Assist The Homeless

1099-A FAQs

Update: As of July 10, 2023, JRI™© has not received any funds from the Treasury. We have heard from various contacts that we could see funds begin moving mid-summer. Do not hold us to any dates, because with this movement dates and timelines are continuously moving. The release of funds is not in our control. Please check back periodically for further updates.
Can I file for a car and a home at the same time?

Yes but use two separate forms. You can file for one car and one house per year per trust.

What can I include when acquiring a house?

On top of the purchase price, add the closing costs, home insurance, moving costs, renovations, interior design, furniture, linens, solar, emergency generators, landscaping, and outbuilding construction. And of course, remember to add the 5% trustee fee to the purchase price.

See the Property Purchase Checklist in the ebook for more ideas.

Isn’t just writing ‘Real Property’ in the description for a house a bit vague?

Since it’s unlikely a vendor will keep their house off the market for you for 120 business days whilst you wait for funds, you can’t put a specific property in the description in case it’s no longer available after that time.

Once you’ve closed on a property we can file a CORRECTED 1099-A with the actual property address.

The same applies to vehicles if you end up buying a different vehicle, we can file a CORRECTED 1099-A with the VIN number, make and model.

Can I buy a commercial vehicle using a 1099-A?

No, the vehicle must be for personal use only so no 18-wheelers or vans.

Can I pay off my car loan and file to purchase a new car at the same time?

Yes, this is allowed, see the example above for paying bills/debts. You would file for the acquisition of a new car separately.

How do I cancel my 1099-A filing?

You must email us with ‘Void My Submission’ in the subject line so we can void the various forms we have filed for you.

Please note there is a $10 cancellation fee per 1099-A form to cover the admin costs of voiding your forms.

You will also be required to complete a cancellation agreement.

Is all this legal?

Whilst we can’t give you legal advice, yes, it’s both legal and lawful when done correctly.  Not putting the work in to fully innerstand this process and acting greedily will be your downfall. Acting as your trustee is a huge responsibility so we will only file our side of the paperwork if you have done your side correctly and we feel you’re acting honorably.

How will I know when you’ve completed the filing?

We’ll email you a countersigned copy of our agreement and an invite link to the ‘Next Step’ Telegram group where you can hang out with others who are awaiting their funds.  If you need further clarity on the process, review this diagram.

What’s the minimum age you need to be to access your trust/file a 1099-A?

18 years old. Keep in mind that the trust is likely to be worth significantly less than a more mature trust. Unfortunately, it’s hard to know the exact value.

Is there anything I can do to improve the chances of my funds being approved?

This isn’t the same as applying for a loan so there’s no credit check or financial appraisal before funds are approved.  To get approval you simply have to be realistic with what you’re asking for. Our job as trustees is to make sure we’re both compliant with trust law and avoid getting us both into trouble.  See the list at the end of this ebook for ideas on what people typically file for.

Should I set up a beneficiary bank account?

You can, but it’s not essential.  To do this open a new checking account and sign your name as follows on the application: First-Middle: Last, Beneficiary.

Can I call the IRS to chase up my funds?

You must wait a minimum of 120 business days and even then they will only communicate with the trustee, not you the beneficiary.

Has anyone received their funds yet?

Other people using the exact same filing method as us recently received funds within 120 business days. None of the beneficiaries we have filed for have received funds yet as we’re still within 120 business days. (We will update here and in the Telegram groups as soon as this changes.)

What are the criteria for deciding if your funds are approved?

We don’t know the exact criteria but logic dictates that being realistic is the main criteria.  If you’re asking for $30 million for a house when you’re currently living in a rented apartment, your funds probably wouldn’t get approved. Although your trust may be worth way more than $30 million, don’t be greedy by asking for more than what would be deemed reasonable.

How do I receive USD if I don’t have a U.S. bank account?

Wise is a fantastic way to send or receive money abroad. They also offer a business account that the vendors/suppliers you’re working with can sign up for to receive funds.

