Both immanence and transcendence mean "bifurcation". Not because they are two words, but because of their meanings. Immanence says that God permeates the universe and transcendence says that God transcends the universe. Thus transcendence is merely explanation why immanent God is hidden/not observable in universe. But you still have two -- God in divine sphere and universe in natural sphere (according to this "explanation").

Yes, God is both "Tao and the ten thousand things", but they are not different. So, if immanence means omnipresence to you, why use the word "immanence" in the first place? And if God is "ten thousand things", God clearly cannot be "transcendent".

Sure, definitions of terms are not completely clear-cut, but your attempted total relativization of meanings seems just as a cheap cop-out.