Lawful Money Stops IRS Proposal

[Michael Joseph]

I would like to share my experience with the Saving To Suitors Club. The IRS said they'd get back to me about my lawful money tax return within 60 days, but they have not even allowing time for mailing. No response.

Made about $40k at job (W2) and about $28k at side business (1099) for the year. I put a minus $15k on Line 21 of the 1040 return (paychecks redeemed in Lawful Money). None of the side business income was entered on the return as it was all redeemed lawful money.
Tax return filed: http://www.ctcwarrior.com/1040manny1.jpg
http://www.ctcwarrior.com/1040manny2.jpg

It is likely the IRS computer finally detected the reported 1099 business income was NOT included on my 1040 return, and they sent this CP2000 proposal of $10k due: http://www.ctcwarrior.com/CP2000_1.jpg
http://www.ctcwarrior.com/CP2000_2.jpg

My letter back to them essentially said, no I don't agree with your proposal, the reported 1099 amounts were all redeemed lawful money and here attached are copies of the LM checks, front and back.

IRS response: http://www.ctcwarrior.com/LTR4.jpg

Since then: [crickets]

To be sure, I also requested and just received this Account Transcript showing a zero balance due on the account: http://www.ctcwarrior.com/Transcript724.jpg

This confirms David Merrill is correct. Lawful money is not neccesarily taxable income. Thank you.

I like that. The notes in circulation have trustees in place to understand. Any new credit created by fractional reserve banking practices requires an accommodation party. Thusly the signature on the back of the private financial instrument commonly called a cheque.

The experience shared by lorne has been my experience. Can you imagine what would happen if agents for IRS came back with a "yes you are exactly right, you got us. We give up". A response like that would spread almost instantaneously around the globe. No it is better for the business plan to just fall silent.

When they tried to levy a 10k friv. filing penalty - two letters and two phone calls and all I get is crickets....

I suppose it is the nature of curiosity that we have a need to feel vindicated at the end of the day as if we are not yet sure unless someone else tells us we are right. But at once that is an immediate trap. For if I come seeking judgment from you, then I have placed my trust in you and by my submission to you for judgment, I am now subject to your rulings. Silence is wonderful.

Smile and waive boys - just smile and waive. When told recently by a local attorney that I should be very afraid, I responded "you're not very smart are you." He actually brought up their poster boy "Wesley Snipes". I asked did you study his case? He responded no. I said "he tried to tap the stock of a bankrupt company." Like I say, when fear is gone there is no control mechanism left - save a gun.

Thusly is the importance of education. For the greatest in the Kingdom is the servant.

Make it a great day!
MJ


P.S. It looks like Maureen thinks he/she/it can give you an offer. Can he/she/it? I mean you don't have to do a thing, just sit back and relax while we determine your fate. Is that right? Is that what you will do? Is there not a cause whereof one should refuse such offer? Is your claim/demand valid or not? Only you can tell. Many may show, but only you can know. For it is your claim and your's alone. And therefore, only you know if the claim/demand is valid.

TAKE - implies abandonment.