How To File A 1096 and 1099 and 1099oid To Pay Utility Bills

Get Them Bills Paid:
How to Process the 1099-OIDS and Get Back Your Funds Due to
You
Learn how all your funds are paid with you as the "creditor" and how to get YOUR
debtors i.e. Utility companies, lenders, etc. who are stealing your credits to Refund you
all the money back in a check with a simple administrative Process.
Ebook Author
How to Process the 1099-OIDS and Get Back Your Funds Due to You
INFORMATION FOR FILING

(REPORTING) THE NEW 2017
1099-OID FORM
The New 2017 - 1099-OID, Box 1, 4, will be filled out the same as the old form with the same information
but different order. On the new form for 2017 in Box 7 is where it says Description of Property, you will
fill it the same as the old form which is box 5 of the 2017 1099-OID.
In box 8 you would more than likely put the same thing in box 8 as in box 1 old form. Everything
pertaining to this particular OID in box 11 on the new form which is the TAX "exemption", you also can
add same FEE as in box 8. On the new form, you would put the same full amount which EXEMPTS the
man/woman as authorized representative from the Tax that is being usurped against you and send it back to
them who is the true borrowers of your credit!
Its also possible to fill out the Tax section (boxes 12, 13, and 14) if you knew the particulars of the items
and whether a tax was taken out on a State Tax so it too can be properly REPORTED on whatever benefit
you are exercising as a privilege.
Affidavit Letter to Support Your Documents-

Automobile/Homes/Student Loans-
Firstly, These "Bills" are already Paid in Full Which is why you get Statements and not True Bills in
Commerce. To support your documents write a Letter Affidavit-Automobile/Homes/Student Loans- "Bill/
Statement" that goes with the carbon copy of your 1099A and 1099OID.
The borrower's copy is the Utilities, etc. companies. You can edit this affidavit applicable to your liking and
send the borrowers’ copies 1099A/1099OID with it along with copies of your utility bills for a RETURN.
The package should basically have these things:

1. The Statement, Bill, Payoff Letter, Etc. that they send you
2. Affidavit Letter of Support
3. Pre-Filled Borrower’s Version of the 1099A/ 1099-OID Carbon Copy
Remember that the borrower (Debtor) is them. IT IS NOT YOU! Always remember you are the "Lender"
(Creditor). Many people get this step wrong and fill the form out incorrectly and get cited for fraud because
they use this form incorrectly where usually they list themselves as ‘Debtor’ and the utilities company or
financing company et cetera as the ‘Creditor’ which is the exact opposite.
*Please use all ORIGINAL IRS forms 1099A/1099OID`s for your process. DO NOT download these forms
online.
HOW TO FILE THE 1099's

1. Package to send to the IRS. Send the ORIGINAL IRS Form 1099A/ 1099-OID and IRS Form 1096
(Cover/Top Sheet) to the IRS with ONLY copies of the Billing Statement. DO NOT SEND THEM
ANYTHING ELSE!
Gather: ^1099-A ^1099-OID ^1096 Cover Sheet ^ Billing Statement
2. Package to send to the Utility etc. Company. The Borrower’s Version of the 1099-A/ 1099-OID IRS
Forms Carbon Copy will go to the Utility, etc. companies along with copies the Billing Statement that
you’re reporting, your Affidavit, and the Notice of Warning Letter.
Gather: ^Copies of Reported Bill Statements ^Affidavit Letter of Support ^Borrowers (Utility
Company) 1099-A, 1099-OID, 1096 Cover Sheet
^ Notice of Warning Letter
You can send the ORIGINAL IRS Forms of the 1099-A/ 1099-OID/ 1096 Cover Sheet package to any of
the IRS agencies listed for your State on the 1099 forms. Read the Forms instructions carefully for your
state because some have different agencies listed
So AGAIN, MAKE SURE YOU SEND THE IRS THE ORIGINAL FORMS CARBON COPIES WITH
YOUR BILLING STATEMENTS AND THAT’S IT! DO NOT SEND THEM ANYTHING ELSE!
Print this E-book out so you can highlight and take notes for better over-standing. Refer back to E-book as
often as necessary.
If you still need more clarification, then you have two options.
1. You can setup a 30- minute one- on-one session by donating or making another free- will offering of
fifty dollars ($50).
2. You can get up to eight (8) questions answered per email for a donation of fifteen dollars ($15).
Notes:
Understand helping everyone with literally hundreds of emails can keep me really busy and hectic at
times. I try my best to respond to all questions in a timely manner and orderly fashion in a first come,
first serve basis so a little patience is greatly appreciated.
All other addresses you see on the Affidavit, FTC, SEC can get copies
How to Fill Out the 1099-A / 1099-OID

