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1099-C For Government Debt Template Rev1

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100% found this document useful (2 votes)
209 views

1099-C For Government Debt Template Rev1

Uploaded by

rndvdb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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s Just an Account Adjustment Form.

i o n
ct
8585 VOID CORRECTED as a Settlement Claim

YOUR SOCIAL SECURITY TRUST


s t ru
CREDITOR’S name, street address, city, state, ZIP code, and telephone no. 1 Date canceled OMB No. 1545-1424

e In $ Monthly Statement amount


2 Amount of debt canceled
Cancellation
2009
EA D th 3 Interest if included in box 2
needs to be claimed per 1099-A
of Debt

R
CREDITOR’S federal identification number DEBTOR’S identification number
$
4 Debt description
Form 1099-C
Copy A
SS Number as account name EIN The Debt cancelation is against their TRADE ACCEPTANCE that the
CITY, COUNTY, STATE or COUNTRY with the Federal Reserve System For
DEBTOR’S name and the Federal Reserve System has charged against our Account. Internal Revenue
STATE Corporation or Department Service Center
With this accounting form 85 the Federal Reserve Banking
File with Form 1096.
System is Ordered to adjust my account for Full settlement.
Street address (including apt. no.) 5 Was borrower personally liable for repayment of the debt? For Privacy Act and
Paperwork Reduction
Act Notice, see the
City, state, and ZIP code 2009 General
Yes X No Instructions for
Forms 1099, 1098,
Account number (see instructions) 6 Check for bankruptcy 7 Fair market value of property 3921, 3922, 5498,
Your FRB bank account NUMBER on the Back of your SS Card X $ and W-2G.
Form 1099-C Cat. No. 26280W Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
________________________________________________________________________________________________________________________________
SPECIAL NOTE: I would not put the FRB bank account number on the copy B if you are giving that copy to someone else, they don't need it.
You keep the C copy for your records.
The NUMBER on the Back of your SS Card is your Federal Reserve Bank account number holding the interest due you from their Bonds.
Definition of the Account number. "May show an account or other unique number the creditor assigned to distinguish YOUR account."
The CREDITOR is your US-SS accessing Trust number as the bank account name and the YOUR Account number is your FRB bank account number.
The 8585 at the top of this form is the number of the Federal Reserve Bank accounting form "85" that determines what type of transaction that
is to be processed and against whose account. These are just FRB Banking Transaction Forms, and this one is an account adjustment form.
When you send in your First 1099 form along with the 1096, also send along a copy of your
Form 56 addressing the fact that you are the sole Fiduciary and Executor over the account.
The Internal Revenue System is nothing more than the Country's FRB Monetary System of Exchange and Accounting.
________________________________________________________________________________________________________________________________

For a better understanding refer to the other documents I have posted.


________________________________________________________________________________________________________________________________
Block 4 - I would detail it someting like what I have above..

Block 5 - I would initially mark it NO, you cancel the Debt they owe to the FRB against your account, they then have to cancel the debt you owe them,
so it is now a wash. If they do not settle it then they are the Bad Servant, the same way the FRB has been Acting.
If they do not settle, you then submit a corrected 1099-C marking it YES, and the fill out a 1099-A to claim funds from your FRB bank account and
then Pay them but the FRB as the Principal Debtor, they still owe the settlement to our FRB bank account for the usage of our property.
[this includes insurance, Licenses, other fees like their taxes and charges, they are the Beneficiary and Tenant that needs these to the Bonds they wrote.]
to protect the Bonds that they wrote against our assets.]

Block 6 - you can put an X for the Governmental Organizations because they are operating under Bankruptcy protection.

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