Can I pay medical bills with a 1099-A?
Do I need to declare my sovereignty to be able to benefit from my trust?

No, you need to know who you are i.e. a living man/woman on the soil but there’s no requirement to file any paperwork like status correction or the UCC1 financing statement, for example. Having said that, it certainly won’t hurt the process if you have already declared your sovereignty.

If you’re a U.S. citizen, we can help you with filing all the forms for this. The charge is $200. Email us with ‘Status Correction’ in the subject line for more information.

To clarify:  You do not have to correct your status to use a public filing of a 1099-A.  If you are trying to access the trust from an Executor/secured party creditor standpoint then, yes you have to do a lot more than just a status correction because you haven’t put yourself into the private side to be an executor of your estate.

To access the trust using a trustee is acting from the public side so you don’t need anything additional in place.

Status Correction is basically expatriating from the fraud that was placed against you at birth and putting that on public record to remove yourself publicly from the Maritime/Admiralty jurisdiction.

Should I chase Tara/Drew if I haven’t heard from them?

We know you’re excited to get the process started and receive your funds but the more you bug them the more it slows down the process for you and everyone else.  It’s best to leave them to focus on processing the filings.  If you’ve watched all the videos and still have questions keep reading this e-book or ask in the Telegram group.

If your question isn’t getting answered in the group, ask an admin directly.  To find an admin for the Telegram group, search the list of members and the admins will be marked as such.  You can also join one of the regular live YouTube broadcasts to ask questions.

Can I pay Jarrett Realty Investors to speed up the process?

No, the forms are filed in the order received with the exception of urgent cases for homelessness, foreclosure, repossession or eviction.  Even if we file your forms tomorrow, you will still need to wait 60 business days for funds to be received from the United States Treasury.

How do I submit my Trustee Agreement to you?

Please send the agreement with your 1099-A(s) to our P.O. Box address.

Where do the funds come from?

The IRS executes the trust and sends the authorization to the United States Treasury who then send the funds.

How long will it take to receive the funds?

It usually takes 120 business days from when we complete the filing. It currently takes us four weeks or so to file all your paperwork from when you submit it to us.  This equates to 6 calendar months in total so you need to be patient. There are no shortcuts, unfortunately.

How do I pay the one-off $10 admin fee?

The one-off fee is to cover printing and postage as well as stationery costs such as folders and envelopes.

Please pay using any one of the following methods:

Drew’s Venmo – @jcjarrettrealty
Drew’s Cash App – $djarrett52
Tara’s Venmo – @tara-jarrett-1
Tara’s Cash App – $tarajarrett2016

Download CashApp
Cash App instructions for new users.

Can I use a P.O. Box for my address on my 1099-A?

Ideally not, but if you have no other way of getting mail delivered to you then you will have to.

If my spouse and I are both filing 1099-A’s do we both need to file separate Form 56’s?

Yes, you both have separate trusts.

Why do I need to file a Form 56?

The Form 56 is notifying the treasury of the fiduciary relationship. If you only submit the 1099-A, 1099OID, 1096, 1040v and 8888 it will do no good without express consent on the form 56 to allow Jarrett Realty Investors to proceed as your trustees.

If you are filing a 1099-A and the vendor is the trustee, i.e when you submit your 1099-A to a car dealership instead of using a third-party trustee like us, then you will also need to file a 56F and 2848 as well.

Can I combine everything on the same form?

You can’t use the same form for unrelated purchases, so you would need a separate form for a house and a car, for example.

If, for example, you’re paying your telephone, gas, water and electricity bills upfront for the year, this could be on the same form. In this case you would put ‘Annual utility bills’ in the description.

Why do I need to autograph my name as beneficiary?

This is how you monetize the form, without it the funds cannot be released.

On the 1099-A form there are 3 forms per sheet, how does that work?

