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Trusts and the 26 USC sec. 643 loophole DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Trusts and the 26 USC sec. 643 loophole

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Trusts and the 26 USC sec. 643 loophole Empty Trusts and the 26 USC sec. 643 loophole

Post by Guest Sun Mar 31, 2013 11:56 am

Trusts that are qualified under 26 USC sec. 643 are simple irrevocable trusts, where you as the Settlor has control over the assets through veto powers over the trustee's decisions. 26 USC sec. 643 allow for the deduction of the sale of capital assets against income and capital gains taxes, but not against income taxes due on the normal course of business activity.
An example of a capital asset is the trust purchases a house and hold it for a while and then sale it, but if you buy homes and fix them up to flip is considered normal course of business. Another example is you purchase Dinar hold it in the trust and then realize a gain is exempt from income taxes and capital gains under sec. 643, but if the trust is involved in forex trading or the buy and sale of Dinar that would be the normal course of business, wherein the taxes would be due.
The only down fall of the sec. 643 exception is you cannot make beneficiary distributions or the gain cannot be required to distributed to beneficiaries in the same taxable year, but the trust can do all the investing and re-investing and pay all trust expenses it wants during the same taxable year.

26 USC sec. 643:


(a) Distributable net income

For purposes of this part, the term “distributable net income” means, with respect to any taxable year, the taxable income of the estate or trust computed with the following modifications


(3) Capital gains and losses

Gains from the sale or exchange of capital assets shall be excluded to the extent that such gains are allocated to corpus and are not

(A) paid, credited, or required to be distributed to any beneficiary during the taxable year, or

(B) paid, permanently set aside, or to be used for the purposes specified in section 642(c). Losses from the sale or exchange of capital assets shall be excluded, except to the extent such losses are taken into account in determining the amount of gains
from the sale or exchange of capital assets which are paid, credited, or required to be distributed to any beneficiary during the taxable year
. The exclusion under section 1202 shall not be taken into account.

Read more at www.asset-protection-101.com under articles and blogs


Last edited by AJAnderson on Thu Apr 04, 2013 9:04 am; edited 1 time in total

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Post by Kevind53 Sun Mar 31, 2013 4:25 pm

Hey AJ,

Speaking of Asset Protection 101, did you ever get the "bugs" ironed out Kindle wise or is it still PDF only?

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865
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Post by Guest Sun Mar 31, 2013 4:30 pm

Kevind53 wrote:Hey AJ,

Speaking of Asset Protection 101, did you ever get the "bugs" ironed out Kindle wise or is it still PDF only?
The Book is PDF and everything else is on DVD, including the book. There are recorded live classes now available.
Thanks,
AJ

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Post by Kevind53 Sun Mar 31, 2013 4:43 pm

OK, well I will have to try and get caught up on everything. I have the PDF from way back when but PDF's just don't work well on a kindle device. I finally printed it out and put it in a binder.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865
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Post by Guest Sun Mar 31, 2013 6:39 pm

AJAnderson wrote:
Kevind53 wrote:Hey AJ,

Speaking of Asset Protection 101, did you ever get the "bugs" ironed out Kindle wise or is it still PDF only?
The Book is PDF and everything else is on DVD, including the book. There are recorded live classes now available.
Thanks,
AJ

Everything you did in the past, all that info is now on a dvd?

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Post by Guest Sun Mar 31, 2013 7:38 pm

punisher wrote:
AJAnderson wrote:
Kevind53 wrote:Hey AJ,

Speaking of Asset Protection 101, did you ever get the "bugs" ironed out Kindle wise or is it still PDF only?
The Book is PDF and everything else is on DVD, including the book. There are recorded live classes now available.
Thanks,
AJ

Everything you did in the past, all that info is now on a dvd?
Everything in the last year or so, in between and recently.
AJ

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Post by Guest Sun Mar 31, 2013 7:42 pm

Where can I order the dvd and how much is it?

