Originally Posted by
salsero
Doug can you be more clear on the issue of receiving a 1099 where all the checks have been redeemed in LM either by actually demand per 12 USC 411 OR with this phrase: Deposited for credit on account or exchanged for non-negotiable federal reserve notes of face value - 12 USC 95a, By John Doe. I believe both the actual statute 12 USC 411 OR the Deposited for credit .... of face value equal the same over all idea of not accepting FRNs. Thanks
The question remains, that both a W2 and 1099 are tax class 5 forms - for estate and gift tax classification.