Quote Originally Posted by Michael Joseph View Post
If you have a zero filing....the computer is most likely kicking it out based on BEARD v COMMISSIONER and U.S. v RIFEN. Beard argues an EXCHANGE THEORY labor for notes = no gain. Beard does not see the Trust.

In Rifen FRN's are Taxable. Huge Presumption. Question: What's in your wallet?

Shalom,
MJ

It might be better then to file in a more direct manner. The total FICA and SS "tax" treated as insurance premiums go on line 21. The W-2 total goes on the Schedule.