Who is off the taxpaying hook?

[Anthony Joseph]

who is claiming i owe a debt?

[JohnnyCash]

I'm off the hook, although on its face you'd think I would owe:
http://jesse2012.com/my109912.jpg

Thankfully I discovered Redeeming Lawful Money!

[salsero]

I'm off the hook, although on its face you'd think I would owe:
http://jesse2012.com/my109912.jpg

Thankfully I discovered Redeeming Lawful Money!

I do not want to presume - you did not pay any taxes, including FICA TAXES on the 2012 1099-MISC?
You simply redeemed lawful money on all checks relating to the total $79073? And this automatically includes not only federal income taxes but also social security and medicare taxes as well?
If this is the case, may I ask how did you back out the L56 - Self Employment taxes out of the 1040?

[JohnnyCash]

I did not pay any federal income tax, social security tax nor Medicare tax on the 2012 1099-MISC reported amount; nothing withheld, nothing paid. Full amount billed, full amount paid. I simply redeemed lawful money on all checks related to the total $79k. No obligation to file, no 1040 filed. Perhaps you're thinking, it cain't be this easy. Well I'm here to tell you it is. No income taxes paid since 2007.

[salsero]

I did not pay any federal income tax, social security tax nor Medicare tax on the 2012 1099-MISC reported amount; nothing withheld, nothing paid. Full amount billed, full amount paid. I simply redeemed lawful money on all checks related to the total $79k. No obligation to file, no 1040 filed. Perhaps you're thinking, it cain't be this easy. Well I'm here to tell you it is. No income taxes paid since 2007.

So in other words you did not file ANY 1040, even though you received a 1099-MISC for 2012? Thank you for the audio - but it really answered nothing except about listening to a webinar.

Have you ever sent notice to the IRS that you only redeem lawful money?

If any 1099 or W-2 is issued and you, the taxpayer does not "voluntarily" submit the "accounting and pay whatever tax is due", you will be sent a letter of demand from the IRS. Please explain further.

[JohnnyCash]

So in other words you did not file ANY 1040, even though you received a 1099-MISC for 2012?

Correct.

Have you ever sent notice to the IRS that you only redeem lawful money?

No.

If any 1099 or W-2 is issued and you, the taxpayer does not "voluntarily" submit the "accounting and pay whatever tax is due", you will be sent a letter of demand from the IRS.

I don't know about letter of demand, but I suspect in that case one should expect an IRS inquiry, or at least a WE MISS YOU letter. Nothing so far. Oh, and I just received another 1099 for 2013 (WOOHOO!) so I'll have to scan that for you.

[JohnnyCash]

As promised, here is a Form 1099-MISC recently sent to me. Of course the amount reported wasn't federal income, it was redeemed lawful money, so I won't be filing a return of income. Just like last year's and so far the IRS has no problem with it.
http://jesse2012.com/my109913.jpg