Originally Posted by
doug555
Your letter states "That Form 1099-MISC issued was based on Bad Payer Data."
IMO, that 1099-MISC was CORRECT. The default currency for all transactions in the USA is FRNs. It is OUR duty to CORRECT THAT PRESUMPTION in every instance of same. This is WHY we must file a 1040 yearly to inform the IRS of our LMDs for ALL transactions, so they can use the total amount for all presumed FRNs (the total that is entered on Line 21) to reverse/discharge that amount from the "national debt".
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