CLAIM CREDITS GUIDE

Year 2021 and onward

These steps are designed to guide you in claiming your credits from all accounts that you have utilized
your social security number with and those you did not (monthly subscriptions). Each step must be
completed before moving onward or the process will not work. This is time consuming and will need your
dedicated attention to detail and simple math to calculate totals and bartering. DO NOT make up any kind
of numbers when filling out the 1099b’s. Happy Success to you!

-Key

PREPARE
(as you complete each step place a checkmark for completion)

1. Make 3 copies of your birth certificate, social security card, ID/drivers license

STEP 1
Create a Revocable Living Trust using any abbreviations of your name and include the EIN within the
document of the trust (common law/government EIN):
*Use the trust templates to tailor the trust how you want—there is no wrong or right way—within the
schedule A “trust property” make sure to include your all caps name (and spell it out in all capital
letters in different variations) and social security number as this will become property of the trust
*Make yourself the trustee of the trust (if you have someone else be the trustee or add additional trustees
you all must go before the notary to have the trust be notarized)
*You will need to have an EIN for the trust and can obtain one with the IRS on their website for free
(make sure to print out the page AND have a hard copy mailed to you):
https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-
number-ein-online
*If you want to use a common law EIN (00-followed by seven digit variations) make sure that the number
is not associated with anyone else by conducting a quick IRS search at:
https://forms.irs.gov/app/pod/basicSearch/BasicSearchResults
1. Get the trust notarized by a notary where you live (your bank may notarize for free)
2. Make 1 colored copy of the entire notarized trust for your records
3. Make 3 colored copies of the certificate of Trust page and notary page
4. Go to your county clerk office and RECORD the original notarized trust and ask for a certified
copy (there may be a fee)
STEP 2
1. Do an online search for IRS form 2848 pdf, and IRS form 56 pdf
2. Fill out IRS form 2848, and form 56 and print it out so that you can wet signature sign the
documents (examples provided) sign with purple ink!
3. Fill out the non-descendent letter and get it notarized and make 3 copies (example provided—
before notarizing your trust take this letter with you so it can be notarized as well)
4. Once you have filled out both the tax forms fax it to the IRS with the following: 1 copy of your
birth certificate, 1 copy of social security card, 1 copy of ID/drivers license, form 2848, form 56,

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 non-descendent notarized letter, notarized trust page ONLY, notarized certificate of trust page
ONLY
STEP 3
1. Certify return receipt mail to the Attorney General of your State:
Attorney General Letter (provided), 1 copy of birth certificate, 1 copy of your social security
card, 1 copy of the notarized trust page ONLY, 1 copy of the notarized certificate of trust page
ONLY, 1 copy of your ID/license
2. Certify return receipt mail to the Secretary of your State:
Secretary Letter (provided), 1 copy of birth certificate, 1 copy of your social security card, 1 copy
of the notarized trust page ONLY, 1 copy of the notarized certificate of trust page ONLY, 1 copy
of your ID/license
STEP 4
1. Open a Trust account with a bank or credit union (credit unions are non-profit member owned)
*take the notarized copy of the trust with you, (any other trustees), Company bank account
Resolution document (provided)/IRS EIN paper
2. OR open a trust account with fidelity at fidelity.com (you will need to input the information from
the Trust: trust name, EIN, YOU are the Trustee, your beneficiaries if you have any)
PREPARE
(as you complete each step place a checkmark for completion)
1. Gather all bank statements for the 12 months of the year you are claiming credit for
2. Do a spreadsheet with excel or handwritten outline of ALL bills/services that the account was
opened with your social security number and the people you paid (DO NOT include payments
that you received back or gifted ONLY what you are owed back)
3. Make sure you have the name, email address, phone number, address, the account number and (IF
possible the company EIN (do a online search to obtain it)/person Social Security Number)
4. Add the total amount for each account separately then take the total and multiply it by 10
EX: Spectrum account $30 per month is (30 x 12 = 360 $360 is your proceeds) $360 x 10 =
3600 $3600 is what you will barter—make a note of this so you can easily go back to these
numbers within the steps
When you received a loan (car, house, etc) you take the entire loan amount and ONLY multiply it
by 10 to barter
EX: ABC Mortgage $120,000 this is your proceeds 120,000 x 10 = $1,200,000 $1,200,000
is what you will barter
(example social security accounts: employment/food stamps/mortgage/rent/cellphone/cash
assistance/insurance premiums/cable/internet/bank accounts etc.)
(example payments made to individuals/businesses with no social security number involved:
zelle/cashapp/venmo/paypal etc.)
DO NOT MAKE UP ANY TRANSACTIONS YOU SHOULD FOLLOW WHAT IS ALONG
ON YOUR STATEMENTS/WHAT YOU HAVE PAPERWORK FOR AS EVERYTHING
NEEDS TO HAVE A PAPER TRAIL!—IF YOU PAID BY CASH YOU SHOULD HAVE
RECEIPTS OF THE TRANSACTION

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 PREPARATION MUST BE DONE FOR EACH YEAR YOU ARE CLAIMING CREDITS OR
YOU MAY END UP LEAVING CREDITS BEHIND AND THE COMPANY/PERSON CAN
CLAIM THE CREDIT ON YOUR BEHALF—ITS YOUR MONEY WHY NOT CLAIM IT!

