Pure Trust Organizations FAQs
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.
If you wish to opt out of property taxes, first be advised that you should not attempt to do so unless you are prepared to fight that particular battle. Opting out of property taxes will someday likely result in a confrontation with government, which will not let go of control of property easily.
For more information on opting out of property taxes, call 888-385-3733 to set up a consultation.