Taxes

[PennStateMtnMan]

Have a seperate section just about taxes. It seems like this topic keeps being beat to death.

[Michael44]

Here here!!

[BRYAN]

A thread designated only to the Tax implications of this investment ..

links to the IRS Goverment sites are scattered in this forum ..

I do know there will be Taxes that need to be Paid ... Just how much and when to pay taxes & declare the earnings...that's the information we need to get the true facts about ..

I really want to know this BEFORE I get a letter from the IRS pertaining to the NID exchange ...

15% is a great rate to pay ..

28% is still ok ... but not desirable..

I don't like to pay taxes ... but it must be done .

Everyone that has purchased the NID has done this for the purpose to increase their own wealth in some form or another.

Taxes will be a part of this seceniro... no matter what ...

We got the NID at a extremly low rate and so we will pay taxes on this when it is time to do so .. At least I know I will pay taxes... what ever it is ..

Attempting to dodge the US tax man is like cheating Death .. :(
" You can only do it for so long before it catches up to you ..." :rolleye03

[shellie01]

I totally agree. We need this space for taxes. But there seems to be so many different opinions on the matter that I don't know if we will ever really get a straight answer anyway. Oh and just in case the rumor is true about holding the dinar for a year and only having to pay 15% in capitol gains, I had to spend a couple of hours today going through bank statements and old emails trying to find proof of when I bought them. Be sure to save your receits! you know just in case.

[BRYAN]

Reciepts are proof enough for the IRS to prove when you entered into this venture ...

Yes by all means keep all NID related transactions in a safe place ...