DISCLAIMER

You are responsible for reading the IRS instructions to understand what
you are doing before you act. By continuing, you agree to hold harmless
KRISTINA WILSON PRIVATE BANK E & T, it’s officers, directors,
employees, and agents from any claims, damages, losses or liabilities that
may arise from this agreement.
Contents
Preface .............................................................................................................. 3
IRS FORM 56 INSTRUCTIONS ..................................................................... 4
What is a Fiduciary? ......................................................................................... 7
IRS FORM 56 NOTICE CONCERNING FIDUCIARY RELATIONSHIP
ESTATE ......................................................................................................... 8
IRS FORM 1096 ESTATE ............................................................................ 11
WHERE TO SEND 1096 AND 1099-OID ESTATE ...................................... 12
IRS FORM 1099-OID FOR ESTATES AND TRUSTS ................................... 14
IRS FORM 1041(For Estates and Trusts) ................................................. 15
IRS FORM 1041-V ....................................................................................... 18
Setting Up Your Estate/Private Bank & Foreign Grantor Trust ................... 19
IRS FORM 56 (INDIVIDUALS WITHOUT AN ESTATE) .............................. 20
IRS FORM 1099-OID (INDIVIDUALS WITHOUT AN ESTATE) .................. 23
IRS FORM 1096 (INDIVIDUALS WITHOUT AN ESTATE) .......................... 24
IRS FORM 1096 (INDIVIDUALS WITHOUT AN ESTATE) .......................... 25
IRS FORM 1040 (INDIVIDUALS WITHOUT AN ESTATE) .......................... 27
IRS FORM 1040-V (INDIVIDUALS WITHOUT AN ESTATE) ...................... 29
WHERE TO SEND IRS FORM 1040-V ......................................................... 30
Understanding The 1099-Oid ........................................................................ 31
How to Order Tax Forms From the IRS ........................................................ 32
How To Correct 1099-Oid .............................................................................. 33
How to Amend IRS Form 1040 ..................................................................... 34
Frequently Asked Questions ......................................................................... 36
Testimonials ................................................................................................... 38
My Personal Success Story Using my Estate EIN ....................................... 39
Preface
“Borrow from Yourself” is a practical guide that explains how you can use IRS
procedures to borrow money from your own resources without incurring debt or
interest. Here’s what the manual covers:
1. Step-by-Step Examples and Explanations:
• The manual provides clear instructions, backed by examples, on
how to navigate the IRS rules.
• You’ll learn how to access funds from your own estate without
taking on additional financial burdens.
2. IRS Forms Included:
• The manual features examples related to specific IRS forms:
▪ IRS Form 56: This form deals with notice concerning
fiduciary relationship.
▪ IRS Form 1099-OID: This form relates to original issue
discount.
▪ IRS Form 1096: This form is used for annual summary and
transmittal of U.S. information returns.
▪ IRS Form 1041: This form is used to initiate tax returns for
Estates and Trusts.
▪ IRS Form 1041-V: is a payment voucher used for trust and
estate tax returns. It is typically filled out by the fiduciary of
the estate or trust.
▪ IRS Form 1040: This form is used to initiate tax returns for
individuals.
▪ IRS Form 1040-V:
By understanding these forms, you’ll be better equipped to borrow
from your own resources.
3. Success Stories:
• The manual shares testimonials from clients who have
successfully borrowed from their estate using these strategies.
• Real examples demonstrate how others have achieved financial
flexibility.
4. Bonus Content:
• In addition to the core material, the manual includes a bonus
section:
▪ Borrow From Yourself YouTube Video

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IRS FORM 56 INSTRUCTIONS

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6
What is a Fiduciary?
A fiduciary is like a financial guardian. Here’s what they do:
1. Protecting Interests:
o A fiduciary act on behalf of someone else (like a trustee for a trust
or an executor for an estate).
o Their primary duty is to protect the interests of the person they
represent.
2. Managing Money and Assets:
o Fiduciaries handle money, investments, or assets.
o They make decisions based on what’s best for the person they’re
responsible for.
3. No Self-Interest:
o Unlike regular financial advisors, fiduciaries can’t put their own
interests first.
o Their loyalty lies with the person they serve.
4. Transparency and Accountability:
o Fiduciaries keep detailed records of all transactions.
o They’re accountable for their actions and must act prudently.
In simple terms, a fiduciary is like a financial superhero, always looking out for
someone else’s financial well-being!

