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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: ROB who wrote (16)	2/15/1998 5:24:00 PM
From: Satyr	Read Replies (1) \| Respond to of 1383

Could you please post a site that might be able to give me some info on that idea. Your help would be appreciated. It is certainly a interesting idea. Thanks Satyr

To: ROB who wrote (16)	2/15/1998 7:13:00 PM
From: Street Walker	Read Replies (1) \| Respond to of 1383

[Pure Trust.........most radical, effective way] Rob, thanks for alerting to this strategy. Give us some details: What is a "pure trust"? How does a "PURE Trust" differ from other trusts? How does one set one up? How much does it cost to set one up, along with maintenance and management fees? Please give other info that you think we will need to help us in this endeavor. Regards, S.W.

To: ROB who wrote (16)	2/15/1998 11:16:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 1383

ROB, You likely have been scammed. The Family Estate Trust a/k/a the Pure Trust a/k/a Constitutional Trust a/k/a Equity Trust is a Scam. . The purpose of the trust is to lure people into paying a "trust package fee" for somewhere between $2,000 and $5,000. . Typcially the promoter will lie to you - saying you may now assign your income to either another person or to a trust and therefore escape taxation. Some top that whopper off with another lie that the trust can then use this income stream to pay the grantor's living expenses! . Many of the best of these were peddled by Courtney Smith and Dr. Martin A. Larsen. For the last ten years of his life, Mr. Larsen reiterated his mistake in promoting these Trusts in his weekly column in The Spotlight newspaper. I'd venture to say that most Pure Trusts peddled today, in one form or another, come from these original Spotlight Trusts. . Bottom line is the Pure trust is a Tax protestor Scheme and while you MAY get away with paying no taxes, it will be because you have not been detected or "caught". Anyone can evade taxes... just stop filing, or just underreport income. It's standing up to IRS AUDIT that counts! . BTW, re-read that IRS letter you got. The IRS does not go around writing letters stating that "you have been erased from their records". The IRS also does not lawfully say that you "are no longer required to file" All they may state is that for a specific past filing year you WERE not required to file. . The IRS would never say "a Pure trust has no filing requirements" (look up Rev Ruling 75-257, 75-258, 79-324, 80-321 etc.) unless you mean that in effect a Pure trust is a SCAM and does not exist - in that case, YES a non-existent trust does not file form 1041 Good luck... . Colin .