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LOVE NATION

Public • 19 • $25/m

6 contributions to LOVE NATION
"98" Trusts
Yes, you can get an EIN number that starts with "98" for ANY TYPE of foreign entity. Yet, its not the ONLY way to designate your foreign status. Its effective, yet its not THE ONLY way, nor is it the legally prescribed way to designate your foreign status. Technicslly speaking, in accordance with Federal Codes, the U.S.A puts Trusts through a court test, and a control test to determine its foreign or domestic status. Yet, the only 98 Trust that the IRS cares about are Trusts that are subject to the "1998 Foreign Trust Law". These are Trusts with at least 1 U.S. based owner... They pay taxes directly to the IRS. Yet, a "FOREIGN GRANTOR TRUST" is historically known to be a Trust in which the Grantor maintains ownership and is a foreign entity. Unlike a grantor trust, where the grantor is considered the owner of the trust property for tax purposes, a non-grantor trust is a separate legal and taxable entity. It has its own tax identification number (TIN) and files its own income tax return. So if they are recommending a "98 Grantor Trust" just know that is a non technical term to describe a "non-grantor" trust operating from a jurisdiction foreign to the U.S. that has been issued a tax ID nuber with a 98 prefix! Terminology means everything! "Overstand the Basics... Master the Matrix!"
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New comment 1d ago
"98" Trusts
0 likes • 1d
@Kiel Mansa how would I go about getting a foreign address to receive mail?
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Gratitude 💚🙏🏿
Transfer Vehicle to the Trust then...
Follow these steps to place a lien on the vehicle! Lienholder is The Trust!!!
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New comment 1d ago
Transfer Vehicle to the Trust then...
0 likes • 1d
Would you also be able to do it via ucc1 and putting the title number and vin down as the collateral? For an example put the debtor as FIRST MIDDLE LAST and for the secured party put the name of the trust
1 like • 1d
@Kiel Mansa Gotchu. I get it now. So because dealerships work with the dmv to issue a title for your vehicle. You can take control of that said vehicle by putting it into a trust so you not only control it but take the vehicle out of the ownership of the all caps name.
Commitments
Unity and Love Family. I hope all is well with everyone. On the Moonday be intentional with your energy. Tap into the divine feminine within you to enhance your intuition and discernment. Those are two very powerful spiritual gift to have while we navigate throughout our journey. Especially working on affairs. You can make better sound decisions when you thoroughly think before you put action behind what it is you want to bring into fruition.
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Foundation
Unity and Love Family. I hope all is well with everyone. On the Saturn energy cycle (Saturday) make it intentional to ground yourself in your being and participate in things like meditation, breathing exercises, high frequency music or beats, and things that allow you to recenter yourself from this past full energy cycle (week). Every cycle is a new cycle to move in-tune with self.
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A NU LIFE
Rise and shine family! Let’s take full advantage of the opportunity we have with another day at life to get a step closer to ultimate freedom! Remember you have dominion and authority over your life. That’s your God given right. Therefore, you’re meant to live how you see fit. WE ARE THE CREATORS, SO LETS CREATE!
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New comment 5d ago
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I second this message sistah 💚🙏🏿
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Joshua Seldon
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9points to level up
@joshua-seldon-7659
“Supercharge you imagination with affirmations to open the eye in your mind to infinite possibilities.” -Joshua Seldon©️

Active 3m ago
Joined Oct 31, 2024
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