You’ll notice it says ‘Do Not Cut or Separate Forms on This Page’ under each of the forms. You can submit 3 different forms per sheet. So one could be for a home, the next for a car and the third for paying bills/debts.  All 3 forms must be for you, you can’t include another beneficiary on the same sheet.

You can however neatly cut the forms to create 3 separate sheets if you need to. (The forms say ‘Do Not Cut or Separate Forms on This Page’ but this isn’t an issue.)

What if I can’t get a hold of a 2021 1099-A because they’re out of print?

Please Note: Even though you can find PDF versions online, these are not scannable triplicates so cannot be used for this process.

You may also be able to obtain a 1099-A with a blank year that you can write in the current tax year.
Some sellers on eBay offer them.

Do I have to file my 1099-A offline or can I do it online?

No, you can no longer do it online.  You must send us a hard copy of your completed 1099-A form(s) for this method.  The address is below.

The forms can be obtained from the IRS here.  It can take several weeks to receive the forms.

Alternatively, the UPS Store will laser print them from the IRS website and they are scannable. They charge $0.49 for 3 sheets, they also laser print all your information on the forms for an additional $10.

You can send the completed form(s) (Copies A,B & C – DO NOT separate them) and a covering letter with your contact details to Jarrett Realty Investors at:

Jarrett Realty Investors
900 Bugg Ln Ste 110A Unit 645
San Marcos, Texas 78667

Important: Send certified mail/tracked so you know when we have received them.

How do I autograph my name as beneficiary?

First-Middle: Last, Beneficiary is the most common way but here are some examples if you can’t use this configuration:

First: Last, Beneficiary
First-Middle-Middle: Last, Beneficiary
First-Middle: Last-Last, Beneficiary
First-Middle II: Last, Beneficiary
First-Middle Jr: Last, Beneficiary

If you don’t have room to write the full word ‘Beneficiary’, the abbreviation is ‘BENE’.

The beneficiary signature is important on the back as it identifies the living beneficiary as the one making the request from the strawman account number.

If I’ve already filed online, do I need to follow up with a hard copy of the 1099-A?

Yes, this is imperative.  Make sure the details on the form are identical to the one you submitted online (unless you need to correct an error). Either way, you need to check the ‘CORRECTED’ box at the top of the form to avoid duplication.

If you left the TIN box empty when filing online because you don’t have a Social Security Number, add your country’s equivalent on the hard copy (i.e. National Insurance number for the UK).

You must autograph your beneficiary name on the back of copy A. Do not remove the perforated edge on the left.  Lift copy A using the right-hand edge to autograph the back of copy A. DO NOT autograph copy B or C. See the instructions here.

On the hard copy of the 1099-A there are 3 forms per sheet, how does that work?

You’ll notice it says ‘Do Not Cut or Separate Forms on This Page’ under each of the forms. You can submit 3 different forms per sheet. So one could be for a home, the next for a car and the third for paying bills/debts. All 3 forms must be for you, you can’t include another beneficiary on the same sheet.

Do I have to file my 1099-A online or can I do it offline?

Yes, you can do it offline, the forms can be obtained from the IRS here . It can take several weeks to receive the forms. You can send the completed form(s) and a covering letter with your contact details to Jarrett Realty Investors at:

Jarrett Realty Investors
900 Bugg Ln Ste 110A Unit 645
San Marcos, Texas 78667

Below are two examples of how to fill the 1099-A forms out. One is for a property purchase, the other is for paying bills. You must sign your beneficiary name on the back of copy A. Do not remove the perforated edge on the left. Lift copy A using the right hand edge to sign the back of copy A.


Can I use the 1099-A to buy gold, silver, currency or crypto?

No, it can only be used to buy personal property and services that are deemed to be needs, not wants.

Can I use more than one trustee to buy multiple vehicles/properties in the same year?

Not only is using multiple trustees to buy multiple houses, etc. fraud, it is considered fleecing the trust and will get you, the beneficiary into trouble.

