1099-A Form and 1099-C Tax Preparer Course

In this TaxSlayer Pro training video, we will discuss 1099-A Acquistion or Abandonment of Secured Property of 1099-C Cancellation of Debt. We will help you distinguish the differences between Forms 1099-A and 1099-C, determine if there is taxable income to report for your clients, how to complete Form 982, Reduction of Tax Attributes Due to Discharge of Indebtness, and how to enter some examples into the TaxSlayer Pro Desktop software.
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[@rickprince3765]

The bank is the borrower. They borrow our credit . We are the creditor.

[@MrShadowsEvil]

Have you used the "a" to acquire a car or house? 🤔

[@Lisa_M_V]

Yes!

[@Lisa_M_V]

@@MrShadowsEvilyou need to claim back your strawman then you’ll have unlimited access to money

[@donttrip-wt6kj]

@@Lisa_M_V how is that done

[@MrBlacxkcobra]

Professor Christopher Hauser is very knowledgeable guy we all can learn from him

[@gt4real377]

Your never on the hook for any amount owed ; And Taxes are not law and interest Is made up . When USA became a corporation you became a consumer meaning there are protections for you .

[@leeia5839]

If so, how do we show them we know this.

[@decoy2636]

@@leeia5839 Expressing the trust check out Christhoper Hauser channel for details. Peace be blessed.

[@decoy2636]

When you seem to knowing yourself and by changes in direction

[@tucups1809]

Wrong, PPL PLEASE READ the tax codes and don’t go off these fake gurus. Any monies you pay out are expenses and any monies paid to you are seen as income. EVERYTHING isa business. You need to keep books on everything. Commerce is any transaction with anyone not just dealing in money.

[@decoy2636]

@@tucups1809 Title 26 of the U.S.C. is not positive law. Rebuttal is required with your facts.

[@w8what575]

I wish there was a clear laymen’s termed guide to what this all means…I lost my primary home in 2008 crash because some sob somewhere decided it was worthless and the bank foreclosed on it leaving me no options to save my home…what I’ve learned in the past 10 years makes me angry! Angry that I was robbed of my home and it is now sitting empty and deteriorating! And everyone saying “do ur own research” makes me want to kick some teeth in! What do u think I’m doing!? These politicians and bankers need to be hung for this fraud they commit and we allow!

[@brainiakuniversity]

First of all there is no one to blame but the person in the mirror. While what happened to you was unfortunate my suggestion would be to own it all. Own that it was your ignorance that harmed you (not a person doing a job). Embrace that your ignorance is the enemy. The enemy is not a complex tax code, the enemy is not the complex language on a KZbin video. The enemy is ignorance, because ignorance drives poverty, ignorance creates the servitude class. There is unlimited information about every topic imaginable. With due diligence you can get your old house bac that is vacant for little to no money, a hard money loan to get it fixed. Unfortunately complaining gets you nothing. Keep your head up, stay positive. Negative energy attracts negative energy. Keep seeking the truth. It will set you free. God bless

[@JEvrist]

Go on Christopher Hauser KZbin at least he will give you the tools and education instead of another one blaming you for being raped and pillaged. I hate it when some blame the victim and use shame tactics and offer no help.

[@JEvrist]

So if the house is abandoned and owned by the bank why can’t you adverse claim it?

[@AZStarYT]

