Tax Notes logo
HOMETax Notes ResearchFederalIRS Guidancerevenue procedures

Rev. Proc. 83-65

Rev. Proc. 83-65; 1983-2 C.B. 584

DATED
DOCUMENT ATTRIBUTES
  • Cross-Reference

    26 CFR 601.602: Forms and instructions.

    (Also Part 1, Sections 1441, 1442, 1443, 1461, 1462, 1463, 1464,

    601 1; 1. 1441-1, 1.1442-1, 1.1443-1, 1.1461-2, 1.1462-1, 1.1463-1,

    1.1464-1, 1.6011-1.)

  • Language
    English
  • Tax Analysts Electronic Citation
    not available
Citations: Rev. Proc. 83-65; 1983-2 C.B. 584

Superseded by Rev. Proc. 85-12

Rev. Proc. 83-65

SECTION 1. PURPOSE

The purpose of this revenue procedure is to modify Rev. Proc. 83-3 with respect to elements 6, 24, 25, 26, and 30 of SEC. 5 UNDER PART "B"-MAGNETIC TAPE SPECIFICATIONS.

SEC. 2. CHANGES

Element 6 of SEC. 5 "State Code" is changed to delete CD for Canada, MX for Mexico, and XX for other Foreign Countries as valid state codes on the recipient "Q" record. Instead of entering CD, MX, or XX, you should leave this field blank and enter the appropriate country code in element 11 of SECTION 5.

Elements 24, 25, 26, and 30 of SEC. 5-"RECIPIENT "Q" RECORD" OF REV. PROC. 83-3 are changed to read as follows:

 Element     Positions        Title               Description

 

 --------------------------------------------------------------------

 

   24           356     Exemption Code   Enter the one digit exemption

 

                                         code from the list below. If

 

                                         the rate of tax shown is 00%,

 

                                         enter the code 1-4 that

 

                                         applies. If the rate of tax

 

                                         shown is other than 00%,

 

                                         enter a zero in this field.

 

 

       Code  Exemption Claimed

 

         0   No exemption is claimed, rate of tax is above 00%.

 

         1   Income is effectively connected (Form

 

              4224 is attached to Form 1042).

 

         2   Income is exempt from tax by the Internal Revenue Code.

 

         3   Income is Non-U.S. Sourced.

 

         4   No withholding per tax treaty for this type of income.

 

 

   25           357     Reserved         Zero fill.

 

 

   26         358-359   Rate of Tax      Enter the two digit tax rate.

 

                                         Do not use percent signs or

 

                                         decimal points. A valid rate

 

                                         must be shown. Valid rates

 

                                         are 00, 02, 04, 05, 10, 12,

 

                                         14, 15, 20, 25, 27, and 30.

 

                                         Use 27 and 12 for true tax

 

                                         rates of 27 1/2% and 12 1/2%.

 

                                         When an exemption code of 1-4

 

                                         is shown, the rate of tax

 

                                         must equal 00%.

 

 

   30           393     Reserved         Zero fill.

 

 

SEC. 3. EFFECT ON REVENUE PROCEDURES

Rev. Proc. 83-3 is modified.

DOCUMENT ATTRIBUTES
  • Cross-Reference

    26 CFR 601.602: Forms and instructions.

    (Also Part 1, Sections 1441, 1442, 1443, 1461, 1462, 1463, 1464,

    601 1; 1. 1441-1, 1.1442-1, 1.1443-1, 1.1461-2, 1.1462-1, 1.1463-1,

    1.1464-1, 1.6011-1.)

  • Language
    English
  • Tax Analysts Electronic Citation
    not available
Copy RID