Can I work with more than one trustee?

Yes, but with caution. You can work with one trustee to buy a house and another to buy a car but not two trustees to buy two cars, for example.

Can I buy a home/vehicle and then quickly sell it to make some cash?

If you ever get audited and you haven’t kept the property for at least 6 months, it might cause you issues.

Can I buy a home/vehicle for someone else?

Nope. Get them to file the 1099-A for themselves. The only exception to this is buying a vehicle for a dependent under the age of 18 and then gifting it to them.

Can you teach me how to become a trustee?

Not yet, we need to have proof of concept and streamline the process first then we will be working on creating a network of trustees.

To become a professional trustee you will need to setup an LLC and obtain an EIN from the IRS.

Anyone can act as a trustee for you as long as they aren’t your spouse. They will need to know what they’re getting into as they will have to remain compliant with trust law.

Can you educate my realtor/car dealer for me on the 1099-A process?

Not yet, we need to have proof of concept and streamline the process first then we will be working on creating a network of trusted dealers/realtors.

Can I use the 1099-A to make a purchase from my own business/fund my business?

No, this is trust fraud.

Can my spouse file a separate 1099-A for his/her own property/vehicle or are our trusts treated as one since we are married?

Your Cesti Que Vie trusts are separate in this regard so he/she can file separately for his/her own home and vehicle.

Can I act as the trustee for my spouse/family member?

A married couple has their trusts joined by the state so cannot be each other’s trustees. However a friend, sibling or adult child, father, mother, uncle, etc. can be trustee to a family member.

Should I put earnest money/a deposit down to secure a property before filing/receiving funds?

Absolutely not.  You could risk losing your money if the funds aren’t approved or take longer than anticipated.  It’s better to file an amount that you think will comfortably buy you a home in the area you want to live in.  Once you receive the funds you can buy something to suit that budget.

Can you provide proof of funds in advance of receiving them?

If a realtor is asking for proof of funds, this is illegal in the USA.  But given the market and competition for houses, they often won’t show you the property without this.  It’s best to wait until we have received your funds before making an offer on a property.

Can I file a 1099-A in my name but use the funds to pay off a friend/family member’s debts or buy them property?

No, the funds have to be used for your personal use only. Get them to file a 1099-A themselves (with your assistance).

Can I file the 1099-A for someone else?

No, they have to file it themselves. You can assist them but you can’t file on behalf of
somebody else.

What if I don’t have a Social Security Number?

If you’re not a U.S. citizen, you may need to apply for an ITIN first using a W-7 form which takes 16 – 18 weeks. Instructions are here.

We have been testing using the equivalent of a SSN on the forms. So for a British Citizen, use the National Insurance Number, for example. (We will know whether this method works by the end of 2022.)

Can I use the 1099-A to pay bills and debts?

Absolutely as long as the amount is over $600. It’s best if you attempt this directly yourself first using the 1099-A rather than involving Jarrett Realty Investors.

As an example, there’s a covering letter template for Verizon in the files section of the Telegram group . This can be adapted for any bank or utility company.

The process for paying bills/debts differs slightly in that you are the lender instead of the United States Treasury and the borrower is the company you are paying off, i.e Verizon (see the example here).

If your 1099-A is ignored by the company and your follow up letters haven’t worked, you can use us as the trustee and add the 5% fee. We will send the company the payment once we receive funds from your trust. You must keep paying your bills in the meantime .

Can you help me to set up a Private Trust to protect my assets?

Yes, we have some expert contacts on this who can help. We can discuss this once you close on the property.

How do I avoid paying property taxes on the home I purchase?

We can work with you to get allodial title for the property and a Land Patent so that you own the property absolutely and not just the title. We can discuss this once you close on the property.

Can I use the 1099-A to pay tax liabilities?

Yes, you can.

Do I have to pay tax on the funds received from the trust?

