WHAT ARE YOU LOOKING FOR?

If I place a business or other revenue-generating asset into a PTO, am liable for income tax?

Earnings that come into the trust belong to the trust, which has no IRS reporting requirements or inherent tax liabilities.

Further, any payments made to you by the trust, whether salary or distribution, are private in nature and therefore, unless you choose to report your private earnings to the IRS, you are generally not liable for income tax on those amounts. However, do your own research in order to determine if you are liable for any tax.