It is like any Zero Return - you are only to report Taxable Income and it depends entirely upon your right to be heard, and the law. That last part is why Pete HENDRICKSON is in prison. He figured that could read:
What I am saying is that the Reports from clients and PayPal are not heard when you send in a signed 1040 Form. They become Hearsay, compared to your signed testimony.It is like any Zero Return - you are only to report Taxable Income and it depends entirely upon your right to be heard, and the traditional patriot mythology - private but logical interpretations of the IR Code.
An example is this NY State assessment:
David I have listened to your vids, I'm extremely excited to get this going. I went to my bank today that I have a business account with and wanted to change my ID signature card they said I couldn't put anything more on that signature card other than my name? They even called to verify. How do I even get this account under lawful money if they won't let me put it on my signature card. Thanks for Anyones help right now, I need to get out of this mess. Thx
Whoops! This looks like I let that one slip by.
This is quite simply a case of allowing the bank to be in charge rather than forming a business relationship. If your bank sees you forming a mutually beneficial relationship with a competitor bank that will respect your right to redeem lawful money they will likely rethink your blanket non-endorsement (restricted endorsement).
Doug,
Yeah, that's what I do and have been doing for 3 years, I guess I would feel better now that PayPal is reporting to have my RE on that account.
David, Thanks for contributing... I'm missing how that image you posted is relevant to your quote above. That looks like a zero return, which I don't have. I have a fair amount of FRN liability, about 1/3 of the gross.It is like any Zero Return - you are only to report Taxable Income and it depends entirely upon your right to be heard, and the law. That last part is why Pete HENDRICKSON is in prison. He figured that could read:
What I am saying is that the Reports from clients and PayPal are not heard when you send in a signed 1040 Form. They become Hearsay, compared to your signed testimony.
It seems as though I'm not doing a very good job of explaining myself.
I'm in business. I do have a storefront, so it's obvious I'm in business.
I do pay the local tax. The State has no tax.
I have to file a federal return. I do not have any withholdings, I pay (if I owe)
when I file.
Say I have 100K gross. 30K is non-restricted endorsed FRN. The rest has been
lawful money through my restricted endorsements.
Say the cost of doing business is 45K. Leaving a surplus of 65K.
My local borough tax is quarterly, which I have to pay on the gross every quarter.
What I'm getting down to here is this;
How is this written up on the return? There are places for the gross, and the net,
but there is no place for "how much was in lawful money".
If I write down the numbers as they are, they are going to say that I owe them taxes
on 65K which comes out to about 15-20K.
But what I'm telling them is that I don't owe them anything because I'm only liable for
30K, which after tax credits and cost of doing business is nothing owed.
Please link the Form you propose to use and we can examine that specifically.
IRS Forms.
Meanwhile I suggest you order a stamp.
Certainly, people are not required to get a license, permit ect to do anything.
Persons are required to.
By the way, you cannot be a people without redeeming lawful money.
My current opinion only and not legal advise.
Hello All,
I am a brand new member of the suitor club so I apologize in advance...
I have been following this site along with a few others just trying to grasp hold of the hold idea of redeeming lawful money. I get it, I do. I've ordered my stamp and I plan on implementing this remedy on everything I do.
The long and short of it is I am a 30 y.o business owner who is just getting started. I purchased a mobile food unit in October and we are set to launch in about a month or so. I presume most all of our sales will be cash with a few exceptions where customers may utilize Square-Up https://squareup.com/...payment from a smartphone.
What are the definitive steps someone like myself would need to do in order to rid myself of the IRS in all my business dealings. I have no accounting or business background (the business aspect I'm leaving to my fiance). To be honest I am completely lost with the whole accounting aspect of it. Being a 30 year old female, when I explain what I am doing to my friends and collegues they are totally lost and more or less look at me like I have 10 heads. Yes, I am quite ahead of my time But have no one to help me. We've filed our LLC and DBA with Pennsylvania. Being as though we created our LLC back in October and are not even up and running- thus no income- I have just been filing zeros on my quarterly statements.
Any suggestions or help or feedback would be most appreciated!