Please note, we are not tax or financial advisors. The funds are paid directly to the suppliers/vendors not you, so you aren’t receiving the funds directly.

Do I need to use my birth name/maiden name when filing?

Use the name that’s on your social security card/married name.

Should I set up a beneficiary bank account?

You can, but it’s not essential. To do this open a new checking account and sign your name as follows on the application: First-Middle: Last, Beneficiary.

What do I put in box 2 of the 1099-A form?

This is where you add all your extras to the purchase price. So in the example of buying a house, you add the 5% trustee fee to the purchase price of the home. [Multiply the purchase price of the home by 1.05]. Then add closing costs, home insurance, moving costs,
renovations, interior design, furniture, linens, solar, emergency generators, landscaping, outbuilding construction etc.

The amount in Box 2 will always be higher than the amount in Box 4.

What can I include when purchasing a vehicle?

On top of the purchase price, add registration fees, insurance for the year, a prepaid fuel card, extended warranty, roadside assistance, servicing package, optional extras i.e. theft tracking subscription, roof bars, snow tires etc. And of course, remember to add the 5% trustee fee to the purchase price. See the checklist below for more ideas.

Add the total of the items together and add it to the list price of the vehicle. Enter the total $ amount in Box 2 of the 1099-A. Here’s a handy spreadsheet template to help you calculate the costs.

What can I include when purchasing a house?

On top of the purchase price, add the closing costs, home insurance, moving costs, renovations, interior design, furniture, linens, solar, emergency generators, landscaping, outbuilding construction. And of course, remember to add the 5% trustee fee to the purchase
price.

See the checklist below for more ideas.

Add the total of the items together and add it to the purchase price of the property. Enter the
total $ amount in Box 2 of the 1099-A. Here’s a handy spreadsheet template to help you calculate the costs.

What if there’s money left over after everyone has been paid?

You can receive up to 20% of the amount that you entered into Box 2 of the 1099-A form paid directly to you but only after everyone else has been paid.

If there is more than 20% remaining you will need to find something else to purchase that relates to what you entered in Box 5 from the original 1099-A filing.

Can I get paid the funds directly?

No, Jarrett Realty Investors are acting as the trustees and as such have to administer the funds diligently. We will send funds to whoever needs to be paid in relation to your filing, i.e. car dealership, lawyers, contractors.

What’s the minimum amount I can use the 1099-A for?

You can use the 1099-A for anything over $600 that’s a personal benefit to you.

Can I pay my rent using a 1099-A?

Yes, if your landlord is willing to accept it and wait up to 120 business days for the funds.  You can also use a trustee like us and we will pay the rent for you once the funds are received.

Complete the 1099-A in the same manner as purchasing a house or car, not paying a debt to a bank, credit card or utility company.

As a Sovereign, you absolutely deserve to own your own home so you should file a 1099-A to purchase a home too.

Can I pay off my mortgage using a 1099-A?

Yes, see the example below for paying bills/debts.

Other than a home and a car, what else can I buy using a 1099-A?

Anything over $600 that’s deemed beneficial to you, the beneficiary.  You can buy an RV, caravan or boat, sure.  But be modest and don’t draw attention to yourself.  Questions are going to be asked if you suddenly own a super yacht out of nowhere.

Remember, everything you buy becomes a responsibility and a liability so you have to think about how you’re going to maintain and manage your purchases in the future.

It’s our job as a trustee to make sure the funds are being spent wisely and in accordance with Trust Law.  If you’re going to act like a lottery winner and go on a multi-million dollar spending spree, then we aren’t going to be a good fit for working together.

Here are some other ideas on what you can file a 1099-A for.

If there are any funds remaining after everyone has been paid, you can receive these directly as long as they are not in excess of 20% of the amount entered into Box 2 of the 1099-A form.  These may be taxable but speak to a qualified professional about this.

What’s the maximum allowable purchase price for a vehicle?

