Thanks to all whom contributed so far, I've read some and ask for clarification on how to properly do this and friday is a hop skip and a jump away :P

From my understanding I would first need to close down my current account and reopen with the demand for legal tender on the signature card. Followed by the demand on the check where my usual endorsement would have gone.

I also assume that if I follow through with this for a year that and take care to do proper filing and copying of expenses/paychecks that I could then prove to the IRS that they cant tax me.

Im curious about how the rest of the year would play out till tax season assuming I start this friday. How would april go down as suddenly I've opted out of the elastic currency in the middle of the year? Would I still file that 1040 ez? Please, just looking for that clarification. Again thanks to all whom contributed, I sincerely appreciate it


P.S- is it a good idea to file that RoL? and for what end?