@W8_What? Unfortunately you must learn what the LEGAL definitions of words are, NOT the Webster's (b/c attorneys have changed or corrupted the def's, or just define words to be ANYTHING they want). Yes, we're ignorant, but that's by design on .gov's part. So Ronnie's a troll, b/c he's not helping, just blaming you for the fraud and deception of others. Terms to search, if you haven't already: straw man, 'person' vs 'man', secured party creditor. That'll get you started. Do as Jessica suggests - go to Chris Hauser's channel and watch the Nov 30th post - just to give you hope. But learn MORE about this BEFORE using it, and many other topics by looking up anna von reitz. (search on her site for '1099') She's posted over 3500 articles over the last 8 years that I wish I had when I started studying this over _30_ YEARS ago. She was apparently in international banking (and according to some, the CFR), so when she discusses this stuff, she KNOWS what she's talking about. Reminds me of Catherine Austin Fitts, who is blowing the whistle on a LOT of international banking crime, and showing some of what we can do about it. ALSO watch/listen to any video/interview by/about Karl Lentz. He has a lot of Talkshoe phone interviews here and elsewhere. Look up his website theloresociety (dot) com Can't directly link here - guess why. You'll have to learn about 100 definitions of new words, or ones you THOUGHT you knew before you'll get comfortable enough to speak and listen to 'attorney' and know when someone's trying to screw you over with a contract. The same words on the street can mean something totally different in a contract - ESPECIALLY when it's .gov. Also, the key thing to learn is that you are NOT a 'person'. Legislators know most people don't read law books, and won't even look up a word in a LAW dictionary to see what a word really means, so they'll TRICK you into thinking that you're a 'person', but you are NOT one if the word 'man' or 'woman' doesn't appear in the Statutory or code definition of 'person'. And beware - Statues, codes, regulations, Rules, ordinances, public laws, etc. are NOT the same things. And 'laws' are VERY specific, unless crafted by idiots who don't know these things. Then they're soon challenged in court for vagueness and have to be re-written. But first, just as an exercise, PROVE it to yourself that you're not a 'person': Do a word search in your state's statutes. Look for 'man' and 'woman'. With several exceptions, MOST states do NOT include either of those words in their definition of the LEGAL term 'person' (and they don't define 'individual' either, so you're also not one of them). That's because ALL 'governments' at ALL levels are now incorporated, and they cannot regulate the affairs of men and women, but ONLY the things the government corporation creates. That's other fictitious entities, like corporations, partnerships, associations, trusts, estates and the like. They CAN'T create a man or woman (only God can) so they cannot regulate them. We ARE subject to the common law, which is based in the Ten commandments, and everybody is expected to know and adhere to that. For the states that DO include the word 'man' or 'woman' in their definition of the word 'person', you have to READ where that applies, and often it will be restricted to a particular title, subtitle, chapter, subchapter or even for just one code or statute, and otherwise it's not applied to the rest of the codes. Oh, and when you get to reading anna's site, you'll see that you were probably never a 'citizen OF the United States', either. So you've been pledging allegiance since you were a kid to some corporation you were never a member of and never owed any 'taxes' to since you were never a 'taxpayer', either (unless you worked directly for them in some job). So there's a lot more help than 'Ronnie' gave you, who couldn't be bothered to at least teach you to fish.

[@norina6767]

@@AZStarYT even though this message was not meant for me, there was a reason it followed the Chris Hauser video I just watched. Ive had heard of Anna and will def look at that and other info you had mentioned. Is there any way that you were I can look to get out of paying back school taxes or if not preventing them from selling my house in a sheriffs sale for 3,800. Not in a great place trying to find my way up and out. Thanks for info. Keep sharing brother.

[@jessicaannherrera1585]

If anybody is watching this Then you know your not broke All you need is 1099A, AND 1099C

[@jenniferhouse1939]

have you ever used these

[@mrcarter1721]

How to use

[@Lisa_M_V]

⁠@@mrcarter1721lots of videos and if you don’t take what’s yours the loan companies will

[@STRAWMANburner]

15:06 Debt Cancellation

[@ayedhatyaygo983]

All of this is so accurate. I’ve done this with my W2’s from last year. Fat return. Haha

[@traviszahir2699]

You probably dont give a damn but does someone know a method to log back into an Instagram account? I stupidly lost my login password. I would love any tricks you can give me

[@JEvrist]

@@traviszahir2699 that’s random dude! This is KZbin not Instagram. Try lost password option and make a new one?

[@goddesssahrai8756]

Wow really?

[@effff327]

@@traviszahir2699 lmfao yes just e-mail them. They will ask you to send a picture with a number or something of yourself to verify and then you will get a new password in order to log in then you can reset it. I’ve done this a lot

[@JEvrist]

Awesome!!

[@brandonnguyen1486]

Where's the videos on how to purchase a car or house with a 1099A

[@Lisa_M_V]

You get the mortgage then discharge the debt. The mortgage is paid off the second you sign the legal document - but the bank pretends it’s lending you money and they charge you interest. Complete scam

[@shannencanzanella3687]

🤣🤣🤣 I love you Chris... You have an early Merry Christmas as well.

[@truthministries77]

I don't think we should be checking that recourse loan. I would think the lender would be responsible for fulfilling payment of debt when the lender is the Treasury and the credits are coming from your Cesti Que Trust aka the social security number

[@raykarenmeuchel5086]

Great question. Any one with an I Q as big as his shoe size knows it's the signature that releases the funds.

[@YahwayorNoway]

Voluntary means voluntary

[@YoshiXO]

All debts are paid by the governments

[@stunnaloxc]

Can I email you to get the proper process of doing the 1099a? Too much conflicting information on the web

[@soulmedicine]

Why does nobody talk about the aquasition part of the 1900A? Aquastition means to aquire property .

[@rockinrobin12]

How do you tear the red copy of the 1099a when it says do not cut or separate forms on this page? Do you send all 3 sheets of the red

[@georgekofinas5863]

best narrator in you tube

[@jessel5370]

32k views 47 comments... The best garbage

[@RajSingh-xo3sp]

Thanks for such a nice video. I have received 1099-C for exercising Deed In Lieu option for a rental property. Is filling the 982 form is mandatory with reporting 1099-C or I can just report the figures on 1099-C. I don't think by reporting the forgiven debt on 1099-C will increase my taxes by much. Thanks.

