4 thoughts on “Banking Secrecy key to avoid identity theft

  1. On one of your articles on the website is discusses opening a bank account for a trust. It specifies that the trust would be an irrevocable trust with an EIN that is obtained anonymously. I work as an accountant, and I’ve filled out several SS-4s. They require the social security number, TIN, or EIN of the “responsible party”. Just to be sure, I checked around the IRS website, and came up with this article:
    http://www.irs.gov/businesses/small/article/0,,id=228578,00.html
    Which specifies that nominees are not allowed, that you must provide the accurate tax id number of at least one actual responsible party. Now granted, it is very difficult for most people to pry information out of the IRS’s hands, so it is unlikely that this link between the two numbers would be found under usual circumstances, however, it does not seem possible to get an EIN for the trust completely anonymously. Am I missing something?

  2. Hello,

    Thank you for your thoughtful e-mail.

    As tax identification numbers are required for entities to do business online as per a new statute passed in 2011, this issue you raise was our challenge prior to publishing my new book, Privacy Crisis Banking: Bank Secrecy Plan & Resource Guide to Protect Identity, Money, and Property. The book provides readers with information on how to obtain an EIN in total secrecy. However, the business privacy registration principles outlined in Privacy Crisis, my first book need to be in place to do this. Essntialy, the short answer to your point is this: The Trust Manager applies for an EIN. This number is used as the foundation to obtain the EIN for the entity. See Chapter 7, page 112 of the New book, Privacy Crisis Banking. The book is available everywhere books are sold and as an e-book from our site at http://www.PrivacyCrisis.com.

    Thanks for writing and enjoy the books.

    Grant Hall

  3. Hi Grant, thanks for answering (I just bought the ebook Privacy Crisis Banking, and have zipped through it, need to go back and reread in more detail). To be clear, what you are suggesting is that the trustee, as the responsible party for the Trust, obtains an EIN for the Trust. Then the Trust, as the responsible party for the LLC, obtains an EIN for the LLC. So ultimately, the privacy seeking person is giving their SSN to the IRS, but not directly in regards to the LLC, so there is an additional degree of removal, yes?

  4. No.
    Please review the Trust Manager Prinviple in my original Privacy Crisis. An administrative Trustee can be the front man for the Trust-it could be their company EIN.

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