Remove Text from the Liquidating Trust Agreement and eSign it in minutes

Aug 6th, 2022
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How to Remove Text from the Liquidating Trust Agreement

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hi Im Sean Jacobs one of the systems Architects here at protected trust and in this video I wanted to go over how you can restrict some of the verification options that are available to users for performing multi-factor authentication in office 365. you may remember uh if youre if youre using multi-factor authentication you may remember when you first set it up you were provided with a few different options so you were provided with an option to perform a text code to my authentication phone or to notify me through the app or to use verification code from app or what I would recommend doing and especially uh for security reasons is to actually remove the option to get a text code to my authentication phone the reason that we recommend doing that is to help prevent against certain types of attacks called Sim swap attacks where a malicious actor Will spoof someones phone number or maybe for example actually Port someones phone number away from their phone um so that they can uh use

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A liquidating trust formed for the primary purpose of liquidating and distributing the assets transferred to it is taxed as a trust, and not as an association, despite the possibility of profit ( Reg. 301.7701-4(d)).
A liquidating trust formed for the primary purpose of liquidating and distributing the assets transferred to it is taxed as a trust, and not as an association, despite the possibility of profit ( Reg. 301.7701-4(d)).
An organization will be considered a liquidating trust if it is organized for the primary purpose of liquidating and distributing the assets transferred to it, and if its activities are all reasonably necessary to, and consistent with, the accomplishment of that purpose.
liquidating trustee: person or entity charged with carrying out the Plan of Liquidation while representing the estate of the debtors.
The purpose of a liquidating trust is to: Collect and hold assets and claims of the debtor as specified in the bankruptcy plan. Liquidate the trust assets. Resolve disputed claims. Make distributions to allowed claimholders in ance with the plan.
An organization will be considered a liquidating trust if it is organized for the primary purpose of liquidating and distributing the assets transferred to it, and if its activities are all reasonably necessary to, and consistent with, the accomplishment of that purpose.
The purpose of a liquidating trust is to: Collect and hold assets and claims of the debtor as specified in the bankruptcy plan. Liquidate the trust assets. Resolve disputed claims.
Form(s): Corporations usually file a Form 1120 series return, plus other returns that apply (such as employment or excise tax returns). A corporation declares bankruptcy. However, if a liquidating trust is established for a corporation that is in bankruptcy, an EIN for that trust is required.
Such conditions include, among other things, that the primary purpose of the trust is liquidation of the assets with no objective of carrying on a trade or business and the trust agreement should contain a fixed or determinable termination date. That term generally should not exceed 3 years.
Each unit holder will be provided a Grantor Letter which reports allocable share of all the various categories of income, gain, loss, deduction, and credit of the Liquidating Trust for the period January 1, 2022 December 7, 2022. This information should be used in determining your 2022 taxable income.

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