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    • Home  / LAA Freedom
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    November 03, 2023 2 min read

     

    Hey there, fellow knowledge seekers! Welcome to another episode of "Breaking Bank," proudly brought to you by Liberty Aid Academy. Today, we're diving headfirst into the rabbit hole of the common law irrevocable ecclesiastical trust and its quirky dance with the IRS. Buckle up, because we're about to decode this legal puzzle and have a blast doing it!

    **Getting to the Core of the Common Law Irrevocable Ecclesiastical Trust**

    Our host, a real whiz when it comes to this subject, is ready to tackle some head-scratchers from our viewer pal, Mitch. These questions revolve around the mysterious world of the common law irrevocable ecclesiastical trust and how it cozies up to the IRS.

    **Peeling Back the Layers**

    First things first, let's unpack that mouthful of a name: "common law irrevocable ecclesiastical trust." Our host is your guide to make sense of it all.

    "Common law" gets its moment in the spotlight, reminding us to treat others as we want to be treated – old school teachings from none other than Jesus Christ. This is like the moral compass of the trust.

    Now, hold onto your hats, because "In God We Trust" flips the script with its "do as you please" mantra. It's all about choices – being empathetic or doing your own thing.

    **Cracking the Terminology Code**

    Now, let's get down to the nitty-gritty of Mitch's questions about IRS codes and trust categories:

    1. **The Inside Scoop:** Our host dishes that this trust isn't playing by IRS code rules. It's got its own VIP pass to the law of God, sidestepping the IRS playbook.
    1. **Domestic or Foreign?** Don't get tangled in that web. The trust's roots are homegrown, so it's domestic, plain and simple.
    1. **EIN Prefix Party:** Think the EIN prefix is some secret code? Nope, it's just an IRS organizational tool, like your name tag at a party.

    **Tangling Misconceptions**

    During the episode, our host kindly untangles all the knots of confusion. We all bring our baggage from past teachings, but they're here to set the record straight with their expert insights.

    **Wrapping Up with Wisdom**

    As the episode wraps up, our host gives a virtual high-five to Mitch for their awesome questions. Remember, unlearning old stuff to make way for new truths is all part of the journey. And with the Liberty Aid Academy crew as your guides, you're in good hands to navigate this legal terrain.

    Thanks for hanging out with us on this wild ride of an episode. Until next time, keep seeking, keep questioning, and keep those brain gears turning!