Hiring an attorney proves one is incompetent

----- Forwarded Message -----

From: Keith Little <bigkeithlittle@yahoo.com>

To: Charles.Rettig@IRS.gov <charles.rettig@irs.gov>

Sent: Monday, March 7, 2022, 02:25:38 PM CST

Subject: Private Foundation Presumption:

 

 

1646461701

Re: Phone conversation - PayPal Fraud department - Employee number 44702 - Notice to John Rainey:

 

KEITH ORLAND LITTLE FBU - WWW [World Wide Web] Routing Number: 1596601288-UPN-1.1.20208

 

The KEITH ORLAND LITTLE FBU is not "organized" but rather, in development stages AS a Private Foundation based in union of faith:

 

KEITH ORLAND LITTLE FBU - Privately established in the year of our Lord two thousand nineteen on the twenty first day of August:

 

Internationally founded on March 22, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IRS: Commissioner: Charles Rettig:

 

Notice of Err:

 

 

 

 

I am contacting you this day for reason of errs in entry and presumptions being confused: 

 

 

 

First; I was contacted via e-mail by PayPal: In that e-mail it states that the IRS contacted them: I know I did not report any income to the IRS and I know the people who used PayPal goods and services did not report to IRS that they were sending someone income: It is ONLY PayPal and because their records indicate actions and performance of buying and selling goods and services for profit that was reported to IRS that these communications with my-self are being perpetrated: However; the IRS has no such record and the only record posing such is in fact the erred records of PayPal based on presumption by them: 

 

 

 

Second; in the public domain the IRS has the following statement:

"26 CFR § 1.508-1 - Notices.

(b) Presumption that old and new organizations are private foundations -

(1) In general. Except as provided in subparagraph (7) of this paragraph, any organization (including an organization in existence on October 9, 1969) which is described in section 501(c)(3), and which does not notify the Commissioner within the time and in the manner prescribed in subparagraph (2) that it is not a private foundation, will be presumed to be a private foundation."

 

 

 

Now, as referenced a private foundation, I don't know how the IRS and PayPal are going to resolve their differences but; I do know for fact that anyone unlawfully converting the name and number I gave; would be liable to the record in custody of the Social Security Administration that assisted the Department of Defense in assigning the number and placing that decedent estate under the fiduciary care of the Department of State under 31 USC 1321(73): 

 

 

 

See; I am not in your services: I am in fact the third party beneficiary end user only with no other contacts:

 

 

 

I am not, never was and can not be a resident: I can only accept the conference/grant of a nationality for beneficial use: I am NOT a United States citizen nor an officer or employee of the United States: That is patent and within that evry breath i take is an act of God: I keep in contact with Him as my counsel:

 

 

 

Minimum Contacts

Definition

A nonresident defendant's connections with the forum state (i.e., the state where the lawsuit is brought) that are sufficient for jurisdiction over that defendant to be proper. Lack of minimum contacts violates the nonresident defendant's constitutional right to due process and "offends traditional notions of fair play and substantial justice" (International Shoe Co. v. Washington, 326 U.S. 310 (1945)). Examples of minimum contacts include conducting business within the state, incorporating in the state, and visiting the state.

 

 

 

Please be aware that this communication fulfills any requirements for notification or no notification pursuant to 26 CFR § 1.508-1 - Notices as above and leaving the presumption by the IRS as a private foundation:

 

 

 

I am including what i have sent to John Rainey at PayPal so you two can get together and hash this out as i remain as presumed - a private foundation: hors de combat:

 

 

 

Your only response is to be internal as to effect the correction of your records: Nothing more:

 

 

 

PayPal has already violated 15 USC 1, 15 USC 3, 15 USC 1692c and 15 USC 1692e: 32 CFR § 2001.21 - Original classification.

 

 

Also note: 

26 U.S. Code § 1031 - Exchange of real property held for productive use or investment

26 U.S. Code § 1231 - Property used in the trade or business and involuntary conversions

 

 

 

 

 

 

 

 

 

 

 

                                          Reverently: chaplain-keith:

 

 

 

__________________________________________________________________________________________

 

 

 

COPY OF NOTICE TO PAYPAL:

 

_______________________________

 

 

1646544501

 

 

Re: Phone conversation - PayPal Fraud department - Employee number 44702 - 3/4/2022:

 

KEITH ORLAND LITTLE FBU - WWW [World Wide Web] Routing Number: 1596601288-UPN-1.1.20208

 

The KEITH ORLAND LITTLE FBU is not "organized" but rather, in development stages AS a Private Foundation based in union of faith:

 

KEITH ORLAND LITTLE FBU - Privately established in the year of our Lord two thousand nineteen on the twenty first day of August:

 

Internationally founded on March 22, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

PayPal:

Attention: John Rainey:

 

 

 

 

Please read carefully - no response by your-self is needed nor desired: This is merely a polite announcement to you of my notification to IRS for their request for Tax ID information that is already not required for a stated presumption: This stated presumption by the IRC [Internal Revenue Code] is not up for your debate:

