Court suspends BOI reporting requirements

By CalCPA Staff, Dec. 4, 2024 SOURCE: https://www.calcpa.org/whats-happening/articles/court-suspends-boi-reporting-requirements A U.S. District Court has suspended the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements. The CTA and its implementing regulations, which require U.S. business entities to report stakeholder information to the Treasury Department, required that an estimated 32.6 million existing business…

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Proof of Facts: The Constitution Does NOT Confer Sovereign Immunity Upon Any Government and therefore there is NO SUCH THING*

This analysis of Sovereign Immunity derives from a federal district Court. It is the most thorough treatment of the history of the subject we have ever found. The court concludes that there is NO SUCH THING as sovereign immunity because the constitution doesn’t authorize it. 1. Development of Sovereign Immunity Doctrine a. Historical Background and Incorporation into…

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Tax Status Presentation*

The following presentation documents the tax status of businesses operating within the 50 States of the Union and proves that they are “foreign” in the context of the Internal Revenue Code: Tax Status Presentation, Form #12.043 This content is provided by Sovereignty Education and Defense Ministry (SEDM).

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Foreign Partner Withholding Under I.R.C. 1446*

This article proves that there is no foreign partner withholding within a partnership where one or more other partners are statutory U.S. Persons: Foreign Partner Withholding Withholding Under I.R.C. Section 1446, Form #04.108 This form derives from: Sovereignty Education and Defense Ministry (SEDM), Forms and Pubs Page, Form #04.108 Our thanks to SEDM for providing…

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GTL: 07-Resolution of Empowerment-Sell Property Director 4

RESOLUTION OF THE BOARD OF DIRECTORS OF __________________________________________ A _______________________________ Corporation         I, the undersigned, being all of the Directors of ____________________________________, a ________________________________ corporation, having met and discussed the business herein set forth, have unanimously:         RESOLVED, WHEREAS, an offer has been made to this Corporation by _______________         ___________________________________, to purchase the entire…

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Migrating a Partnership from Domestic to Foreign*

SOURCE: Creating and Running a Business, Trust, or Estate, Form #09.079, Section 12. 1  Introduction Many members, after reading our materials, find themselves wanting to migrate their business and partners from U.S. person to Foreign person.  They often ask us for a detailed plan on how that might be done without incurring additional tax obligations beyond…

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