[@alanthomas6438]

FORM 982 EXCLUDES DEBT FORGIVENESS AS INCOME

[@lacaragilmore4599]

I do know you have to report this as income and file it on that year taxes

[@LucyGoguen]

I'm looking for something similar for Canadians. Can you point me in the right direction?

[@hone148]

What about 1099B an 1099 OID??

[@Rhondior]

Facts if u do the B u don’t need to do a C from my experience the b discharged and terminated the debt but idk

[@gt4real377]

It's your job to keep tricking us ... but we are consumers according to 15usc codes . I noticed you don't reference congress .

[@moor-pie-rite9180]

He doesn't say acquisition either... Isn't it acquisition & abandonment ???

[@myronhorton3797]

Some people pay for internet and don't even know how to use it.... I said it

[@Lisa_M_V]

People people people UNDERSTAND YOU ARE THE CREDITOR! Worth hundreds of millions since 1930s all with a birth certificate have a bond. ‘You’re worth your weight in gold’ as saying goes. Then you are traded on stock market. Claim your STRAWMAN

[@brendagriffin579]

Does one of these forms apply to a car loan as well?

[@ayedhatyaygo983]

Yes

[@brendagriffin579]

Can we talk off here, I signed wit my mother for another car cause her truck had costly issues, and, I know there's a way to get her truck back to place claim so it won't be considered abandoned, please message me back?

[@truthdecay3438]

@@brendagriffin579 ok :) what about a car you had in the mid 1990's?

[@DeltahairlinesMobileBarb-lx5hu]

man go sit cha ass downsomwhere

[@JEvrist]

Did you mean you wanted the cfo of the bank to 1099c cancel the debt? Or did you mean you took your 1099A from last year into the dealership to buy your mom a new car from the fiduciary at the car dealership?

[@joeparker384]

Do you guys offer personalized services or just the software?

[@user-xd9gv8zp7w]

Very useful and please advise how to obtain EIN Number thanks

[@imaniharveyel4398]

IRS

[@informationdesk784]

Did you ever get help on this? Message me or give us a call.

[@Mrjanthony555]

tell us what it means where ( in the tax code )it states taxes are voluntary? explain that please. Why we paying if taxes are voluntary?

[@nathansable3431]

I submitted mine Monday. its accepted forms being sent by UPS my moms has been accepted and sent over to the treasurey in 4 days time, my uncle is acting fiduciary trustee because he is a real estate broker and has an EIN she will be getting funds to her account and distribute to us. The process is flying to be honest. You just need an experience person to put you through.

[@whosurbunny]

What's was the definition of Insolvency? I don't think it was mentioned..

[@tiffanyrae2795]

Insolvency An incapacity to pay debts upon the date when they become due in the ordinary course of business; the condition of an individual whose property and assets are inadequate to discharge the person's debts.

[@oneshowoneservant]

🔥good word flow, i like your show🔥👍

[@jessel5370]

This isn't a show this is garbage. Lies in the first 2 min so everything else should be disregarded immediately or abandoned like they did the acquisition part of the a in 1099-a

[@mechanicalmonkey7777]

@@jessel5370 what you mean?

[@jessel5370]

In the first 30 seconds the first slide has the acquisition and the second slide only has abandonment of secured property and they don't explain how that side can be used by anyone it just seems misleading to me

[@mechanicalmonkey7777]

@@jessel5370 oh yeah I see that! Any sources you can pass along? Who are you watching on here, best books? Take care

[@jessel5370]

Personally, I'm still waiting to see some receipts for anything purchased using a 1099a, besides why would they let it happen the amount of time and effort and manpower that must've went behind creating this system with these secret accounts and secret money we are not supposed to know about I just can't see the IRS letting this surge of 1099s go thru without questions I want to be tho don't get me wrong I wrote pages of notes with the codes and legal definitions and I can see how nobody has really heard about it til recently but til I see some kind of halfway proof somebody bought a house with a tax form I'm gonna let my emotions get me in trouble with the IRS even if there is no law that say you have to pay taxes it seems the ones that get in trouble are the ones that filed in the first place

[@jlwright2586]

Is there any way to use this to get cash money, say like a loan from a credit union.

[@allahmoonligtnin5582]

Good question i heard of someone succeding

[@zokhann7806]

It’s funny how he immediately started with abandonment of secured property. BRO WHAT ABOUT ACQUISITION 😑

[@kendrabonds6901]

Ikr

[@staceyhampilos8734]

Do you help on 1099-S

[@WeKnowTheDifference]

Do you have to be a secured party to utilize these forms?

[@JEvrist]

I would think so because of the fact that a regular sheeple can’t do ucc commerce and discharge debts. But if you have a fiduciary such as a realtor or car dealer then they have a fiduciary duty to help the trust based on their charter with the STATE.