Note:
In the upcoming example, we’ll walk through how to complete IRS Form 56 step
by step, following the provided IRS instructions. I encourage you to read along
carefully. If you encounter a word you’re unfamiliar with, take a moment to
pause. Grab a dictionary and look up the definition before continuing.
Remember, a single word can have multiple meanings, so choose the one that
makes sense in the context of finances or banking. Try using the word in a
sentence to reinforce your understanding.

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IRS FORM 56 NOTICE CONCERNING FIDUCIARY RELATIONSHIP ESTATE

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WARNING! DO NOT DOWNLOAD IRS FORMS 1096, OR 1099(S). YOU WILL BE
PENALIZED. RED FORMS MUST BE ORDERED DIRECTLY FROM THE IRS.

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IRS FORM 1096 ESTATE

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WHERE TO SEND 1096 AND 1099-OID ESTATE

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WARNING! DO NOT DOWNLOAD IRS FORMS 1096, OR 1099(S). YOU WILL BE
PENALIZED. RED FORMS MUST BE ORDERED DIRECTLY FROM THE IRS.

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IRS FORM 1099-OID FOR ESTATES AND TRUSTS

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 IRS FORM 1041(For Estates and Trusts)

Note: Be sure to sign and date the form. Read the form in its entirety!

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IRS FORM 1041-V

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Setting Up Your Estate/Private Bank &
Foreign Grantor Trust
If you do not have your Estate EIN, please visit Gumroad and consider
downloading a copy of “Setting Up Your Estate/Private Bank and Foreign
Grantor Trust here:
https://kwestate.gumroad.com/

You can borrow from yourself even if you do not have an Estate/ Private
Bank or Foreign Grantor Trust.

Individuals without an Estate/Private Bank or Foreign Grantor Trust will

use IRS Form 56, 1040, 1040-V, 1099-OID and 1096. Below is an example
of how to fill out the forms:

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IRS FORM 56 (INDIVIDUALS WITHOUT AN ESTATE)

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WARNING! DO NOT DOWNLOAD IRS FORMS 1096, OR 1099(S). YOU WILL BE
PENALIZED. RED FORMS MUST BE ORDERED DIRECTLY FROM THE IRS.

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IRS FORM 1099-OID (INDIVIDUALS WITHOUT AN ESTATE)

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IRS FORM 1096 (INDIVIDUALS WITHOUT AN ESTATE)

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IRS FORM 1096 (INDIVIDUALS WITHOUT AN ESTATE)

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IRS FORM 1040 (INDIVIDUALS WITHOUT AN ESTATE)

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IRS FORM 1040-V (INDIVIDUALS WITHOUT AN ESTATE)

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WHERE TO SEND IRS FORM 1040-V

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Understanding The 1099-Oid
When an investor receives a Form 1099-OID (Original Issue Discount) related to
certain bonds, it represents interest income. However, there’s an interesting
twist: you can indeed turn IRS form 1099-OID into a check by endorsing it to the
United States Treasury.
Here’s how it works:
1. Understanding the Scenario:
o Let’s say you have a bond with OID (meaning it was issued at a
discount).
o You receive Form 1099-OID, which reports the interest income from
that bond.
2. Endorsing the Form 1099-OID:
o In the description box of the 1099-OID you enter a restrictive
endorsement, “Pay to the United States Treasury”.
o Essentially, you’re directing the interest income to the U.S.
government (YOU).
3. Mailing the Form:
o You mail the endorsed Form 1099-OID to the appropriate address
(usually specified on the form or IRS instructions).
o The Treasury processes it as a payment toward your tax liability.
4. Result:
o The amount reported on the Form 1099-OID is treated as if you paid
it directly to the IRS.
o It reduces your tax liability or increases your refund.
Remember, this creative approach allows you to use the interest income from
the bond to directly contribute to the U.S. Treasury. It’s like saying, “Here’s my
interest; put it towards the greater good!

