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1099
Has anyone here had any success with submitting 1099 forms?
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9 Replies
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What is a 1099 form?
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The 1099 forms are forms where you apply to the IRS to have certain debts paid. The 1099a is where you file to have a single debt paid from your prepaid Cesti Trust account. The 1099OID is a form where you apply to have you expenses from bank accounts reimbursed from your prepaid account.
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Interesting. I haven’t seen anything like that on here. There is a Q and A session this Wednesday at 7pm Australian time on Zoom where you can ask Mark any question, so that would probably be the best way to get an answer to your question from the man himself, who has had extensive experience in many areas. You can rsvp here; http://solutionsempowerment.org/event/qa-september-14/
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Ok great thanks, I will hopefully ask him then. In the meantime, perhaps look it up yourself on rumble. So far I have only seen people in USA or UK talk about doing this, but according to them it is available to anyone in any country that operates under the UCC of which Australia is one. It is another way to access our Cesti trust to pay for our debts and living expenses. To obtain financial freedom can free us up to not only a more abundant life, but also enable us to be more free to be of service to our fellow man. Have fun down that rabbit hole 😆💜 This really is the Great Awakening 😉
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Hi. I only just saw this thread. I submitted a 1099A online in November for a NAB credit card with a balance of $26,000, but didn’t notify them as I thought the duplicate went to NAB directly. I returned the next 3 statements RTS/No contract, etc and they stopped sending statements and charging extra interest or fees, but the balance remained when I checked online. I sent a registered letter to NAB CEO on the 14th February with a photocopy of my live birth source document. When I checked the online account on Monday morning 20th February, the card was wiped entirely! ‘No Cards’, with a message, ‘Would you like to apply ?’ $26,000 debt wiped, no email, no letter. I’m not sure whether it was the 1099A or the source doc. I should have sent a 1096 Form with it for them to complete apparently, and a 1099OID, but that’s a result. Hopefully the matter is finalised.
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This is fantastic news! Thank you for sharing 😊
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With a little more research, there may be another form or two that should accompany it to do the process properly in the first place, especially 1099C to cancel the debt and 1099OID – original issue document to reclaim payments. There’s more to the process, and some have encountered vexatious claims too if it’s not completed correctly.
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I just saw your message re your wiped credit card debt. That is fantastic…..go you! Can you please provide a bit more detail on your process? What website did you submit the 1099 forms? And what other documents you think I should send as well please? Much love………
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Hi. There is not a lot of information about many success stories in Australia, but it’s probably more about holding our position. I have sent for a recent Credit Score report in case the NAB card is reflecting on the report as this is a side effect we don’t consider if we are not seeking credit. As credit cards are unsecured loans, if you can deal with or refuse to do business over the phone, return to sender letters from debt collectors, etc and be prepared for push back, after 12 months, they cannot pursue the debt, but it may show up as a bad score on a credit report. I haven’t sought a loan so I haven’t been impacted as yet. I’ll wait for the report and get back to you. I lodged the first 1099A online at https://www.1099online.com/
I have since ordered 100 paper forms straight from the IRS (at no cost!) so I had triplicate hard copies for 1099A – abandonment of property,1099B for the debtor business (eg: NAB) to complete declaring their profit from a transaction for their tax return (1040), 1099C for debtor to cancel any ‘debt’ over $600USD, 1099OID (original issue discount) and 1096. Christopher Hauser on You Tube has some good advice. There is so much to learn and it’s easy to get wrong. The ATO is an agency of the IRS so we all come under their domain, but the Aussie companies are loathe to admit it. Corporations neglect to declare the income they receive from every ‘bill’ we ‘pay’ because they use them as instruments and claim the credit total of every number on every bill, from our trust account and neglect to declare this income to the IRS. They can had up on fraud charges because they claim every customer as an employee by submitting a tax declaration form using our tax file numbers or social security number in the USA.
Some people use the 1099 forms as a form of insurance that they carry in their automobiles in case they are in an accident, but you would need to be very confident in dealing with the police.
I haven’t paid a Telstra ‘bill’ since September 2022 and recently sent a series of 1099A/B/C/OID forms to Telstra CEO offering $20,000 to discharge any ‘debt’. An underling kindly wrote to say they didn’t accept this type of payment to which I thanked ‘her’ for acknowledging it was a form of payment and a payment refused is a debt discharged, is it not? Telstra haven’t played nicely though. We have had loss of service (appropriately invoiced every month), a barrage of phone calls and scams but very little push back recently. I haven’t received a tax invoice or ‘bill’ for months either, but lost our old landline and linked bigpond.com email.
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