Introduction to the 1099 OID process

The 1099 OID process is a dangerous Patriot Mythology. Patriot Mythologies are legal theories that sound great and promise great results. Some of these myths are — removing yourself from the jurisdiction of the “government’s (or IRS’) jurisdiction;” “wiping out the taxes”; “untaxing yourself;” assisting you in “regaining your sovereign status;” or “removing you from…

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What is income?

The subject of the various prior and current income tax acts, income, has always been directly connected to a particular phrase: “gains, profits, and income.” For example, the 1894 act, titled “An Act To reduce taxation, to provide revenue for the Government, and for other purposes,” approved August 27, 1894, 28 Stat. 509, ch. 349,…

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Who is liable?

Federal taxes are collected from those who are “liable” for the various taxes imposed in the Internal Revenue Code. For example, 26 U.S.C. § 7601 commands that the Secretary of the Treasury “canvass” the various internal revenue districts to located those “liable” to pay any internal revenue tax: Section 7601. Canvass of districts for taxable…

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