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How to Order Tax Forms From the IRS
1. Online Ordering:
o Visit the Forms and Publications by U.S. Mail page on the IRS
website.
o Click on the “Order Tax Forms” button.
o Enter the product number or a keyword related to the form you
need in the search box.
o The search results will display a list of products matching your
criteria.
o You can order up to 20 copies of forms (one copy of the
corresponding instructions is automatically included) and up to five
copies each of instructions and publications.
o Your order should arrive within 15 business days if the products are
available.
2. Phone Ordering:
o Call the IRS at 1-800-TAX-FORM (1-800-829-3676).
o The phone lines are open from 7 am to 7 pm, Monday through
Friday, local time.
3. Additional Information:
o If you are an employer or business and need to order information
returns (such as W-2, W-3, 1099, etc.), visit Online Ordering for
Information Returns and Employer Returns to submit your order.
o For other forms, instructions, and publications, you can download
them from the IRS Forms & Publications page or call 1-800-829-
3676 to place your order.
Remember to choose the method that works best for you, and the IRS will
ensure you receive the necessary forms and instructions for your tax needs!

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How To Correct 1099-Oid
1. Identify Incorrect Return Submitted:
o Determine which Form 1099-OID you need to correct. Identify the
specific error or inaccuracies in the previously filed form.
2. Prepare a New Information Return:
o Create a new Form 1099-OID with the corrected information.
o Enter an “X” in the “CORRECTED” box at the top of the form (you
can also include the date if desired).
3. Enter Corrected Information:
o Fill out the payer, recipient, and account number
information exactly as it appeared on the original incorrect return.
o If you are correcting money amounts, enter “0” (zero) to indicate
that you are correcting the previously reported figures.
4. File the Corrected Form:
o Print the corrected Form 1099-OID (Copy A) and mail it to the IRS.
o If you need further assistance preparing the corrected paper copy,
call the IRS at (800) 829-3676.
Remember to follow these steps carefully to ensure accurate reporting. If you
have any specific questions or need additional guidance, feel free to contact the
IRS directly.

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How to Amend IRS Form 1040
1. Get the Original Tax Return:
o Obtain a copy of the original tax return that you want to amend.
You’ll need this to transfer the original numbers onto Form 1040-X.
2. Download Form 1040-X:
o Visit the IRS website to download the latest version of Form 1040-
X.
o Make sure you use the correct revision of the form based on the tax
year you’re amending.
3. Complete the Form:
o Fill out the top section of Form 1040-X with your personal
information (name, address, Social Security Number, etc.).
o Indicate the tax year you’re amending.
o Explain the reason for the amendment in Part III.
4. Transfer Original Numbers:
o In Part I, copy the original amounts from your original tax return
(the ones you want to change).
o Use the corresponding lines from your original Form 1040.
5. Calculate the Changes:
o In Part II, calculate the changes you’re making. Subtract the original
amounts from the corrected amounts.
o Enter the differences in the appropriate columns.
6. Explain the Changes:
o In Part III, provide a brief explanation of why you’re amending your
return.
o Be clear and concise.
7. Sign and Date:
o Sign and date the form at the bottom.

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 o If you’re filing jointly, both spouses must sign.
8. Attach Supporting Documents:
o If you’re changing income or deductions, attach any necessary
schedules or forms.
o Keep copies of all supporting documents for your records.
9. File the Form:
o Mail the completed Form 1040-X to the appropriate IRS address
(specified in the instructions).
o Keep in mind that amending your return may take some time for
processing.
Remember, it’s essential to be accurate and thorough when completing Form
1040-X. If you have specific questions or need further assistance, consider
contacting the IRS directly.
For the most up-to-date instructions, visit the IRS Form 1040-X page

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Frequently Asked Questions
Q. Where do I send IRS Form 56, 1096, 1099-OID, 1041, and 1041-V?
A. Send ALL forms to the IRS location listed on Form 1041-V.

Q. Where do I send IRS Form 56, 1096, 1099-OID, 1040, and 1040-V?
A. Send ALL forms to the IRS location listed on Form 1040-V.

