Resistance and Refusal by Banks

[Freed Gerdes]

Here is the thread of my rather combative correspondence with Bank of America.
First, my Notice and Demand for Lawful Money, filed with the Registrar of Deeds for the county, found at this link: http://imageshack.us/photo/my-images/18/006dki.jpg/.
Second, my Demand Letter to BofA, found at this link: http://imageshack.us/photo/my-images/203/003spz.jpg/
Third, BofA First Denial Letter, found at this link: http://imageshack.us/photo/my-images/202/004ebl.jpg/
Fourth, my Reply to BofA Denial Letter, found at this link: http://imageshack.us/photo/my-images/4/002htj.jpg/
Fifth, BofA Second Denial Letter, found at this link: http://img802.imageshack.us/img802/6634/001yp.jpg

Similar chain occurs with E*Trade Financial (US equities brokerage account), with less resistance. I will post those links separately soon.

My strategy was to make notice of my demand at mid-year, so I would clearly have some income before and some after. I intend to file an income tax form 1040, and list income prior to demand, and not report income post demand. I will include this letter [at this link: http://imageshack.us/photo/my-images/10/007vozz.jpg/], putting the IRS on notice of my interpretation of current Internal Revenue Code treatment of lawful money. If the IRS responds, I will have something in writing. If the IRS fails to respond, I will have a rebuttable presumption record. I choose to proceed in this fashion specifically to create a paper trail I can use to prove to others that use of lawful money is a valid defense against paying income taxes. The test is barely valid, since I am retired and have only SS and some capital gains from stock trades as income; at my overall income level, none of SS is taxable, so I am not liable for any taxes due, whether I report all income as taxable or not, but the IRS will have to respond to my letter or let the rebuttable presumption stand...

ps to DM: I do not believe BofA is paying any interest on this acct. [I have two accts there, and cannot find any entries in the bank records to show when/where/to which acct I was credited with the $11 reported by BofA on a 1099.]