In theory, there is no limit since your trust likely exceeds the cost of any super car but we’re not going to accept outlandish filings. Be modest and don’t draw attention to yourself. Plus, expensive cars have expensive maintenance. We won’t work with you if you’re blatantly going beyond what would be deemed reasonable.

What’s the maximum allowable purchase price for a home?

Since we don’t know how much is in your trust, it’s hard to say. Just be sensible. Buying a $30m Beverly Hills mansion is going to raise alarm bells and get you audited. Plus, the more expensive the house, the more expensive they are to run and maintain. Be modest and keep it simple.

It will also depend on the area you’re looking to buy in. Manhattan prices are going to be wildly different to rural prices, for example.

How often can I buy a new vehicle/home using the 1099-A?

Once a year is fine. More often than that will likely trigger an audit which neither of us want.

Can I buy a rental investment property with a 1099-A?

Yes, but we recommend you buy a home first and then build up your assets each year. You can buy one house per trust per year.  Buying an apartment block from the get-go is going to raise suspicion and get us both audited.

Can I buy a business with a 1099-A?

No, the trust is for personal use only. The only exception is a working farm that you live on.

Do I need to declare my sovereignty to be able benefit from my trust?

No, you need to know who you are i.e. a living man/woman on the soil but there’s no requirement to file any paperwork like the UCC, for example. Having said that, it certainly won’t hurt the process if you have already declared your sovereignty.

Can I pay Jarrett Realty Investors to speed up the process?

No, the forms are filed in the order received with the exception of urgent cases for homelessness, foreclosure, repossession or eviction.

What if I make a mistake on my 1099-A form?

If the IRS has already received your form(s), you can send us a corrected version to file on your behalf. (Send it directly to the IRS is you have not used us as the trustee for the form you’re correcting.)

Complete the form using black ink only so your form can be scanned by the IRS.

Important: You must autograph your beneficiary name on the back edge of copy A. Do not remove the perforated edge on the left.  Lift copy A using the right-hand edge to autograph the back of copy A.  DO NOT autograph copy B or C. See the example below

Scan/photograph your completed form front and back for your records.

Should I chase Tara/Drew if I haven’t heard from them?

We know you’re excited to get the process started and receive your funds but the more you bug them the more it slows down the process for you and everyone else. It’s best to leave them to focus on processing the filings. If you’ve watched all the videos and still have questions keep reading this e-book or ask in the Telegram group .

If your question isn’t getting answered, ask an admin directly. To find an admin for the Telegram group, search the list of members and the admins will be marked as such. You can also join one of the regular live YouTube broadcasts to ask questions.

Why do I have to sign an agreement with Jarrett Realty Investors?

We need an agreement in place to act as your trustees. This method of using the 1099-A only works with a trustee in place. Without this we can’t move forward.

Why do Jarrett Realty Investors charge a 5% fee?

This is to cover the filing process and the administration of the funds. The fiduciary responsibility of being the trustee is onerous and needs to be handled diligently.  The real work starts once funds are received and the funds need to be dispersed to multiple parties.

We don’t ask for any money in advance other than a one-off $10 admin fee to cover the cost of envelopes, printing and postage. (See here for further instructions on this.)

If you’re contacted by anyone posing as us asking for money in advance or offering investments in crypto etc. it’s a scam. Telegram is rife with fraudsters. We do our best to eliminate them but they are relentless.

Why do I need a trustee?

As the beneficiary, you need to have a trustee. This can either be a 3rd-party like Jarrett Realty
Investors or the vendor of the property you are trying to buy. Since most vendors don’t
understand the process, it’s often easier to appoint a 3rd-party trustee.

Still have questions?

Go back and watch the videos on our YouTube channel and jump on the next live Q & A call if you need something specific answered.  Please put the time into doing this, the Telegram chat is getting busier by the day and having the feed clogged up with questions that have been answered here or in the videos is tedious for the admins and deters other users from remaining active in the group.