Frequently Asked Questions

Yes! Properly redeeming lawful money on tax returns lawfully reduces income tax liability to $0

Yes! In 90%+ of filings refunds are issued without additional correspondence. The others require one or two additional letters to get resolved.

It’s better than legal, its LAWFUL! Redeeming lawful money is not a loophole and is not tax evasion - its legal tax avoidance. Redeeming lawful money requires a manual auditor to review and accept the paperwork. There are no loopholes, just proper documentation and acceptance from a human tax agency auditor.

We are documenting the demand for lawful money within the state and federal income tax return filings. No additional filing with a CPA or tax software is needed.

Loot Counsel is not a CPA firm, law firm, or licensed tax advisory practice. We operate as a Private Membership Association with a ministerial foundation under Section 508(c)(1)(A) of the Internal Revenue Code.

Unlike traditional CPA firms, which offer a broad range of accounting, tax, and financial advisory services, Loot Counsel focuses specifically on assisting its Members with the documentation and preparation of lawful money redemption filings.

Our role is administrative and ministerial. We organize financial records, prepare documentation, assemble filing packets, and assist Members with related correspondence.

We do not provide legal representation, CPA services, or regulated financial advice. Members retain responsibility for reviewing, authorizing, autographing, and submitting their own filings.

Our purpose is simple: to make lawful money redemption documentation accessible to our members without requiring them to navigate the preparation process alone.

Standard income documents needed for preparing tax returns; W2s, 1099s, etc. as well as individual documentation for each instance of income received that makes up the annual income total (check stubs, check images, direct deposit screenshots, etc.)

Loot Counsel members contribute 2% of their earned income per federal filing and 1% of earned income per state filing. In return, they recover 100% of their federal and state income taxes - That's usually 15-40% of their income!

Each federal and state filing requires a minimum membership contribution of $500 each to begin the filing process and that goes towards the final contribution amount.

If a refund is being claimed, the remaining membership contribution is due once the refund has been received. If taxes were not prepaid, and no refund is expected, the remainder of the membership contribution is due at time of preparation.

Your entire income, from all sources, that would otherwise be subject to deductions and taxation constitutes your earned income. Contributions to tax-deferred accounts, such as 401k, are not counted as earned income (and do not need to be redeemed in Lawful Money) until the withdraw period.

All federal reserve notes (U.S. dollars) can be redeemed in Lawful Money

We can amend and recover up to three years of past taxes

We can (and should) file all un-filed tax years. Refunds can be generated for the most recent three years. Beyond that, we can eliminate outstanding liabilities, but cannot recover refunds.

Your refunds will be held to pay that debt first, then they send you the remainder.

No, only State and Federal income taxes are returned. Other deductions like social security, Medicare, etc. are unaffected.

Most commonly refunds take 4-6 weeks, but as it is a manual review, it occasionally takes several months. Amending old filings generally take 12-16 weeks, and sometimes up to a year.

Loot Counsel provides guidance on exact steps to take, and when written correspondence is required, Loot Counsel prepares the letter(s) for the member.