Quote Originally Posted by marcel View Post
Found your twitter campaign, thanks https://mobile.twitter.com/LawfulMoney

Regarding the form 1040, I've found the IRS will eventually come around and agree - lawful money income is not federal income and thus nontaxable. The trust law stuff is helpful, thank you Michael.
You are welcome. The trust stuff is what matters most. The reason they agree is because the property has not been transferred, granted or bargained for to a grantee/trustee.