NOTICE TO SETOFF ACCOUNTS (example)

 

THIS IS A PRIVATE COMMUNICATION BETWEEN THE PARTIES

NOTICE TO AGENT IS NOTICE TO PRINCIPAL  ---  NOTICE TO PRINCIPAL IS NOTICE TO AGENT

 

NOTICE TO SETOFF ACCOUNTS

 

Notice by:            John Henry Doe, Principal

                           c/o Cindy Smith, Notary Public

                           1234 Witness Street

                           Huntington Beach, California 92648

 

Date of Notice:     15 June 2010

 

Notice for:            Internal Revenue Service

                           Stop 4440

                           PO Box 9036

                           Ogden, Utah 84201

 

Service by:          Registered Mail Article No. RB 111 222 333 US, with return receipt

 

In the matter of:    Enclosed tender for setoff

 

Greetings . . . .

 

Please find enclosed, the following instruments:

 

1.   original FINAL NOTICE, issued by California Franchise Tax Board and dated May 12, 2010, duly indorsed as follows:

“ACCEPTED FOR VALUE – RETURNED FOR VALUE”

“EXEMPT FROM LEVY – PREPAID COMMON STOCK”

“DISCHARGE ALL PRESENTMENTS AND RELATED FEES”

“ADJUST THE BALANCE TO ZERO”

“PRIVATE PREPAID TREASURY EXEMPTION # 123456789”

“CHARGE THE SAME TO: JOHN H DOE 123-45-6789”

"(signature) (date)"; and

 

2.   original I.R.S. Form 1040-V, Payment Voucher, duly indorsed as follows:

“ACCEPTED FOR VALUE – RETURNED FOR VALUE”

“EXEMPT FROM LEVY – PREPAID COMMON STOCK”

“DISCHARGE ALL PRESENTMENTS AND RELATED FEES”

“ADJUST THE BALANCE TO ZERO”

“PRIVATE PREPAID TREASURY EXEMPTION # 123456789”

“CHARGE THE SAME TO: JOHN H DOE 123-45-6789”

"(signature) (date)"; and

 

3.   original I.R.S. Form 8888, Direct Deposit of Refund to More Than One Account.

 

4.      copy of Treasury Direct Account Authorization for account JOHN H DOE

       123-45-6789; original on file with The Department of the Treasury, Bureau of Public Debt.

 

These instruments are being tendered by John Henry Doe, hereinafter “Principal”, for the set off of California Franchise Tax Board Account No. 123-00000-01, and are to be used to affect debit and credit accounting transactions for the settlement and closure of said account.  If any of the enclosed instruments contain any defects or are incorrect, incomplete, or inaccurate, please return the same to the Principal via the Notary Public at the address shown above within 10 days from the date of receipt.

 

JOHN H DOE 123-45-6789 has an open Treasury Direct Account Z-000-123-001 established with the Bureau of Public Debt for the purpose of purchasing and setting off public debt with private equitable assets, as outlined in the Chicago Federal Reserve Bank’s publication entitled “Public Debt Private Assets”.  The included IRS form 8888 indicates the account number and routing information associated with said Treasury Direct Account to ensure that any credits, refunds, or over-payments are directed to account Z-000-123-001, and not returned to the Principal in the form of a check, promissory note, or other liability instrument.  The Principal hereby grants and conveys to the Internal Revenue Service, or any of its agents, the authority to direct any refunds or over-payments as credits ledgered to account Z-000-123-001.

 

Please exercise ordinary care, as the party entitled to enforce these instruments, to ensure that all debit or credit transactions ledgered to accounts 123-00000-01, Z-000-123-001, and JOHN H DOE 123-45-6789 are done so in the best interest of the United States Treasury for the Republic.

 

Thank you for your consideration, and I look forward to a relationship that is mutually beneficial to all parties involved.

 

Until then, it is my pleasure to always be . . . .                   ____________________________________

John Henry Doe, Principal