I'm David Maryland. I'd like to speak for a moment about the Federal Reserve Act written in 1913 and the remedy found therein, and how to apply it today. It's important to understand why a remedy had to be written into the Federal Reserve Act. To look at that, we look at the description in the title: "An act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper," and so on. The important part for us to focus on in this short video is to furnish an elastic currency. To understand the authority behind the remedy in the United States of America, we should look back to 1789, the Judiciary Act, and read "saving to suitors in all cases the right of a common law remedy, where the common law is competent to give it." This "saving suitors Clause of 1789" also allows for the exclusive original cognizance by Congress and by the United States government of all seizures on land. Therefore, Congress was required to write the remedy for elastic currency into section 16 of the Federal Reserve Act. It states, "They shall be redeemed in gold on demand at the Treasury Department of the United States or in gold or lawful money at any Federal Reserve Bank." However, reading section 16 carefully reveals that the remedy from central banking reveals the Federal Reserve notes are for reserve banks. If you have Federal Reserve notes in your wallet, in other words, you're considered a reserve bank. To restate the remedy, one could quit being a Reserve Bank by redeeming lawful money with the Federal Reserve notes. Corporate powers are defined in the Federal Reserve Act: "Upon filing of such certificate with Comptroller of the currency as aforesaid, the said...
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Irs Trust Fund Loophole Form: What You Should Know
Trust Fund Recovery Tax (TTF) — IRS The TTF is part of the withholding tax, also known as the Trust Fund Recovery Tax (TTF), which you might have noticed when it came out of your paycheck. The TTF is an income tax that is imposed on a person who fails to make and remit to the IRS any TTF in a given tax year. Trust Fund Recovery Tax | Internal Revenue Service The Trust Fund Recovery Tax (TTF) is an amount you owe the IRS. The amount owed is determined by the tax liability in Trust Fund Recovery Tax (TTF) | Internal Revenue Service You need to pay TTF. If you don't pay your TTF when you owe it, the IRS will collect it. 5.19.16 Tax on Unpaid Trust Fund Tax (TUT) The TUT is an annual tax on payments made from the TTF. When your employer withholds income taxes or Medicare benefits from your paycheck, this amount is added to your TUT for the following year and is collected by the IRS. If your employer does not withhold income taxes on behalf of your employees, this amount can be paid directly to the IRS. You are personally liable for paying the TUT when you owe it, and it can never be refunded 5.19.17 Annual Filer Certification Required for Employers With Income Taxes Each year a new set of income tax rules is developed by the IRS. The rules are issued on tax filing deadlines and can apply to taxpayers who itemize deductions on their federal tax returns rather than taking the standard deduction (and who don't claim a personal exemption). 5.19.18 Annual Review Schedule and Statement — IRS The IRS sends a copy of your Filing and Payment Instructions to ensure that you comply with all the tax rules that apply to you. 5.19.19 IRS Reporting Period for Income Tax, Medicare, and Social Security The IRS requires taxpayers to report their tax and withholding from their paychecks and makes public any amounts you fail to pay and the amounts you are obligated to pay for withheld income tax. You need to do this to accurately report your income tax on your tax returns. IRS Tax Filing and Payment Instructions: Important Dates for 2024 Taxes | IRS Form 1040-ES 5.19.
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