Doug555,

Like djlamb, I am considering filing 1040 for first time in 4 years. I have been restricting my signature and Redeeming in Lawful Money (RILF) on my paychecks/deposit slips since January 2013, however I have not added the '95a(2)' language (only 12 USC 411). Around that time I sent a Notice and Demand to the US Treasury in DC, however I have not done so with my local bank. I would be shocked if there is NO ONE at my local bank who is not 'in the know' about Redeeming in Lawful Money, but this is possible. In other words, in reviewing the restricted signature with the novation of 12 USC 411 wouldn't the question be raised internally at that bank such as, 'what is this language on the back of these checks?'. Another caveat is that I was very strict in also stamping ATM withdrawals and POS purchases for a long time, but not as much in the past 2 months - intermittently doing so.

Questions:

1) How much does not sending 'Notice and Demand' to my local bank 'hurt me'? As stated, Treasury was notified (recorded it in local Recorder's office), and I have been 100% consistent in novating all deposits into my local bank account. I have all those checks/deposit slips saved as evidence.

2) Once the deposits were RILF into my account, is it absolutely necessary to RILF for every withdrawal from that account?

3) I have been SEVERELY punished in 6702 penalties by Auntie for 2008 for my CTC filing for that year. I feel I will come under greater scrutiny from Auntie if filing 1040 with an offset for RILF. In other words, 'Oh, this guy is trying to "evade his taxes" again. Let's go after him'. Would anyone agree that I am at greater risk for issues with Auntie?

4) From the info I have provided, what do I need to do going forward?


Thank you all for this great site and these Forums.

Sincerely,

IMM