S. Form 8288, 8288a.
These codes have since been changed to read as follows: IMF 300-309, Barred Assessment, CP 55 generated valid for MFT-30, which is the code for the 1040 form.
IMF 310-399 reads the same as IMF 300-309, BMF 390-399 reads U.S.-U.K. Tax Treaty Claims.
26 U.S.C. does not apply as the payments are based on a Treaty which is above All Statutes, Codes and Ordinances.
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