00:01
good morning
00:03
brothers and sisters
00:05
what we got going on here today is uh
00:09
um
00:11
apparently the
00:14
1099a and the 1099c video is pretty
00:18
popular
00:19
uh there's been
00:21
over 700 views on it so far in just the
00:24
last couple of days
00:26
uh yesterday we went over uh 11 000
00:32
views on the channel
00:34
and i want to thank everybody for taking
00:36
their time out man our time is valuable
00:38
you only got so much of it here in this
00:40
world
00:40
so i do appreciate the time that y'all
00:43
are taking to watch these things
00:45
but here's what's going on
00:48
uh i did that
00:50
uh video
00:52
uh
00:55
to
00:56
help people out you you to use this okay
01:01
and
01:03
like i said there's over 700 views on
01:05
that one and there's a lot of the other
01:07
videos that i put on there that
01:10
you know are not even 200 yet
01:12
uh
01:14
so when i see the numbers like that
01:17
uh i realize that this that that video
01:19
is getting watched a lot more than the
01:21
other videos
01:22
and uh i understand that the video that
01:26
i posted a couple days ago on the 1099
01:28
and see
01:30
that a lot of you have shared with your
01:32
other friends and i'm totally cool with
01:34
that
01:35
uh put it out there
01:38
uh the whole reason i'm into doing what
01:43
i'm doing
01:44
is to change the way things are now
01:47
and uh by using the the process
01:52
to
01:53
change your situation you also change
01:56
the future
01:57
so
01:59
that's why i'm putting this out here i
02:00
want to change the future i want to have
02:02
a part in changing the future and i'm
02:04
sure most y'all do too
02:06
then you will with your progeny uh
02:09
so
02:12
uh
02:14
what i want to do now is i want to
02:18
talk about the 1099a because here's the
02:21
thing a lot of you that watch the 1099a
02:25
1099c
02:26
have hit me with a lot of questions and
02:28
a lot of the same questions
02:31
and
02:31
[Music]
02:33
i'm suggesting that you go back and
02:36
watch the videos that you haven't
02:37
watched
02:38
it may be time consuming yeah
02:42
but
02:43
most all of them videos have a little
02:46
piece of something or another in there
02:48
that you can compile into
02:50
a a notebook of information so to speak
02:54
uh to use this uh
02:57
like for instance i was talking about
02:59
the the when i was talking about the
03:00
1099
03:02
uh
03:04
a
03:05
a couple of the questions that i got
03:07
from people that that have actually been
03:09
doing this
03:10
uh and they're not having any success
03:12
with the 1099-a
03:15
and the reason that they're not doing is
03:17
having success with it is because
03:19
they're not feeling them out proper
03:22
[Music]
03:24

because they filed the 1040
04:51
the the return is going to come back to
04:53
them
04:55
and because you sign the back of the
04:57
check
04:58
the treasury's going to know that when
05:00
they file
05:02
okay
05:03
so that's where a lot of y'all i guess
05:05
are probably having the issue at it's
05:08
the treasury why why is it the treasury
05:13
because the treasury is the
05:16
the grantor of the social security sas
05:19
decay trust
05:21
uh they're uh
05:23
they're holding the trust
05:25
for the social security administration
05:28
the social security administration
05:31
is the administrator of the trust
05:34
and the tr the united states treasury is
05:36
the bank of the trust
05:38
okay that's where your money goes when
05:41
you get a social security check
05:44
or a va check
05:46
they used to come by paper but now they
05:48
come electronic and when i look at my
05:49
bank statement
05:51
uh my va check my social security check
05:53
they all come from the treasury the
05:56
ok at these other videos
03:41
you're going to glean stuff from them
03:44
that when you get around to watching the
03:46
1099a you're gonna go oh yeah okay i
03:49
understand i see what he's talking about
03:52
uh
03:53
when you fill out the 1099a
03:58
okay you'll notice that who the lender
04:02
is it's the united states treasury
04:05
and who the borrower is
04:07
okay
04:08
uh like i said in the last video these
04:11
are checks
04:12
but really how you're going to use it is
04:14
like a third party check
04:17
okay that may clarify some of the
04:19
questions that you all have
04:21
you know the reason that they're not
04:23
working for you if you've tried them is
04:25
because you're putting the person up
04:27
there in the top as the lender
04:29
like say the dealership
04:32
and then you're putting yourself as the
04:33
borrower that's not how it works what
04:36
the dealership's going to do is they're
04:38
going to take this they're going to file
04:39
it with their 1040.
04:42
right v
04:43
and then what's going to happen is
04:45
they're going to be the third party in
04:47
the check
04:49

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