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Thread: Company beats IRS penalties with Lawful Money

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  1. #6
    JohnnyCash
    Guest
    Welcome freedomfighter. As I understand, the company banked some of its income as lawful money by stamping the backside of deposited checks like this: http://jesse2012.com/boaCHECK.jpg Also called a 'restricted endorsement.' The similar stamped receipt shown probably functions as a reminder or indicator of that lawful money deposit. The amount appears to be over $116,000.
    Last edited by JohnnyCash; 03-18-13 at 05:49 PM.

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