"No its not an A4V. It's a money order!"
"Your paying the tax to the IRS and then the IRS can turn around and bill the account of the person that sent you the bill. You have not been doing that so they are billing you. They're double dipping. They go into your account and get the money, then send you a coupon which is a check, and you never used the coupon, you sent it back to them. They keep the coupons. You paid them twice. They are getting paid twice for every transaction they do with you. Every bill is a tax bill! So take the original coupon and write on it:
Pay to the order of: U. S. Department of the Treasury, Timothy Geithner, Governor of the International Monetary Fund
Pay: Three thousand twelve dollars and no cents $3,012.00
Debit/Charge the sum said to WHOEVER sent you the bill (Utility, IRS, etc.)
Credit the memory of my account 123456789
"What you are doing, you are paying it to the IRS then they are doing a charge to the account of the utility company or whoever sent you the bill and then they credit to the memory of your account. That's how you do redemption. That is the proper way to do it!
"And send a copy to the person that sent you the bill along with a 1040 V, 1040 and 1096 and a 1099 OID [the biller does not need all of these].. Put it in as income! You are reporting it to the IRS as income. How many 1040's can you file in a year? It depends on how many transactions you have. Put all transactions on one form if you want to wait until the end of the year."
[Form 8281 has to accompany every 1099 OID. Call a broker and get the CUSIP number that is associated with the social security number that is associated with you.]
"Sign in red ink! Don't ever sign anything in blue ink the sign of a dead man. Never do anything in blue ink.
Everything has to be in red ink!
Your signature has to be the last signature on the page cause they only see the last signature and so they can't sign anything after your signature, on the bottom right of both sides of the paper!
I can show you a IRS practice manual that every document has to be signed in red ink."
From R; The 1040, line 8A, reports the income of the Federal tax withheld credit "Name" received, evidenced by the receipts attached and reported on the 1099-A's and 1099-OID's. The credit was tendered to "Name" by the payer. These attached receipts of the debt instruments are acceptances as that term is used in UCC 3-409. Acceptance is a basis of currency and a tax to the United States under the Federal Reserve Act of 1913, sections 16, partially quoted here:
"SEC. 16. Federal reserve notes, to be issued at the discretion of the Federal Reserve Board for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are hereby authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues................."
"Name's" debt instruments conform to regulation 26 CFR 1.1271-1.1275, which define debt instruments issued with a 1099-OID, made by a private man and natural persons. An inclusion of OID in income is reported according to the instructions given for the 1099-INT and the 1099-OID and in accordance with 26 CFR 1.1272-1. The instructions for the 1099-A state that all transactions, pro rata and non pro rata, including credit transactions both tangible and intangible over $10 in amount, are to be reported under the full faith and credit financial system of the United States.
The proof of Federal income tax withholding from box 4 of the 1099-A's attached is detailed as follows: The 1099-A shows the amount of acquisition when the payer borrowed Federal reserve note credits from the Federal Reserve account. The payer held the Federal reserve note credits from "Name's" credit account. Federal reserve notes are Federal income tax (obligations) under the previously quoted section of the Federal Reserve Act of 1913. Payer received the Federal reserve note credit pursuant to the rules of the Federal reserve banking system. Because payer still charged "Name" 100 % of the face value, payable only in Federal reserve note based credit, the attached receipts are proof that Federal income tax withholding is on the face value of said receipts from the Federal Reserve to the banks and credit institutions.
Remove this line and all below before printing
Based on the above, our acceptances should be a simple signature on the receipt, statement or bill. Below our signature we write "Issued with OID" [also write; under penalty of perjury and safe harbor]. The issue date is the date the company sent you the statement or bill. The maturity date is the date you send it all in to the IRS for reconciliation.
Everything we "spend", costing $10 or more per item, is refundable and recoverable through this process. Discharge of existing debt will be handled the same way, a simple acceptance.