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24
The and IRS
Filed Under Asset Protection, Assets, IRS, Income Taxes, Liens, Seizure, Taxes | 1 Comment
Did you ever notice: When you put the 2 words “The” and “IRS”
together it spells “Theirs.”
Jul
16
Good as Gold
Filed Under Asset Protection, Assets, Gold, IRS, Stupid Government Tricks, Taxes | Leave a Comment
“Kahre hadn’t committed a crime. He had upset the Internal Revenue Service by paying his workers based on the face value of gold and silver coins, versus the market value in the Federal Reserve system (the value of the coins in U.S. paper dollars). Even though the coins were in circulation, displayed a face value, and were regulated by Congress, the IRS’s confusing and endless tax code did not determine how to handle these gold and silver coins if used for payroll. The tax code only references dollars. It does not distinguish between coined money and paper money.”
The best tax man I know - Chief Chief - uses nothing but IRS publications to determine courses of action for his clients. I know why.
- much of the time, the IRS agents don’t even know or understand their more obscure regulations
- if he has beaten them with plain language, they cannot afford to have a court rule in his favor and let everyone take advantage of the loophole
So they leave him alone, at least for now.
May
28
Attacks on Gold
Filed Under Asset Protection, Assets, Gary North, Gold, Politics, Terrorism | Leave a Comment
The Next Attack on Gold Has Begun
by Gary North
“When governments want to expand power over the monetary system, they invoke the need to clamp down on money laundering by criminals. There is a problem here. After these laws and new rules are passed, crime never goes down, but our privacy does. That is a problem for us. It is not a problem for governments.”
“When a society’s monetary system is based exclusively on private contracts and voluntary exchange, civil governments find it difficult to make money by counterfeiting. They cannot directly control the monetary system. They can influence it through legislation and the courts by altering what constitutes a legally enforceable contract. The main interference here is a government’s decision to allow banks and private storage facilities to issue receipts – IOUs – for gold or silver that are not covered 100% by the quantity and fineness of the metal promised on the receipt. This violates private contract law. It authorizes fraud. It legalizes counterfeiting. But the government is not helped much by this interpretation of contracts. Banks and warehouse storage facilities are the main beneficiaries.”
My comments:
I have always liked owning gold. The problem is that I never had the same feel for its value when living in the U.S. In countries where gold is a valuable part of life, the value feels more real. Gold should be a part of each prudent individual’s assets. When governments want to prevent you from doing or owning something that does no harm to another individual, ask yourself why. It often means less freedom for you, and more power for the state.
Charles Lamm is a full-bodied scanner and junkyard philosopher whose blogs include the Asset Protection Iron Triangle, Virtual Joe Friday, and Live Free in an Unfree World.
May
17
The $10,000 Atlanta Houses
Filed Under Asset Protection, Assets, Housing, Property Taxes, Real Estate | Leave a Comment
According to Dr. Phil, “no matter how thin a pancake, it still has two sides”.
In asset protection, you have to build before you need to protect. Once you have built up assets, protection gets harder. A clever predator can wipe you out while your assets grow.
A opportunity is developing around the country. What is happening in Atlanta will happen in every major city.
Check this article by Gary North to see if this will be an avenue for you to asset accumulation:
The $10,000 Atlanta Houses
Apr
1
Asset Protection for Internet Businesses
Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, Internet Business, Joint Ventures, Limited Liability Companies, Losses, Trusts | 1 Comment
You may not know the many risks of doing business online. Let Mike protect you from the Internet risks. Then protect all of your assets with the Asset Protection Iron Triangle.
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Will Your Internet Business Be Destroyed?
Just a short note to drive home something that’s very important to how you do business online.
What you don’t know CAN hurt you.
You can have a very profitable website and still lose everything because you didn’t take the right steps to protect yourself.
As with the Asset Protection Iron Triangle, you have to be concerned if your online business is in your own name and vulnerable to attack. Mike takes it a step further and teaches Internet marketers how to protect their websites from being stolen or being burned in joint ventures.
Lawsuits. CyberTheft. Investigations…and worse.
Suddenly, everything you’ve worked so hard for is gone.
Now there’s a solution.
Attorney Mike Young, the Internet lawyer for many big online marketers, has written a great new how-to book called:
If you’re already a client of Mike’s, or have seen him speak at a seminar, you know that he provides practical solutions because he’s both an Internet lawyer AND an online marketer too. This means he’s one of us.
This book contains simple and easy steps you can take to reduce your risk of being sued or having the government come after you for breaking laws you didn’t know existed.
Mike also teaches you how to protect what you own online to prevent others from stealing your stuff and getting away with it. Just preventing one lawsuit alone will make this book the most important one you’ve read since you started doing business online.
In addition to this book being a must-read if you’re serious about doing business on the Web, Mike’s included six great bonuses so help you protect and grow your business.
The book’s foreword, written by Andy Bourland, should not be skipped. Andy describes how Mike helped him put together a new joint venture called “ClickBank University.” It will give you a flavor for what’s involved from a legal standpoint in putting together
your joint ventures the right way.
With the new year just around the corner, give yourself peace of mind like I did by getting a copy of this book by clicking here now:
http://beatdown.lawguru.hop.clickbank.net/
I recommend Mike’s book for all Internet marketers. Theft is easier on the web compared to face to face. Prevention beats trying to recover your hard work and profits from those who would steal from you.
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Charles Lamm is a retired attorney and owner of Trustee and RA Services Inc. in Coral Springs, Florida. His program - the Asset Protection Iron Triangle - can be found at: www.corp-llc-bct.com.