Forms
Form 1099-A Instructions: Please read through instructions completely before beginning!!
**Before you begin, please keep in mind, there are three (3) forms on each sheet of the l099-A. This is
also true for the 1099-OID, but until just recently the Form 1099-OID now has 2 Forms to fill out but it
does not change anything.***
1. Starting with the first box labeled LENDER'S name etc.: Enter the STRAWMAN information
(NAME, ADDRESS, ETC) or the information as it is recorded on your bill. EX: JOHN E DOE.
2. LENDER'S federal ID #: enter your SSN in the EIN format. EX: SSN 123-45-6789 would be entered
as 12-34567893.
3. BORROWER'S ID #: Enter the Borrower (biller) EIN. This may be available on your Wages and
Income Statement received from the IRS. If unknown, leave blank.
4. BORROWER'S name: Enter the information of whomever was paid (Debtor/ Biller). If for a court
case, enter the Judge or Prosecutor's (see instructions for Box I below). The address will be headquarters
of the Debtor or the address of the court proceedings.
4. Account Number: Here you will enter the tracking / account number, or the account and routing
number if for a bank transaction. Enter the case number if for a court case.
Back to the top of the Form 1099-A:
Box 1 : Date of Lender's etc.- This will be the date of your last statement or bill received for the
filing year. * For a mortgage, car note, or other transaction with a promissory note attached, this will
be the date you signed for the note.
* For a. court case, this will be the date the case was filed using the opposing attorney as Debtor.
This will be the date judgment was issued and the name of the judge as Debtor for cases where
judgment has been passed.
* For debts listed on your credit report, enter the date you accessed your report.
Box 2: Balance of Principle Outstanding- This will be the TOTAL payments and/ or deposits
made to that account or vendor that year.
* For a promissory note/ mortgage: The value of the note/ mortgage.
* Please note: For promissory note/ mortgage transactions: The value of the note will be one claim
and The total payments subsequently made to that account will be a separate claim. filed on your
1099's.
* EX: John purchased a house for $120K in 2010. He then made $12K in payments that year. He
will fill out one form listing the bank as debtor for the value of the note. He will then fill out another
form using the same bank as debtor for the $12K in payments. The account number will be the same
for these two entries.
* For accounts with a balance due: Payments made to this account + the balance due = The total to
enter in Box 2 .
Box 4: Fair Market value of property- Enter the total from Box 2.
Box 5: Check Yes. .

Box 6: Description of Property* Enter the following based on the type of transaction: CREDIT
USED ON CIIECKING ACCT/ SAVINGS ACCT/ COURT JUDGEMENT, MORTGAGE NOTE,
CAR NOTE/ UTILITY BILL, RENTAL AGREEMENT, MISC. (Use these last two only if you
have an account or tracking number for these transactions).
* With regard to notes, please be sure to differentiate in your description that one claim is for the
note and one for the payments.
* EX: JOHN ENTERS CREDIT USED ON MORTGAGE NOTE for the note itself, then CREDIT
USED ON MORTGAGE ACCOUNT for the payments made.
Once completed, the information on these Forms 1099-A need to be entered onto a Form 1096. This
form will serve as the cover letter for your completed Forms 1099-A.
How to Fill Out the 1099-A / 1099-OID

[How to Fill Out Form 1096 for Form 1099-A]
FILER'S Name: This portion can remain blank. Only the contact person is needed.
Name or person to contact: This will be your natural person's information (the authorized
representative)oi if you have a corporation set up with correctly filed Form 56 or Form 2848, enter
the appropriate contact person (an appointed authorized representative). .
Box l: EIN- Leave blank.

