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Whether you sell your home or a commercial real estate, the title company, escrow officer, or the attorney in charge of “closing” the sale will expect you to give them your Slave Surveillance Number (SSN) so they can report the proceeds of the sale to the IRS on a 1099-S form.
But does the law actually require these reports? If so, who does the law require to file IRS 1099-S forms?
In this presentation, Peymon will show you the official government sources of the law and explain in simple and clear terms who must file 1099-S forms and therefore, who is NOT authorized or required to file such forms.
Peymon, founder of Freedom Law School in 1996, grew up in totalitarian Iran and moved to the land of the free and the home of the brave at age 14. He found out Americans are not nearly so free and brave as he thought! Peymon has taught thousands of Americans what the laws actually say, not what the IRS or income tax preparers say the laws say!