 

 

Please provide documentary evidence I was engaged in interstate or foreign commerce in a capacity of public liability and not the third party beneficiary end user in possession as the insured: As authorized holder of the insurance instrument, i am not liable as signatory on instruments for the person named in the instrument: 

[See: UCC 3-402: Please note; in this context, any documentary evidence you submit must prove how a public liability can be placed on a record of the Beneficiary account identified by the Social Security Number I provided: Any conversion to a record other than that would be someone elses doing and they would be liable: Since those entering a transaction originally [those using your services to originate a transaction] to send a gift to the KEITH ORLAND LITTLE FBU can not know such private information; for obvious security reasons: That would leave the conversion of the Data Elements I gave to PayPal to be committed by PayPal and No one else:]

 

 

Please be aware of the following content and the simple fact that you can not employ your internal process when there is in fact a process already set by law:

 

 

 

1 ) Regulation Y: 12 CFR PART 225 - BANK HOLDING COMPANIES AND CHANGE IN BANK CONTROL (REGULATION Y)

 

2 ) Social Security Routing Number - PayPal Routing Number - Bancorp Bank Routing Number - MasterCard Routing Number:

Social Security Number:

 

3 ) Minimum Contacts

Definition

A nonresident defendant's connections with the forum state (i.e., the state where the lawsuit is brought) that are sufficient for jurisdiction over that defendant to be proper. Lack of minimum contacts violates the nonresident defendant's constitutional right to due process and "offends traditional notions of fair play and substantial justice" (International Shoe Co. v. Washington, 326 U.S. 310 (1945)). Examples of minimum contacts include conducting business within the state, incorporating in the state, and visiting the state.

 

4 ) 26 U.S. Code § 61

 

5 ) 26 U.S. Code § 63

 

6 ) 26 U.S. Code § 64

 

7 ) 26 U.S. Code § 643

(b)Income

For purposes of this subpart and subparts B, C, and D, the term "income", when not preceded by the words "taxable", "distributable net", "undistributed net", or "gross", means the amount of income of the estate or trust for the taxable year determined under the terms of the governing instrument and applicable local law. Items of gross income constituting extraordinary dividends or taxable stock dividends which the fiduciary, acting in good faith, determines to be allocable to corpus under the terms of the governing instrument and applicable local law shall not be considered income.

(c)Beneficiary

For purposes of this part, the term "beneficiary" includes heir, legatee, devisee.

 

8 ) 26 U.S. Code § 1031 - Exchange of real property held for productive use or investment

 

9 ) 26 U.S. Code § 1231 - Property used in the trade or business and involuntary conversions

 

10 ) 15 USC 1 - Trusts, etc., in restraint of trade illegal; penalty

 

11 ) 15 USC 3 - Trusts in Territories or District of Columbia illegal; combination a felony

 

12 ) 15 USC 1692c - Consent to communicate

 

13 ) 15 USC 1692e - False or misleading representations

 

14 ) Abusive Trust Tax Evasion Schemes - Referrals - Contacts - - - https://www.irs.gov

IRC

Abusive Trust Tax Evasion Schemes - Facts (Section III)

Asset protection trust

These trusts are promoted as a means of avoiding liability for judgments against an individual or business. However, beware of any asset protection trust marketed as part of a package to reduce federal income or employment taxes. The courts can ignore such trusts and order the taxpayer's property sold to satisfy the outstanding liabilities.

 

15 ) See: Form 14242 - Reporting Abusive Tax Promotions and/or Promoters

 

16 ) What's the difference between a 501c3 and a 508?

Section 508 of the Code requires any organization created after October 9, 1969 that seeks 501(c)(3) charitable exemption to notify the Internal Revenue Service and apply to obtain an official recognition, but exempts from the filing requirement those organizations described in Section 508(c).

 

17 ) 2. The 15-Month Rule

IRC 508(a) provides generally that an organization organized after October 9, 1969, will not be treated as described in IRC 501(c)(3) unless it gives notice to the Service in an appropriate manner. Reg. 1.508-1(a)(2)(i) provides, in part, that this notification requirement is satisfied when an organization seeking exemption under IRC 501(c)(3) files a properly completed and executed Form 1023 within 15 months from the end of the month in which it was organized. Reg. 1.508(a)- 1(a)(2)(iii) provides further that an organization will be considered "organized" on the date it becomes an organization described in section 501(c)(3). The notification requirement set forth in IRC 508(a) is subject to exceptions and these are listed in IRC 508(c). There is a mandatory exception to notice which is applicable to (1) churches, their integrated auxiliaries, and conventions or associations of churches or (2) any organization, other than a private foundation, the gross receipts of which in each taxable year are normally not more than $5,000.

The exceptions in IRC 508(c) are interpreted and explained by Reg. 1.508-1(a)(3). With this background presented, this topic will explore several issues that have been considered in connection with IRC 508 notice requirements.

 

18 ) 26 CFR § 1.508-1 - Notices.

