Posts by ftsig-admin
Comparison of Business Entity Types
SOURCE: Creating and Running a Business, Trust, or Estate, Form #09.079, Section 6.2 Type of Business Sole Proprietorship Partnerships Corporations Limited Liability Company Trust General Limited C Corp S Corp Definition A business owned and operated by one person for profit. Two or more people who jointly own or operate a business for profit Two…
Read MoreFAQ: What is the difference between this website and SEDM?
QUESTION: Your site has a few links to SEDM. What is the difference in approach between this website and SEDM? ANSWER:
Read MoreDEFINITIONS: “Foreign Person”
WRITING CONVENTIONS ON THIS SITE DEALING WITH “Foreign Persons”: Writing Conventions on This WebsiteSection 7: Foreign Personhttps://ftsig.org/introduction/writing-conventions-on-this-website/#7._Foreign_Person 7. Foreign Person There is LOTS of government equivocation surrounding the term “foreign” as indicated in the previous section. There is JUST as much equivocation by going on with the term “foreign person” because it can be used…
Read MoreLawfully Avoiding Foreign Person Withholding
TABLE OF CONTENTS: 1. Introduction Privileged “U.S. persons” are not subject to withholding or reporting under 26 U.S.C. §1441, but “foreignP personsPUB” can be. This is a trick to get you to “elect” the DOMESTIC “U.S. person” status under 26 U.S.C. §7701(a)(30) and to scare you away from being “foreign” but not a “person” status…
Read MorePROOF OF FACTS: There is NO LAW that permits an American National as a Nonresident Alien to Elect to be a U.S. person if they are NOT married to one
If all citizens of foreign nations can participate in the tax system, then so can ALL citizens of the nation of the United States. HOWEVER, in the famous U.S. Supreme Court case of Cook v. Tait, 265 U.S. 47 (1924) heard by no less than former President Taft, SCOTUS acknowledged the ability of ANYONE, including an American…
Read MoreDEFINITIONS: “United States”
EDITORIAL: For a procedure to discern what “United States” is implied in any statute, regulation, or court ruling, see: HOW TO: Techniques for discerning the context for statutory “United States” as either United StatesG (Geographical) or United StatesJ (Legal), FTSIGhttps://ftsig.org/how-to-techniques-for-discerning-the-context-for-statutory-united-states/ Our position is that “United States” is used in the geographical sense (United StatesG) the…
Read MoreDEFINITIONS: “Foreign”
Writing Conventions On This Website 6. Foreign There are TWO types of “foreign” you can be. Below is the symbology we use on this site for each: Note the central role of NATIONALITY and DOMICILE in determining what type of FOREIGN you are. We discuss the basis for each of these two components in: Nationality…
Read MoreDEFINITIONS: “Domestic”
EDITORIAL: DomesticC is the unspoken default scenario throughout the IRC. This confusion is deliberate. The term “domestic” has the following contexts on this site: This approach is based upon: 26 U.S.C. 7701(a)(4): Domestic It’s very clear, by the context, that in the definition of “Domestic” in 26 U.S.C. §7701(a)(4), “United States” refers to United StatesGOV. The second usage…
Read MoreCatalog of Elections and Entity Types in the Internal Revenue Code
TABLE OF CONTENTS: The Bible on “elections”: For false Christs [false KINGS or RULERS] and false prophets will rise and show great signs and wonders to deceive, if possible, even the elect.[Matthew 24:24, Bible, NKJV] Notice that word “elect”. It is synonymous with “FAITH” or TRUST in God only in the Christian realm. When you make an…
Read MoreGetting Work as a Nonresident Alien
1. Introduction The human resources field treats “employees” like cattle who are given few options for how to structure their relationship with the company. Consequently, the optimum arrangement is to: If you are unfortunate enough that you are forced to deal with companies offering work as “government cattle” called an “employee”, your life will be…
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