Q. How long does it take the IRS to process my return?

A. The IRS typically processes tax returns within 21 days. However, several factors can
affect the processing time:
• For electronic returns (e-filing), the entire process, from acceptance to refund
approval, generally takes less than 21 days.
• For paper returns, expect notification in about four weeks after mailing your
return. The IRS processes paper returns received during specific months.
• Use the Where’s My Refund? tool on the IRS website to track your refund status:
o Check 24 hours after e-filing a 2023 return.
o Check 3 or 4 days after mailing a return.
• The tool displays progress through three stages: (1) Return Received, (2) Refund
Approved, and (3) Refund Sent.
• Opt for direct deposit to receive your refund faster. Provide your account and
routing numbers to ensure a smooth process.

Q. Am I required to fill out IRS Form 8281?

A. If you’re using a Form 1099-OID as a check, you generally do not need to fill out IRS
Form 8281. Here’s why:
• Form 1099-OID is primarily used for reporting original issue discount (OID)
income related to certain bonds and debt instruments.
• However, if you’re endorsing the 1099-OID as a payment (e.g., writing “Pay to the
United States Treasury”), it acts like a check.
• You can send it along with your payment voucher (such as Form 1040-V or Form
1041-V) to the IRS.
• Form 8281 is specifically for issuers of publicly offered debt instruments with
OID to provide information required by section 1275.
• Since you’re using the 1099-OID as a payment, you’re not an issuer in this
context, so Form 8281 doesn’t apply to your situation.

Q. What does CP575 mean?

A. CP575 is the official letter you received from the IRS when you established your
Estate EIN. On the top left-hand side of the letter, you’ll find the date when the entity
was created.

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Q. I think I filled out something incorrectly, what can I do?
A. You can fill out a corrected 1099-OID or 1040-X. 1041 returns can also be amended
by checking “amended” at the top of IRS Form 1041.
For 1099-OID check “corrected” at the top of the 1099-OID and enter the correct
information.

Q. It’s been a few weeks and I have not heard anything from the IRS, what should I do?
A. You can call the IRS at 1-800-829-1040 for inquiries related to individual tax returns
(Form 1040). They are available from 7 AM to 7 PM, Monday through Friday, in your
local time zone. If you need to inquire about a Form 1041 (estate or trust tax return),
you can also use the same number. Remember to have your relevant information ready
when you call!

Q. How should I mail my packet to the IRS?

A. You may consider sending your packet express mail to arrive as quickly as possible
with tracking.

Q. How much can I borrow?

A. That is up to you to decide. I don’t recommend a frivolous amount, be reasonable.

Q. Can I fill out the forms by hand?

A. Yes, you may fill out the forms by hand. Red forms CANNOT be downloaded, they
must be ordered from the IRS.

Q. I received a frivolous filing, what should I do?

A. Addressing Mistakes on Your Tax Filing: While the concept of a “frivolous filing”
doesn’t apply here, it’s essential to recognize that errors can occur. Think of frivolous
filing as the IRS raising an eyebrow and saying, “Are you joking?”
Here’s what to do if you’ve made an error:
• Contact the IRS:
o Reach out to the Internal Revenue Service (IRS) to inquire about the
mistake. You can call their helpline or visit their website for assistance.
• Correcting a 1099-OID Error:
o If the error relates to a Form 1099-OID, follow these steps:
▪ Obtain a new IRS Form 1099-OID.
▪ Check the “Corrected” box at the top of the form.
▪ Enter the corrected information accurately.

Remember, while seeking advice is helpful, you’re not obligated to follow it.

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Testimonials
As always, I want to provide you all with confidence that there is success if executed
properly. Communication is key. Don’t be afraid to call the IRS and ask questions. It’s
important to know that a living person does not handle the IRS forms, the forms are
handled by machines!

Someone received an Estate refund for $423,654. To avoid delays,

consider using direct deposit for Estate tax returns.

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My Personal Success Story Using my
Estate EIN
Using my Estate EIN and the IRS, I was able to recover $35k.
Originally, I believed I recovered abandoned funds. After
speaking with an IRS agent, I discovered I was borrowing from
myself!

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 Contact US
Email: KwEstate@proton.me
Mailing Address: 3100 South WS Young Dr #10653
Killeen, TX 76547
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