[@nothingcanstopwhatscoming7003]

No all you have too do is all the irs for the form

[@nattyp7801]

Is there a such thing as post foreclosure litigation?

[@JEvrist]

You would sure want to ask the bank if they made a 1099a claim the first year you signed for the loan and do a FOIA freedom of information act because you did not need to pay them one payment as they already got paid by the treasury and left you liable to repay them double dipping! Then they went and foreclosed on you when they were already paid by the treasury!!? Yes! Send them that verification of debt and check to see if their 1099a had the box 5 checked as no. Meaning you did not have to pay back.

[@nattyp7801]

@@JEvrist the house foreclosure in March of 2018 and I moved the following year,so I’m guessing it’s too late now for any action…

[@angelaspann2818]

@@JEvrist Hello my mother home is in foreclosure can I send a 1099a, and 1096 to the IRS.

[@nothingcanstopwhatscoming7003]

@@angelaspann2818 No you need to file a 1099 C form

[@Lumalnatti11]

@@JEvrist thank you, where/what entity do you file the FOIA with? the bank or the IRS?

[@joncarter764]

I forgot one of their "SMU" LAWS... MANDATE. Have to get then c19 shot. So WE THE PERSON? or We the People?all can be wireless walking antenna... nanaobots

[@sambuckI]

Where do you go to get these 1099 forms from?

[@Arykaaaaaa]

Irs

[@travispartridge1630]

@@Arykaaaaaa not true bud I've searched the irs website they only provide a pdf of them no link to order them

[@nathansable3431]

@@travispartridge1630 I submitted mine Monday. its accepted forms being sent by UPS my moms has been accepted and sent over to the treasurey in 4 days time, my uncle is acting fiduciary trustee because he is a real estate broker and has an EIN she will be getting funds to her account and distribute to us. The process is flying to be honest. You just need an experience person to put you through.

[@ryanvanlue7020]

@@travispartridge1630 you call yhem

[@ryanvanlue7020]

@@nathansable3431 order them online

[@marccres6619]

I am sorry these people do not give you these forms and they shure do not give theses ,cause they do not own it ,the mortgage insurance does.

[@w8what575]

This makes no sense either! Why would someone pay double or triple what was originally borrowed from that persons trust to buy the home to begin with!? And why would anyone pay taxes on their home they bought that the gov had no rights to!? Bs! This is hell and idk why anyone complied with this bs

[@user-wu7oj2oj4b]

kzbin.info/www/bejne/pqmVg6WMj7hsh8U

[@user-wu7oj2oj4b]

kzbin.info/www/bejne/pqmVg6WMj7hsh8U

[@moor-pie-rite9180]

Everybody's trust has millions. A house is peanuts, paying extra is no big deal ;)

[@janchampine2009]

Poor thing can't understand so you claim it's "hell". People make themselves look so stupid when they comment on concepts they know ZERO about.

[@JEvrist]

The mic is too close I can hear all the sounds of the mouth it bothers me

[@Steorra9Steorra]

Lol

[@Gemineyesthatsee]

he should just tell you the truth about how we are all scammed into paying money back with interest that we provided in the first place

[@LogicallyWoke]

Yeah, the way this guys says it… ‘It’s voluntary’… What a fucking scam all of this is!

[@johnmatmanivong9407]

Aries Aquarius 819 Greg Dr Montgomery Al claim untied state’s treasury unthaw benefits All Justice rights (sale) help process documents

[@SAVYDOD609]

You owe NO TAXES , TAXES ARE ILLEGAL PERIOD

[@bonniej0]

Okay I was discharged from the mortgage in 2017 and I have the original note from when I was with the mortgage company before the mortgage company that I changed to for a modification. Freddie Mac was my original mortgage company and then I was with mortgage pros. Then I modified my loan for a loan of 20 grand so that I could repair the house and I went with Wells Fargo and they have been dealing with me ever since. There's nothing saying that Wells Fargo owns the loan. Then Wells Fargo transferred the loan to specialized loan services LLC just this past year of August 1st of 2023. Is it Wells Fargo supposed to sign the note and isn't it supposed to be transferred to specialized loan services and they're supposed to sign the note? I know I had a modification with Wells Fargo after my bankruptcy in 2017 with Wells Fargo which I was always up to date with my mortgage I wasn't informed about doing a reaffirm it because it was a chapter 7 the lawyer said I didn't have to. So I just found out when WF transferred it to SLS that Wells Fargo still owns the note even though I did a modification and endorsed it in 2018. Back on the note if I endorse the agreement to stay in the house and still pay the money? ??

[@pinkhustlefirstlady444]

Okay I ordered my 1099a but they sent me a 2021 can I still use it?

[@YoshiXO]

Yes