(b) Presumption that old and new organizations are private foundations -

(1) In general. Except as provided in subparagraph (7) of this paragraph, any organization (including an organization in existence on October 9, 1969) which is described in section 501(c)(3), and which does not notify the Commissioner within the time and in the manner prescribed in subparagraph (2) that it is not a private foundation, will be presumed to be a private foundation.

 

19 ) 32 CFR § 2001.21 - Original classification.

 

 

 

Your only response is to be internal as to effect the correction of your records: Nothing more:

 

 

PayPal has already violated 15 USC 1, 15 USC 3, 15 USC 1692c and 15 USC 1692e: 

 

 

Please take note here that the "private foundation" known as the KEITH ORLAND LITTLE FBU is what shows on the account: That private foundation has it's own international routing number as shown: Feel free to copy and paste just the number above and see where it leads you: 

 

 

The evidence in a phone recording on 03/04/2022 by Employee number 44702 may also be reviewed - despite my language in said recording I am in fact correct as provided in your own laws: I care not WHO is converting these transactions: They will stop:

 

 

PayPal, by its own conversion for reasons of its own policy or any other policy is not excusable for sending information for which they made a legal determination: One can not convert the intent of beneficial use to a public liability to avoid their own liability: 

 

 

 

 

 

REMEDY: Change of point of contact: E-mail: wyrdwyzard@wyrdweyeswarriors.art; a private routing number:

 

 

 

 

 

 

 

                                                      Reverently: chaplain-keith:

 

 

 

 

___________________________________________________________________________________________

 

 

 

PAYPAL 10-K Filing with the SEC:

 

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-K

 

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2021.

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from             to             .

Commission file number 001-36859

   

 

 

 

PayPal Holdings, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware 47-2989869

(State or Other Jurisdiction of

Incorporation or Organization) (I.R.S. Employer

Identification No.)

2211 North First Street San Jose, California 95131

(Address of Principal Executive Offices) (Zip Code)

 

(408) 967-1000

(Registrant's telephone number, including area code)

  

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock, $0.0001 par value per share PYPL NASDAQ Global Select Market

 

Securities registered pursuant to Section 12(g) of the Act:

None

 

 

____________________________________________________________

 

 

 

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Daniel H. Schulman, John D. Rainey, Bimal Patel, Brian Y. Yamasaki and Jeffrey W. Karbowski, and each or any one of them, each with the power of substitution, his or her attorney-in-fact, to sign any amendments to this report, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated on February 3, 2022.

 

Principal Executive Officer: Principal Financial Officer:

By: /s/ Daniel H. Schulman By: /s/ John D. Rainey

Daniel H. Schulman John D. Rainey

President, Chief Executive Officer and Director Chief Financial Officer and Executive Vice President, Global Customer Operations

Principal Accounting Officer:

By: /s/ Jeffrey W. Karbowski

Jeffrey W. Karbowski

Vice President, Chief Accounting Officer

 

 

Additional Directors

By: /s/ Rodney C. Adkins By: /s/ Jonathan Christodoro

Rodney C. Adkins Jonathan Christodoro

Director Director

By: /s/ John J. Donahoe By: /s/ David W. Dorman

John J. Donahoe David W. Dorman

Director Director

By: /s/ Belinda Johnson By: /s/ Enrique Lores

Belinda Johnson Enrique Lores

Director Director

By: /s/ Gail J. McGovern By: /s/ Deborah M. Messemer

Gail J. McGovern Deborah M. Messemer

Director Director

By: /s/ David M. Moffett By: /s/ Ann M. Sarnoff

David M. Moffett Ann M. Sarnoff

Director Director

By: /s/ Frank D. Yeary

Frank D. Yeary

Director

 

 

____________________________________________________________

 

 

 

Our ability to receive the benefit of U.S. merchant financing offerings may be subject to challenge.

 

Merchant loans under our U.S. PayPal Working Capital ("PPWC") and PayPal Business Loan ("PPBL") products are provided by a state chartered industrial bank under a program agreement with us, and we acquire the receivables generated by those loans after origination. In June 2020, largely in response to the Madden v. Midland Funding, LLC case decided in the U.S. Court of Appeals for the Second Circuit, the Federal Deposit Insurance Corporation ("FDIC") approved a final rule clarifying that loans originated by state-chartered non-member banks remain valid throughout the lifetime of the loan, reflecting a similar rule finalized by the Office of the Comptroller of Currency ("OCC") in May 2020. The final rule reaffirms and codifies in regulation the so-called "valid-when-made doctrine," which provides that the interest rate for a loan is determined when the loan is made and will not be affected by subsequent events such as sale, assignment, or other transfer. A number of state attorneys general have challenged these FDIC and OCC rules, and there remains some uncertainty whether non-bank entities purchasing loan receivables originated by FDIC-insured, state chartered industrial banks may rely on federal preemption of state usury laws and other state laws. An adverse outcome of these or similar challenges, or changes to applicable laws and regulations or regulatory policy, could materially impact our U.S. PPWC and PPBL products and our business.