Reason Banks feel its obligated to require Social Slave #s. The Patriot act lie! Patriot Act, H.R. 3162 Section 312 and 326 are parts of 31 USC § 5318 - Compliance, exemptions, and summons authority, (i) Due Diligence for United States Private Banking and Correspondent Bank Accounts INVOLVING FOREIGN PERSONS.— (1) In general.— Each financial institution that establishes, maintains, administers, or manages a private banking account or a correspondent account in the United States for a NON-UNITED STATES PERSON, including a FOREIGN INDIVIDUAL visiting the United States, or a representative of a non-United States person shall establish appropriate, specific, and, where necessary, enhanced, due diligence policies, procedures, and controls that are reasonably designed to detect and report instances of money laundering through those accounts. (3) Minimum standards for private banking accounts.— If a private banking account is requested or maintained by, or on behalf of, a NON-UNITED STATES PERSON, then... There is zero mention of a Social Slave # or a TIN being required in the patriot act to open a bank account. They are Bullshitting you! Affidavit to inform Company of Non-taxpayer status, Rescission of, and, or nondisclosure of TIN# and notice to discontinue reporting of my domestic private sector income as taxable income. Name: I,____________________________, swear or affirm: 1. I am not subject to any of the definitions or Internal Revenue laws contained within Title 26 of the U.S. Code.26USC7701(14) 2. I am not required to give a TIN # under 26USC6109 and am not subject to back up withholding under 26USC3406 and due to “Reasonable cause waiver NO PENALTY SHALL BE IMPOSED under this part with respect to any failure if it is shown that such failure is due to REASONABLE CAUSE and not to willful neglect.”26USC6724 3. I am not a foreign person or foreign corporation deriving U.S. source income, U.S. person abroad deriving foreign source income or U.S. person in control or custody as pass through entity of foreign income. 4. I am not a Resident, A foreign person who is residing in the United States, resident alien.26USC7701(b)(1)(a) 5. I am not an Employee, an officer, employee, or elected official of the United States, a State, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing. 26USC3401(c) and 26USC6331(a) 6. I am not an Individual, The term alien individual means an individual who is not a citizen or a national of the United States. 26CFR1.1441-1(c)(3)(i) 7. I am not a U.S. Person, an American citizen or domestic entity that is involved in or serving as the intermediary, flow-through entity, or a financial pipeline through which U.S. source income flows to its FOREIGN destination. T.D. 8734 8. I am not a Payee and understand you are not a Payor. The term payor is defined... and generally includes a withholding agent, as defined in § 1.1441-7(a). The term also includes any person that makes a payment to an intermediary, flow-through entity, or U.S. branch that is not treated as a U.S. person to the extent the intermediary, flow-through, or U.S. branch provides a Form W-9 or other appropriate information relating to a payee so that the payment can be reported under chapter 61 of the Internal Revenue Code and, if required, subject to backup withholding under section 3406. CFR 1.1441-1(c)(19) 9. I understand that you are not a Withholding Agent, means any person, U.S. or foreign, that has the control, receipt, custody, disposal, or payment of an item of income of a FOREIGN PERSON subject to withholding, 26CFR1.1441-7 I SWEAR OR AFFIRM THAT THE ABOVE AND FOREGOING REPRESENTATIONS ARE TRUE AND CORRECT TO THE BEST OF MY INFORMATION, KNOWLEDGE, AND BELIEF. Date: Signature: STATE OF ______________________ COUNTY OF______________________ I, the undersigned Notary Public, do hereby affirm that__________________ personally appeared before me on the ___ day of ______________ 20__, and signed the above Affidavit as his free and voluntary act and deed. Notary Public TaxHonestyPatriots
Posted on: Sun, 20 Oct 2013 02:25:47 +0000
Recently Viewed Topics
© 2015