Box 2: SSN- Enter SSN # with dashes. Ex: 123-45-6789.
Box 3: Total number of forms* Please note, each SHEET of the Form 1099-A has 3 FORMS, so this entry
will be the number of FORMS you actually filled out.
Box 4 and Box 5: Leave blank
Box 6: Enter an 'X' in only one box- Place an X (NOT a check mark!!) in the box labeled 1099-A.
Box 7: If this is your final return... Place an 'X’ in the box indicated as this will be your final return for
the year. This would be left unchecked if you were doing this process on a monthly or quarterly basis.
Sign the form as the Authorized Representative and date.
And you're done! Gather all your completed forms and, referring to the instructions on the Form 1096, mail
all the originals to the IRS.
NOTE:
It is HIGHLY suggested you make a scan and/ or copy all your sheets for your records before mailing even
though you have the carbon copies that are attached to each sheet.
This mailing will serve as notice to the IRS and precede your Forms 1099-OID and 1040 filing.
Now let’s move onto to Form 1099-OID

process!
How to Fill Out the 1099-OID
Now that you have completed the Form 1099-A process and given the IRS time to investigate your claims
(two weeks should be sufficient), you are ready to proceed with the Forms 1099-OID. This form is used to
request the funds recorded on the Forms 1099-A to be moved from the DEBTOR/ VENDOR (BILLERS)
account to your Treasury account, then issued back to you in the form of a refund.
You will need the copies of your Forms 1099-A to ensure your Forms 1099-OID are filled out correctly. For
this process, you will be transferring information from the Forms 1099-A to the Forms 1099-OID, with a
few adjustments.
Form I 099-OID Instructions:

1. Starting with the first box labeled ‘PAYER'S’ NAME etc.: Enter the ‘BORROWER'S’ information
(NAME, ADDRESS, ETC) as recorded on your Form 1099-A.
2. PAYER'S Federal ID) #; Leave blank unless known.
3. RECIPIENT'S ID #: Enter your SSN in standard form. EX: 123-45-6789
4. RECIPIENT'S NAME: Enter the LENDER information as recorded on Form 1099-A in proper English
(Upper and Lower case.) EX: John E. Doe. The same should be done with your address information.
5. ACCOUNT NUMBER. This will be the same account transaction information recorded on the Form
1099-A.
Back to the top of the Form 1099-OID:

Box 1: Original Issue Discount* This will be the amount entered in Box 2 and Box 4 of your Form 1099-A.
Box 2: Leave blank.
Box 3: Leave blank.
Box 4: Federal Income Tax Withheld-- Enter amount recorded in Box 1, unless the transaction is from an
account from which cash could be acquired, i.e. Checking or Savings accounts. In this case, subtract l0%
from the amount recorded in Box l.
Box 5: Description- Enter your STRAW NAME in all caps.
Box 6 and Box 7: Leave blank.
**Note:
Once completed, the information on these IRS Forms 1099-OID need to be entered onto an IRS Form 1096.
This form will serve as the cover letter for your Form 1099-OIDs once completed.
Form 1096 Instructions for Form 1099-OID:

