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Those who Miss Trust- The true purpose of the 98 number and Private Status

  • Broadcast in Education
High Frequency Radio Network

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Lincoln Movie  Fast Forward to 1:08:29 to hear General Grant tell the Southern Delegation about Authority of Private Citizen.

Onc again there are many individuals out there under the impression that receiving a foreign entity number (98) in some way will automatically free them from the system. ANy CPA will tell you that the only reason so many people get away with using certain identifiers in an incorrect way is becuase the IRS is woefully understaffed and unable to audit all of the applicants that receive numbers from them.

A foreign Trust has to be administered properly. The average iindivdual who does not have assets or does not make a significant sum of money will probably never come across the radar of the iRS. But for those who do have something to lose you would be wise to study FORM vs SUBSTANCE

Also, I will be reviewing this case to help listenes get a better understanding of the difference between PUBLIC AND PRIVATE.