If this is the wrong place to ask please move to appropriate catagory

I've been doing a lot of reading in places people dare to go lol the bill of exchange act, federal reserve act, IRS acts and so on. Anyway, I need someone to explain to me in simple terms about how the 1041, 1099OID, 8281, 1096 and 1040v all tie together. What I, reading is when we pay or debt each month were not going back and claiming it as our own and at the end of 3 years whomever we have paid goes back and files a 1099a as if we abandoned our own credits and that credit rightfully belongs to us

Now, if your reading this and go huh? You probably have no clue what I'm talking about lol. Hopefully so,one does and has filed these that can shed some incite. If I'm missing a form please tell me.

Bottom line all our debts are paid for the minute we use our autograph. So let's look at a mortgage. We sign at the title company. Within minutes, hours of just a few days the mortgage is paid off in FULL ( not a duscussion for this hoard ) do, let's say our mortgage pay,net is $1000 a month. When we pay the $1000 the mortgage company (on the books) remember there is no money even when I use terms like money or $$ (it's just easier to understand when I say money) anyways, we pay the, $1000 and since the mortgage is already paid in full after making these payments at the end of the year the mortgage company or ANY debt collector files a 1099a because we didn't file our own forms claiming the money we sent in. By filing a 1040 each year we can only go back 3 years and get what's ours. If our accountant would have only told us to file a 1041 we could have went back as many years as we wanted to.

Now that I've explained how this deception works has anyone ever filed any forms like the ones I've mentioned that can lend some assistance

Thanks

Seriously no one knows how to close the gap here?

Let try to make it easier. You send a 1099a. Part b goes to the creditor and part a goes to the IRS.? Is this correct?

Do you need to fill out a 1096?

How do you know your 1099a had been accepted and corrected?

Do I need to fill out any additional forms?

Thanks