Promissory Note Setup Form: Fill & Download for Free

I am on Medicare and even with Medicare the extra expenses are high. What is worse is that for things that are supposed to be covered - such as a yearly checkup done today - I had to sign a form promising to pay the balance. Nobody I spoke to at the clinic had any idea of what the final costs would be even if all medical work I have had in the last year has been in clinics or hospitals run by the same institution.In short it doesn’t work well.[edited to add]When the clinic called to setup the appointment I refused at first and they insisted this is ‘covered’, so who knows maybe it will be paid for, but still I had to sign what amounted to a promissory note with no amount written in.

You will need to contact your counties tax office and see what forms of payment they will accept. I would guess they would not accept a promissory note, but likely will accept a check (one time of negotiable instrument), and might be willing to setup a payment plan.

Hawala in simple word means “Money Laundering.”Hawala is an illegal money transfer from one country to another country in an illegal or illegitimate manner.It is a method of transferring money without any money actually moving i.e, no physical movement of money or cash.INTERPOL’s definition of hawala is ‘money transfer without money movement.’Hawala originated in South Asia during the 8th century and is used throughout the world today.Hawala is the transfer of money which is gained illegally i.e, Black Money.Black money is the one which is earned without any records i.e, illegal or wrongful means and without paying taxes.Another meaning of hawala is “trust.”It is also frequently referred to as underground banking because money launderers and terrorists take advantage of this system to transfer funds from one location to another.It is a secret system of money transfer.How hawala works :-Hawala is the informal means of transferring money across the globe.Transfer is done from one country to another country secretly.In hawala system, money is transferred via a network of hawala brokers.Hawala is also known as hundi means transfer or remittance.Hawala system is mainly done by politicians.It’s not the politicians who get into this work physically. It’s the hawala agents called Hawaladars or Hawala brokers who directly involve in this system.Hawala is an alternative remittance channel that exists outside of traditional banking systems.Transactions between hawala brokers are made without promissory notes because the system is heavily based on trust and the balancing of hawala brokers' books.The unique feature of the system is that no promissory instruments are exchanged between the hawala brokers.The transaction takes place entirely on the honour system. As the system does not depend on the legal enforceability of claims, it can operate even in the absence of a legal and juridical environment.Trust and extensive use of connections are the components that distinguish it from other remittance systems.Settlements of debts between hawala brokers will be in variety of forms such as cash, properties, goods, services, etc and need not take the form of direct cash transactions.In addition to commissions, hawala brokers often earn their profits through bypassing official exchange rates.Hawala dealers keep an informal journal to record all credit and debit transactions on their accounts.These hawala agents will have separate account.Generally, the funds enter the system in the source country's currency and leave the system in the recipient country's currency.It operates almost exclusively in South and West Asia and it is cheaper than the formal remittance services.Existence of Hawala transaction :-There are many reasons behind the existence of Hawala system.Converting the Indian rupee into a foreign currency. Indian Rupee is not fully convertible i.e, Indian rupee cannot be exchanged (above a limit) without the prior approval of the Reserve Bank of India and Government of India (also other departments like Income Tax, etc.).The money leaves the country without the knowledge of the regulators i.e, RBI, Income Tax, etc. which has an impact on the country’s economy.Impact of Hawala on India :-It has main impact on Country’s Economy.Hawala supports illegal activities in India namely :-Black Money :- As Hawala is an unregulated transaction, it is the most widely used route black money earned in India offshore.Corruption :- Hawala permits routing black money in and out of India and is widely used to pay bribes.Terror financing :- Hawala is mainly used by terrorist organizations to remit money in and out of India.Measures taken by GOI to curb Hawala :-During recent years, Government of India has introduced various measures to control the Hawala transactions.Measures are in the following :-Constitution of the Special Investigating Team on Black moneyIntroduction of Black money (Undisclosed Foreign Income & Assets) and Imposition of Tax Act, 2015Multi Agency group :- Setup by Ministry of Finance in 2016 to probe the Panama leaks involving Indian nationals. [But I haven’t seen any action taken against the names(high-profiled sharks) that are listed in Panama & also Paradise paper leaks]Crackdown by closing shell companiesDemonetisation of Indian currency notesMaking PAN number mandatory for cash transactions exceeding INR 50,000 in a dayEasing in processing of foreign currency transactions and reducing restrictions on convertibility of Indian rupee by RBI.In India, hawala cases are investigated by a Central government agency called Enforcement Directorate(ED).Hawala is banned by the Foreign Exchange Management Act (FEMA), 2000, and Prevention of Money Laundering Act (PMLA), 2002.In spite of the government introducing various measures to curb the Hawala transactions, it is difficult to completely eliminate Hawala transactions. Few reasons are listed below :-1. Indian rupee is not fully convertible. Indian rupee above a certain limited cannot be easily exchanged to a foreign currency. Individuals/ companies who require foreign currency use Hawala mode in order to buy them.2. Corruption still exists. Kickbacks are normally paid through the medium of Hawala transactions.3. Introduction of Bitcoin (cryptocurrency). With the massive changes in the world of technology, digital currencies are being introduced. As these are not regulated by the central banks it is another mode which is leading to increase in Hawala transactions.Thank You for reading