Take Control as a Creditor: Use IRS Forms to Reclaim Your Wealth

 


The IRS works for creditors, and you can act as one to access funds held in escrow and settle debts. By using specific IRS forms and understanding trust deeds, you can reclaim your financial power and protect your assets. Here’s how to do it.Use IRS Forms to Access Escrow FundsThe IRS provides forms that let you act as a creditor to access funds held in escrow, such as an outstanding balance on an American Express card. These funds are already reserved—you just need the right paperwork to claim them or pay off debts. Here’s how:
  • Form 1099-OID (Original Issue Discount): If you’re the recipient, file this with a Form 1040 (available on the IRS website with line-by-line instructions) to recover funds withdrawn from your bank account. As the payor, you don’t report 1099-OIDs.
  • Form 1099-A (Acquisition or Abandonment of Secured Property): Use this to access escrow funds for debts like state taxes without reporting them on a 1040. For example, direct the IRS to use escrow funds to settle a debt or return them to you.
Alternatively, you can:
  • Send the debt obligation to the U.S. Treasury with a money order for payment.
  • Get a pre-approved Treasury, Tax & Loan (TT&L) transaction, bond the account, and instruct the bank to hold funds in escrow. Notify the state taxing agency that funds will be released once they confirm a zero balance.
There are multiple ways to handle debts—choose the method that suits your situation.Act as a Creditor in All AreasEmbrace the mindset of a creditor, not a debtor, in every aspect of life, including spiritually. Creditors have unlimited potential to create solutions because they:
  • Correct all IRS filings and report accurately.
  • Avoid claiming exemptions, deductions, or filing statuses on tax forms.
  • Seek only the return of their interest, not taxable benefits.
  • Incur no taxes, unlike debtors.
By acting as a creditor, you ensure your claims don’t add to the public debt.The Role of Judges and AttorneysJudges and attorneys, as members of the BAR (British Accredited Registry), serve the Crown, holding titles of nobility like “esquire.” Since states operate under corporate systems, these officials ensure creditors receive their due. By filing as a creditor, you align with their framework to protect your assets.Pre-Approve Transactions for PowerGet transactions pre-approved through the U.S. Treasury before involving your bank. This creates a stalemate, securing your interest and preventing the bank from acting against you.Master Trust Deeds in Real EstateIn states like California, buying a home involves two key documents:
  • Deed of Trust: A contract (lien) where you, the trustor (creator), name a title company as trustee and the bank as beneficiary.
  • Grant Deed: The title, listing only your name, proving your ownership.
A deed of trust is revocable, meaning you control it unless it’s an irrevocable trust. To reclaim control:
  1. Record a new document at the County Recorder’s office, reshaping the trust.
  2. Name yourself the beneficiary and a trusted friend the trustee, removing the bank’s security interest.
  3. Retain the grant deed in your name, ensuring the bank or title company can’t sell the property without your consent via a quitclaim deed.
Without your signature on a quitclaim deed, the property remains yours, and the account stays open until you close it.Take Charge of Your FinancesBy acting as a creditor with IRS forms like 1099-OID and 1099-A, pre-approving transactions, and mastering trust deeds, you can settle debts and protect your wealth. Our Secured Party Creditor Process Pack and Commercial Lien Manual provide step-by-step guidance to navigate this system with confidence. Start today and reclaim your financial freedom!
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