FixTax.info cautions you to please be cautious about entering into the latest tax scams. Avoid getting caught up in a new tax fraud disguised as a debt payment option for credit cards or mortgage debt. The fraud is also marketed as a way to reduce taxes or pay outstanding tax liabilities.

It involves the filing of Form 1099-OID, Original Issue Discount, and/or bogus financial instruments such
as bonded promissory notes or sight drafts. Always use trusted professionals for credit repair or tax debt settlements. The fraud has evolved from an earlier frivolous argument that a “strawman” bank account has been created at the Treasury Department for each U.S. citizen, and that individuals could use such “strawman” accounts Continue reading →