STEP 5
1. Create an account with www.tax1099.com (fill out all portions with YOUR information)
2. Click on the classic view at the top portion of the page
3. On the left hand side click on forms
4. Click new forms
5. Click 2021
6. Click 1099b
7. Click add Payer and fill in YOUR information
8. On the right side box where it says “applicable check box on Form8949” click the down button
and click B
9. On line 1a type in “signature exchange for funds excess”
10. On line 1b enter the beginning date of the year (ex: January 1, 2021)
11. On line 1c enter the end date of the year (ex: December 31, 2021)
12. On line 1d enter the total calculated amount you added up from each months payment/what you
paid to a person
13. Click the box on the left in blue that says “add recipient”
14. Add the recipient (it would be the business or the individual)→fill in all portions of the form
EXCEPT the TIN/SSN instead click the box that says “tin not provided” and complete the entire
form and click “add”→this will generate the person/business you paid
15. On the next box down that says “account number” enter it in (if you paid an individual leave the
numbers that already generate on the screen)
16. In the box that says “CUSIP number” put in Your social security number
17. On line 2 check the box that says “ordinary”
18. On line 13 enter the calculated amount you are going to barter
19. LEAVE ALL OTHER PORTIONS OF THE FORM BLANK
20. Click “save & add new 1099b”
CONTINUE THIS PROCESS UNTIL YOU ARE FINISHED WITH EACH ACCOUNT. WHEN YOU
ARE FINISHED WITH YOUR LAST FORM CLICK “save and continue” and at the very bottom of the
page that is the dollar amount number to be accepted and approved that is bold highlighted. You can file
up to 100 accounts.
21. There will be a new screen that generates where you will see all of the 1099b forms you
completed
22. Look for the box that says “select all” on the left and click it and it will select all of your 1099b
forms
23. Look for the box that says “USPS mail” and it will select all of your 1099b forms
24. Click “submit for this payer”
25. You will be directed to a pay screen. The price is about $4.91 to file each of your 1099b so be
prepared to pay the entire amount upfront as it will be processed within that day.
26. After you pay the fee wait about an hour and log back into the account and make sure that you
stay in classic view

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 27. On the top right side click the blue plus sign
28. Click Generate summary
29. The summary page of your 1096 will appear
30. Click the blue drop down box that shows “payer” next to it and your 1096 will
appear→download a copy for your records as you will use the numbers in Box 5 for your IRS
1041 form (box 5 is the amount you have to file on the 1041 to obtain)
31. You have to wait for your 1099b’s to be approved to move on to the next step
The irs is going to mail you a 1096 and in box 5 is the approved barter amount you will use for the next
step
Work around→(in tax1099 click on approved from your dashboard page and add up the total of each
1099 from line 13, write down that number, and that is the dollar amount number you will use for the
next step)
STEP 6
1. Go to www.taxact.com and create an account using YOUR information
2. (I already have an account so I looked for the tax year 2021) click products and services
3. Click business
4. Click estates and trusts the price to file is $124.99 per tax year
5. Go through the prompts and fill in your information as the fiduciary your title will be Trustee
and use the same address and phone number you used when you filed the 2848 form (more than
likely if you do not have a po box you used your address so that information goes in)
6. Follow all prompts by clicking either “no” or “continue” until you reach a page that has all
transaction amounts as “0” and its asking you to file the “0” return→DO NOT FILE
ANYTHING YOU ARE NOT FINISHED!
Next click the help question mark sign to the right and type in 1099b and click on the link for it and it will
bring you to the page.
1. Click add 1099b
2. Description “signature exchange for funds excess”
3. Put the date 1/1/2021 – 12/31/2021 (you will put the date for each year 2022, 2023 etc January 1
to December 31 return that you do so pay attention to the year you are submitting)
4. Check box ordinary
5. Click continue
6. Check B in the box
7. Click continue
8. When the next page appears click continue
9. When the next page appears click continue
10. Click the first box federal and/or state withholding
11. Click continue
12. In the box federal tax withheld you are going to put in the entire dollar amount of the 1096 from
box 5 and or the calculated value from each 1099b that was approved (remember I said to write
down that dollar amount!)
13. Click continue
14. When the next page appears click continue
15. DO NOT add anything else in just continue
16. Click the help question mark sign to the right and type in “fuel”

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 17. Click “fuel tax credit”
18. When the new page appears click the first link “nontaxable use of gasoline”
19. In the first box enter “30,000”
20. Click continue
21. Keep clicking continue until you have reach the end to pay
22. YES THE GREEN DOLLAR AMOUNT IS WHAT YOU WILL RECEIVE BACK
23. If you choose direct deposit that needs to go into your TRUST checking account
24. You can receive direct deposit (21 days) or a check (45 days)
CONGRATULATIONS YOU ARE ALL FINISHED FOR THE TAX YEAR AND HAPPY
HEALTH AND WEALTH TO YOU!

Do not gatekeep this information—pass it on—do not charge for this information—nor will you
conduct electronic media classes for people to receive this information—each one teach one!

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