Two things in life are certain: Dinar and Taxes. This forum is dedicated to discussion about taxes and other exchange logistics.
I've created this thread to encourage those with experience re: the pros/cons of Family Foundations to post here. I have done a bit of research on the issue and thought that by sharing my plans here, others might benefit from the discussion as well. We're all looking to reduce any tax burden...
OK_Tax_Lawyer brought to the forum another great strategy for preserving wealth called the Charitable Lead Trust. See his posts here: and here: I felt this discussion deserved a thread of its own.
Since SGS is stedfast that we are going to be rich this weekend, I found this article on how to invest your money. Its about the winner of "Survivor" and what he should do with his $1 million winnings as advised by some financial planners. Interesting read. ;) Survivor: how to make a million...
Thought this discussion deserved a thread of its own. In the discussion re: capital gains vs. ordinary income, it was suggested that this investment may be subject to what is called the Alternative Minimum Tax or AMT: As with any discussion regarding tax implications for this...
A few savvy forum members have been referring to the utilizing the new Self-Directed Roth IRA/401(k) to enhance their investment return. This thread is dedicated to specific discussion regarding the pros and cons of incorporating this approach with respect to dinar revaluation. Here are a few...
~Moderator note~ Thread is split from: http://www.investorsiraq.com/dinar-exchange-tax/13321-capital-gains-income-post163580.html One example would be a Charitable Remainder Trust. Say your $1000 dinar investment post-RV/conversion becomes worth $1,000,000 (just for the sake of simple...
Posted for reference purposes: The MRI Bankers' Guide to Foreign Currency. Issued quarterly. http://www.mriguide.com/index.htm JeffP originally posted this back in Feburary of this year. ...
Hey guys, Just wanted to throw this out to you all. If Iraq imposes an in country, short term exchange/cash-out period for 25000 dinar notes, as we have all heard possible many times over, what would your approach be to get those notes cashed or exchanged? Would you go to a dealer and have...
I am looking to sell some iraq dinar is " dinar trade" a legit company ? respond i need advice
At Evans, Lowenstein, Shimenowski, and Marscodini in Chicago. This guy was a tax specialist. First I asked him if the IRS required a person to register their dinar with them. After researching the matter, he told me that there are no requirements by the IRS to register. However, he said...
Just throwing this out for thoughts! If you have your money in Iraq and it does RV big if you leave it in tact ie do not convert would that mean no tax is liable? ie if you had 5m NID it is still 5m NID right? Now if you leave it there and just exchange the interest you will pay tax...
0% INTEREST BEARING ACCOUNTS..WHY? I have been wondering what all the fuss is about, by having a non-interest bearing account to wire transfer or put this money into after an RV...Can anyone explain?...My bank said, as it stands, the checking account that I have, only draws like 0.01% anyway...is...
I'm wondering how people are planning on "Cashing In" their Dinar when the time comes. I'd like to compare the options and hammer out the best possibility when the time comes. :huge:
There has been a lot of speculation of late as to what people would do in the US over filing tax returns and capital gains etc should the dinar appreciate significantly. It's a little bit different for non-US investors because although the US, Canada, Australia and Europe went into Iraq, the...
If you are a British tax payer perhaps you might consider the following: The Inland Revenue will certainly rule that all Capital Gains from the RV are taxable, even if such a ruling is retrospective because this Labour Govt is too short of cash to consider anything else. If you own more than 1m...
i was just wondering if the dinar does rv and i ended up with 4 million who much would go to uncle sam
Anyone concerned over the un constitutional selective taxation and double taxation of certain individuals and if they could single at those folks whats to stop them from singling out us...
Hello Everyone, I had this thought the other day and thought I would share it to see what people thought. Say I had $10 million Dinar, and it rv's 1 to 1. So instead of cashing in, I find a way to get my dinars to AL Warka or some other bank that is willing to keep the account in Dinar. From...
here ya go...http://www.irs.gov/pub/irs-pdf/ffc104.pdf
Well we all know a good tax attorney/accountant will be very important in the case of a large RV but honestly i woulden't know where to begin to look for the best of the best...i'd like everyone to post their recomendations on who they believe are the best out there or at least put out some info on...
UBS to pay $780M, open secret Swiss bank records to feds By Associated Press | Thursday, February 19, 2009 | http://www.bostonherald.com | Business & Markets WASHINGTON — Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations...
I know a couple people that have made money in the past when a currency appreciates and when they felt it was time to turn it in they never had to pay a dime in taxes. At the time it was no small peanuts, to the tune of $50,000^. I know that’s nothing in terms what we’re talking about with the...
Just wondering if there's any canadian's out there that have inquired into the tax situation when we cash in our dinars ?
Loaded with helpfuy links. http://www.menafn.com/qn_news_story.asp?StoryId={0D0B1272-B9A8-495D-B306-C47CBF148C12} With 500 tax changes in '08, time is now to start your tax chores Don't miss these top stories: Seven tax to-do's for January
Greetings All, I am newer than a newbie. I have been a frequent visitor to this site, but decided to stay on the sidelines and just try to educate myself as best I could from the subject matter experts. My question revolves around cashing in Iraqi Dinars and taxes to be paid upon doing so. Let's...
So I've just recently bought my dinar with USD funds (under $10,000USD) that I've already been taxed on. My dinar are in a Warka 1 yeaar CD *If* the RV comes in a few months, if I dont convert back to USD right away, when am I supposed to pay taxes? (because at that point there wont be...
http://money.cnn.com/2008/10/15/news/economy/bailout_tax_credits.moneymag/index.htm 8 tax goodies in the bailout plan Here's a rundown on what's new, and what has returned, so you can make sure you're not handing Uncle Sam any more than what you have to. A quick fix for the AMT. Once...
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