Executor Office. MYRON CHARLES RICE, Estate Nation “Michigan”. General-Post Office. General-Post Box - XXXXX. Detroit - Town. United States Minor, Outlying Islands. Near. [XXXXX-9998] night - of eight April two-zero one-four OFFICE OF THE CHARTER ONE/RBS CITIZENS BANK MR. BRUCE VAN SAUN, CHIEF EXECUTOR OFFICER Royal Bank of Scotland Group PLC One Citizen Drive Riverside, Rhode Island Certified Mail: 7012 2210 0002 4336 9615 U.S.A. [99999] To:
Office of the Charter One/RBS Citizens Bank (Payor)
From: The Office of Executor- the “MYRON CHARLES RICE”, Estate. aka RICETECH PROPERTY MANAGEMENT TRUST (Recipient) RE:
Request 1099-0IDs “Collateral Interest Income Withholding” as Tax Deductable for IRS on Tax Years: 2009, 2010, 2011, 2012 & 2013. Account # XXXXXXXXXX THIS IS NOT A “DEBT ELIMINATION SCHEME”
Mr. Bruce Van Saun Under Charter One/RBS Citizens “Personal Deposit Account Agreement, Section 17(c) and IRS instructions and Statutory Laws you, Mr. Bruce Van Saun, Chief Executor Officer, is require “on demand and notice” to file 1099-OID Interest Income Withholding and give to Estate (recipient) a copy B. The Charter One/ RBS Citizens checking account number(s) is # XXXXXXXXXX The details for reporting Original Issued Discounts (OID)/ Security Interest Income are provided for the Bank/Association is in the following Laws and Publications: a. Publication: Charter One “Personal Deposit Account Agreement, Section 17(c)&(d) – Interest Withholding.. b. Publication: General Instruction for Forms 1099, 1098, 5498 & W-2g – Section M “Statements to Recipients (Borrower, Debtors, Donors, Insured's, Participants, Payer/Borrowers, Policyholders, Students, Transferors, or Winners on Certain Forms)”. c. Publication: Instructions for Forms 1099-INT & 1099-OID – “Specific Instructions for Form 1099-OID”. d. Law: Title 12: Bank and Banking, 12 USC 412 Applying for FRN, collateral required. e. Publication: Operating Circular No.10, Application for Interest Income and definitions. f. Law: Title 26 USC 6049 – Reported Returns Regarding Payments of Interest. g. Law: Title 26 CFR 1.1271 thru 1.1273 - Original Issued Discounts (OID) defined and procedures. h. Law: Title 26 USC 1271 thru 1274 – Original Issued Discount (OID) determinations. i. Law: Statutes at Large, Volume 100, page 2114, Sec 67 (a), (b)(1) & (e) – IRC of 1986. j. Law: Statutes at Large, Volume 13, page 99 thru 118 – National Currency Act. k. Law: Title 26 USC 163 & 163(e) – Interest & OID as tax deduction.
Under the Federal Reserve Act of 1913, banks/associations are federal government agencies and the US Secretary of Treasury is holding our original signed bonds (Check deposit, Written Checks, Credit Cards receipts & obligations of the U.S.) as collateral. Therefore, the exchanged “Security Interest’ is taxable “Federal Withholding” to be filed as gross income. “Security Interest” is the exchange of “Collateral Securities” by the Charter One/ RBS Citizen Banking Association via Federal Reserve Banks to be deposit with the Secretary of Treasury in trust. The law for the exchange enacted on March 9, 1933: Emergency Banking Act, 73rd Congress, session I, Chapter 1, Title IV Sec. 401. Sec. 401. The Sixth paragraph of Section 18 of the Federal Reserve Act (1913) is amended to read as follows: "Upon the deposit with the Treasurer of the United States, (a) of any direct obligations of the United States or (b) on any notes, drafts, bills of exchange, or bankers' acceptances acquired under the provisions of the Act, any Federal reserve bank making such deposit in the manner prescribed by the Secretary of the Treasury shall be entitled to receive from the Comptroller of the Currency circulating notes in blank, duly registered and countersigned. When such circulating notes are issued against the security of obligations of the United States, the amount of such circulating notes shall be equal to the face value of the direct obligations of the Unites States so deposited as security; and, when issued against the security of notes, drafts, bills of exchange and bankers' acceptances acquired under the provisions of this Act, the amount thereof shall be equal to not more than 90 per cent of the estimated value of such notes, drafts, bills of exchange and bankers' acceptances so deposited as security." Penalties for not filing Redeeming Notes on Demand and Notice: a. Statutes at Large, Volume 13 pages 113, Sec 46 thru 50 - fail to redeem circulating notes upon demand notice, & Comptroller of the Currency penalties. b. 18 USC 1621 – Perjury generally With that said, Mr. Bruce Van Saun, please respond to the Notary's address below, within 15 days from the date of this letter. Furthermore, do your due diligent, so that the 1099-0ID interest/credit shall be reported to IRS, and mail copy B to Estate (recipient) representative and redeem credit to the Treasury of the United States in trust (Statutes at Large, Vol. 13 page 105 Sec.19) on the bank's behalf. If any of the procedures and/or laws above is incorrect then note the deficiency and submit changes with Codes, Slip laws or Statutes at large as evidence of correctness. Mary L. Butts P.O. Box 23245 Detroit, Michigan 48223
Govern yourself accordingly Certified No. 7012 2210 0002 4336 9615
By: Executor____________________ Office of Executor
CC: Douglas H. Shulman, Commissioner of the IRS Bill Schuette, Attorney General of Michigan Thomas J. Curry, Comptroller of the Currency Jacob J. Lew, Secretary of the Treasury
________________________________________________ Notary Signature Date
SEAL