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Post by Guest Sun Mar 31, 2013 8:50 pm

punisher wrote:Where can I order the dvd and how much is it?
www.asset-protection.101.com under the tab audio workshops. The cost is 129.95 plus shipping and handling. The DVD comes from a fulfillment house and is sent to your mailing location. I would like your imput on the pricing. I am not in control of that because of all the costs involved including the cost of the website and recording. That was all done by professional people. But, I personally think the cost is a little high, so if I can get your imput maybe I can talk them down a bit. With everything you recieve on the DVD you can set up all your own needs and know how to operate them, including templates in word and when it comes to a trust, the savings of the cap gains and income tax on the dinar, that alone is worth the price.
Thanks Punisher,
AJ

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Post by Guest Sun Mar 31, 2013 10:25 pm

Wow, that price is a bit high. I was thinking something along the lines of say $50-$60 dollars.

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Post by Guest Mon Apr 01, 2013 12:04 am

punisher wrote:Wow, that price is a bit high. I was thinking something along the lines of say $50-$60 dollars.
Really its a pitance compaired to what you get with this system and what others are selling. In fact, if you bought a trust from Jimbo or Jim Jenkins is his real name, you get his trust for $2000 and no information on how to operate it or even the information I post here for that matter from him. Others sale trusts for $4200 on other sites that give you some information about tax savings but never give you the code sections or even explain it to you, I know I listen in on the 3 sells calls from the other dinar sites.
My $129.95 DVD gives you everything you need to create a trust from the begining to the end, explains the tax savings and how to operate one. And since you have this in DVD form you can down load on to your computer or MP3 player and play it over and over again or simply listen from the DVD, I believe there is about 10 hours or more of explaination, questions and answers for trusts and LLCs on the DVD, plus my book and all the templates in word version. In all actuality one could start his or her own trust business from the DVD and have the best trust ever written.
Recently, my trust was compaired to other trusts out there on the market and the attorney came back and said, "the trust was brilliant".
I really do not want to sell trusts, what I want to do is get a product out there that people can afford and do it themselves. If you do not have enough people you trust to fill all the positions in the trust, I do offer myself for those positions. The cost for that is on my website and is way less than the cost of trusts mentioned above, where they offer no professional help in that area. Below are some of the professional help I offer. You can also find this on the website under the Expert Assistance tab.
AJ Anderson is available for expert assistance creating your trust(s) or defending them in a court of law. Here is a brief list of the areas where AJ can assist you:
Create a personalized trust or charitable remainder unitrust: $500 ($850 for two), which also includes me as the SPA and Protector Trustees.
Create a trust for those who purchase Audio Workshops DVD: $400
Review a trust created based on eBook and Audio Workshops DVD: $150
Review a trust created by others and fix problems: $250
Act as your Special Power of Appointment Trustee: $75
Act as your Protector Trustee: $75
To speak with AJ Anderson, please e-mail him and let him know when would be the best times to contact you, and he will call at his earliest convenience. E-mail aj@asset-protection-101.com . Be sure to include in the body of your e-mail the nature of your inquiry.
If you add the $500 price tag to have me create a trust to the cost of the DVD of $129.95, you are getting a qualified trust for less than anyone else's plan plus the DVD to listen to when you want, plus me as your SPA and Protector Trustees. If you create your own trust and use me as the SPA and Protector Trustees the cost to you is $429.95 an even more of a savings.
I do not believe there is anyone out there that can beat that price!
AJ

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Post by Guest Mon Apr 01, 2013 1:09 am

AJ, when you put it like that I can see your price not being bad at all. I'm pretty sure I will eventually order your dvd Smile

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Post by Guest Mon Apr 01, 2013 8:22 am

punisher wrote:AJ, when you put it like that I can see your price not being bad at all. I'm pretty sure I will eventually order your dvd Smile
I thought you might see it a little bit differant after I explained it a little more, but I am still going to work on the pricing with the guys on the other end. As I said I think the price is a little high as well. I am going to propose $69.95 to $100.
AJ

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Post by Guest Mon Apr 01, 2013 9:54 am

Thanks. Keep us updated please how that works out Smile

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Post by Kevind53 Mon Apr 01, 2013 11:01 am

It does seem pretty good in light of the discounts offered, although it does at first blush look little high. Problem is, from experience, people tend to just look at the initial price on something like this.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865
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Post by Guest Mon Apr 01, 2013 11:09 am

Kevind53 wrote:It does seem pretty good in light of the discounts offered, although it does at first blush look little high. Problem is, from experience, people tend to just look at the initial price on something like this.
Yes, and that is how I put it to the people in control who out voted me. The DVDs have been available for some time now and have really done nothing for sales. I believe they will see it my way now.