The process to fill out the 1096 for the Forms 1099OID are the same as followed for the Forms 1099-A
with a couple of changes.
Follow 1096 instructions above up to Box 3 (Box 3 on this 1096 should be the same as Box 3 of the 1096
filled out for the Forms 1099-A).
Box 4: Federal income tax withheld- Total of all Box 4s on your Forms 1099-OID (if you notice, you will
see Box 4 on your OID is also titled "Federal Income Tax Withheld").
Box 5: Total amount reported with this Form 1096- Total of all Box 1s on your Forms 1099-OID.
Box 6: Enter an 'X’, in only one box*.- Place an "X" (NOT a check mark!!) in the box labeled 1099-OID.
Box 7: If this is your final return for the year, Place an "X” in the box indicated as this will be your final
return for the year. This would be left unchecked if you were doing this process on a monthly or quarterly
basis. Sign the form as the Authorized Representative then date it.
Let us proceed now to the Forms

1040 series that will complete this
process…
If you are issuing a claim for a year already filed, you will need to complete/ click the Form 1040X
instructions to do an amended return. For a year you have yet to file for, please complete/ click the
instructions for Form 1040.
How to Fill Out the Form 1040

Form 1040 Instructions Using Form 1099-OID:
Form 1040 can either be ordered from the IRS via their website or phone, acquired at your local library or
IRS office, or downloaded from their website. Past year Forms 1040 can be secured by doing a search for a
particular year on your favorite search engine.
As you complete this form, please keep in mind that you are
filing as a CREDITOR and not as DEBTOR. You will take/
claim no exemptions or credits!
Label: Fill out as you would for a standard filing using ALL CAPS for your entries. . Filing Status: For the
sake of ease and simplicity, please check Box 1 for Single. Exemptions: You will take no exemptions.
Exemptions are for debtors, not creditors. This process is for CREDITORS ONLY. Skip this section. This
is where people mess up at with fraud charges mixing the processes up.
Income:
* Line 7: Enter information from your W-2, wages, salaries, tips, etc.
* Line 21: On the blank line, enter 'SEE 1099-OID.' In the box on the same line, enter the total from Box 4
of the Form 1096 completed for your Forms 1099-OID (Federal income tax withheld).
Line 22: Enter the total from box on Line 21
Adjusted Gross Income: Skip to line 37.
* Line 37: Enter the total from box on Line 21.
Taxes and Credits: Skip this section

* Line 38: Enter the total from Line 37 per the instructions.
* Line 40: Enter 0.
* Line 41: Enter total from Line 38.
* Line 43, 44, 46, 55, and 56: Enter 0.
Other Taxes: Skip to Line 6l
* Line 6l: Enter 0.
Payments:
* Line 62 and 71: Enter total from Line 38.
Refund:
* Line 72 and 73a: Enter total from Line 38.
The remaining entries ask where you wish to have your refund sent and other information. It is HIGHLY
suggested you have your funds direct deposited into a business account.
Please follow the instructions to complete the Form 1040. Sign the bottom of your Return as the
Authorized Representative and you are done!
See the Form 1040 instructions for your proper filing location.
..Insert Schedule B instructions here...
When preparing your refund, be considerate to the agent who will be examining your documents and stack
them in numerical order (1040, 1096, then 1099-OID).
Nothing should be stapled. Be sure to make a copy of your documents for your records, sending all
originals to the IRS.

How To File A 1096 and 1099 and 1099oid To Pay Utility Bills

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How To File A 1096 and 1099 and 1099oid To Pay Utility Bills

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Get Them Bills Paid:

INFORMATION FOR FILING

Affidavit Letter to Support Your Documents-

The package should basically have these things:

3. Pre-Filled Borrower’s Version of the 1099A/ 1099-OID Carbon Copy

HOW TO FILE THE 1099's

Gather: ^1099-A ^1099-OID ^1096 Cover Sheet ^ Billing Statement

How to Fill Out the 1099-A / 1099-OID

Back to the top of the Form 1099-A:

Box 5: Check Yes. .

How to Fill Out the 1099-A / 1099-OID

Box l: EIN- Leave blank.

Now let’s move onto to Form 1099-OID

Form I 099-OID Instructions:

Back to the top of the Form 1099-OID:

Form 1096 Instructions for Form 1099-OID:

Let us proceed now to the Forms

How to Fill Out the Form 1040

Taxes and Credits: Skip this section

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