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compassion

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  • Birthday 11/19/1948

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  1. Iraq was admitted to the League of Nations on October 13, 1932, as a sovereign state,
  2. We are talking about a Family Estate Trust.
  3. Questions: (1) How are transfers into the trust free from tax? Capitalization is not a taxable event. (Answer) We don’t transfer, we capitalize if you choose. (2) Most other trust in IRS regulations (except Charitable Remainder Trusts) tax transfers in as a gift. (Answer) True, transfers and Gifts are a taxable event, Capitalization is not a taxable event. Capitalization is not trust rule. It is a business rule. Anyone can capitalize a business or entity without causing a taxable event. Is there an IRS revenue ruling approving the tax-free transfer as "capitalization"? (Answer) No, nothing is TAX FREE, however, if the trust qualifies, which our attorney says our trust does, through the correct use of the law and the tax code, you can capitalize any entity without a taxable event. The proprietary documents necessary to do this is included in each Copyrighted Spendthrift Trust. (3) IRS regulations and the IRS usually attack irrevocable trusts where there is not complete separation between the grantor, trustee, and beneficiaries. (Answer) True. The separation is absolutely necessary or the trustee would lose discretionary powers. A non discretionary trust is one where the Trustee does NOT MAKE ALL THE DECISIONS CONCERNING THE TRUST. A Trustee can lose his/her discretionary powers and therefore lose the tax advantages. The A trust is a discretionary trust. Discretion is the key. (4) How does a transfer to a Settlor who has nothing further to do with Trust operation provide evidence that the grantor is not controlling the trust by acting as Trustee? We don’t transfer to a Settlor. The Settlor transfers Management to the Trustee. The proprietary documents are included as a part of the Copyrighted Spendthrift Trust. (5) Income generated by the trust such as by its selling dinar, is not taxable because it is "deferred." Funds converted from Dinar to Dollars are TAXABLE when the funds are paid OUT of the trust. (Answer) All of this is at the absolute discretion of the Trustee as to when and how much is paid out of the trust. When the funds come out of the trust, the funds are taxed as ordinary income to the person or entity receiving the funds. Is that because it is capitalized? How long is the deferral, and when is the income taxed? See above. Is it taxed only to the extent the Trust itself generates taxable income, or is there some other method of deferral? (Answer) If the Trustee chooses, funds coming into this kind of trust can be deferred until paid out to the Beneficiaries, salaries or draws to the trustees or funds paid to others for products or services to the trust. (6) Has the IRS ever challenged such a trust and it was upheld? (Answer) The IRS does not tell us their business. I have no knowledge of one of these trust ever being challenged by the IRS. This is not something the IRS does if the trust has a legal opinion attached to it, which this copyrighted trust has. Civil courts do challenge these trust if the Trustee were to lose the discretionary powers by not keeping complete separation between the Settlor, Trustees and Beneficiaries. www.911trust.com
  4. Have you heard that Snopes is a leftist, liberal posting site that twists the truth, which has been documented? Just in case you want to put your faith in them as well! I don't, I put my faith in JESUS CHRIST! Blessings, lar
  5. First off, if you are looking at our media what you see on TV, you better know what they are pumping into this once great country of ours. Lock "N" Load! God Bless AMERICA!
  6. I THINK YOU BOYS NEED TO DO SOME MORE STUDYING OUT THERE! Now Shake hands and get the facts, post them, and Pray for his recovery, like our brother's keeper should, and his family. God's Grace and Love to you and you family, you are in my prayers!
  7. When you enter a Casino, and win, you agree to their terms! That is what this is all about. So you can play the "game" or you can not play their "Game". Nothing wrong with their premise, if you don't drink do you think it is unlawful for someone to purchase a liquor license, and agree to the terms and open a business, reportable to those they REQUESTED, "Voluntarily" , BUT IF YOU DON'T GET THIS POINT, you just don't get it. Pray about it, you will see it! God' Grace and Love to you and your families, you are in my prayers! Merry CHRISTmas!
  8. He is only 3 hours from home. Has to keep busy you know! Bringing out a new nation which will be an amazing country does take a little work. All is well! When this happens it will be "Right on Time!" God's Grace and Love to you and your family, you are in my prayers!
  9. Many feel a substantial RV would be impossible when based on the CBIfinancial... Many feel a substantial RV would be impossible when based on the CBIfinancial reports. However, I have to ask; when the circumstances change,(ie, Chapter 7lifted, all outstanding funds released back to Iraq, oil freely sold without restraint), would not those reports also change? Consider for just a moment that Iraq exports were increased closer to their current production rate. Then consider the idea that Iraq could use the funds (being held in escrow, foreign bank accounts, ect) for their Agricultural infrastructure and Private sector. Add in the increased value of their RVed currency (things are then a lot cheaper), and is it so hard to believe that this country (Iraq), can be the wealthiest country in the world?? The ONLY thing that is preventing this country from
  10. He will be charging $150 per million Dinars, sorry. THAT is very cheap!
  11. Waxahachi (sorry about the spelling) you will be able to cash your dinars there. Go to www.DinarTrade.com and click on sell dinar. Ali will be opening up soon. Will have plenty of time. Blessings, lar
  12. I would agree with you. Now, let's add the IRC 1256 into this equation. If the IRC 1256 Election is just that, an election, something I elect to take, as they have given this alternative as well, what are your thoughts on this TaxGuy? And thank you for these interesting posts. Lot easier than going to the books right now. And I WILL ask my tax professional as well, but nice to have a little basic understanding of the words used so we can get a grip on this. God's Grace and Love, you are in my prayers! Blessings, lar
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