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Post by Guest Mon Apr 01, 2013 11:20 am

AJ, I have a feeling they might see things your way now. Money talks and they are not making much now.

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Post by Kevind53 Mon Apr 01, 2013 12:26 pm

That is why I see so many retirees with term insurance for final expenses. It is absolutely the wrong type of insurance for what they are doing, but they just look at the cost per month without understanding what they are getting. My conversion rate when I encounter those types of policies is close to 100% because once I explain to them what they have and what it will do in the future, they are aghast.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865  Trusts and the 26 USC sec. 643 loophole 2805820865
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Post by Guest Mon Apr 01, 2013 1:49 pm

Ok, I just got off the phone with the people in charge of the fullfillment and cost of the DVD and all attached thereto. They are in agreement that the price is to high. They are looking at the out of pocket cost and what that is. They are going to get back to me with the costs and decide what we could reduce the price to. We are think somewhere between 49.95 and 69.95 with free shipping and handling. AJ


Last edited by AJAnderson on Mon Apr 01, 2013 2:02 pm; edited 1 time in total

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Post by Guest Mon Apr 01, 2013 1:57 pm

AJ...you rule!

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Post by Guest Mon Apr 01, 2013 3:56 pm

Ok, I was able to get the price down to 49.95 plus 5.95 S&H. Read Below
http://www.asset-protection-101.com/audio-workshops.html

Trust Workshop Audio Files and
Asset Protection 101 e-Book
This product consists of a DVD that includes the following:


  • e-Book and Special Power of Appointment Trust Template
    AJ Anderson's e-Book "Asset Protection 101", which consists of .pdf files and templates in Word format, and includes the following:


  • [1] Asset Protection 101 (376 pages - .pdf) (see partial Table of Contents below)
  • [2] SPAT Qualified Trust Documents (40 pages - Word document)
  • [3] Spendthrift and Self Settled Trusts [specific to Iowa but useful in most states] (38 pages, .pdf)
  • [4] Nevada LLC template (Word document)
  • [5] Qualified Irrevocable Special Power of Appointment Asset Management Spendthrift Trust template (Word)
  • [6] Cook Island International Trust Act (1984) (Word document)
  • Audio Recordings and Templates
    Audio Recordings of AJ Anderson's 2012 and 2013 Trust Workshops, professionally recorded and edited:

  • 9+ hours of the best from 2-day Special Power of Appointment Trust Workshop, 3/16 - 3/18/2012
    2+ hours of the best from 1-day Charitable Remainder Unitrust Workshop, 6/10/2012
    3 hours of the best from 1-day 5x5 Rule Irrevocable Trust Workshop, 2/2/2013
    Template for Charitable Remainder Unitrust, in Word format
    Notes on Charitable Remainder Unitrusts
    Template and Notes on 5x5 Rule Irrevocable Trusts

    ORDER ONLINE
    Trust Workshop Audio files and e-book Asset Protection 101, as outlined above, is all contained on a single data DVD, designed for use in both PC and Macintosh computers. Orders are shipped directly from our fulfillment house, usually shipping within 24 hours of receipt of your order.
    Only $49.95 + S&H
    ($49.95 + $5.95 First Class Shipping & Handling = $55.90)

    Trusts and the 26 USC sec. 643 loophole BuyNowBlue1-100

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    Post by Horizon Mon Apr 01, 2013 4:01 pm

    Wow AJ ...good to see ya, long time no see you here!

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     Praise God for all things, and he will give us the desires of our hearts!
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    Trusts and the 26 USC sec. 643 loophole Empty Re: Trusts and the 26 USC sec. 643 loophole

    Post by Guest Mon Apr 01, 2013 4:13 pm

    horizon wrote:Wow AJ ...good to see ya, long time no see you here!

    Thanks horizon glad to see you as well. I will post as the articles come in now that I am brushed up again. AJ

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    Post by Guest Wed Apr 03, 2013 10:32 am

    AJ, can you send all the info you have in this thread in a PM to me so that when I am ready to order it I have the info...thanks.

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