Created pure trust, got EIN from IRS, opened up a checking account at bank with the trust EIN and transferred funds from account with my TIN to account with trust EIN. Am sending letter to IRS to confirm that trust does not have to file return per IRS regs. i believe it is worth it to have my FRNs one step removed from me to an entity recognized by the IRS to be exempt from its regs(taxes).26 CFR301.7701-4b