A company sent me a form to disclose the Type of Entity (Taxable or Tax Exempt) for tax purposes. If I select the type “Other” under either Section, I have to give the reason, including the applicable Section of the Federal Tax Code under which I am claiming the exemption, if I am claiming non-taxable status. What should I put?
I’ve been studying the income tax issue from various sources, and as of yet, I cannot find the Federal Register record number that incorporates a requirement for individuals or for private trust contracts to make an income tax return. Perhaps you can check “other” on the form, and simply state that no one has been able to find theFederal Register Tax Code that stipulates a private trust contract must provide tax information – – and thus your private trust contract is a tax exception.
Also, the applicable section of the Federal Tax Code is referred to in IRS LTR OC 73301 85-200000 00 000 H 00025, citing “No Return Filing Requirement”.
The NLT is Not a privilege granted by any government, but rather is a constitutional contract. If you file a 1041 for a private contract trust, you are giving up your 4th and 5th amendment rights.