NotReallyTex Posted February 20, 2010 Report Share Posted February 20, 2010 I bought mine last year and was not asked for my SS number. This year the same seller is saying that he is required to get SS numbers for all new sales.I think that's a good sign because perhaps that means that our own government thinks we have money to be taxed. Yup I know THAT part of it sucks but the fact they they think we will come into some money makes me feel better about this whole thing.What I am wondering about is ...... Has anyone who bought Dinars prior to this year been asked to produce a SS number now? I am just wondering if they are going to try to dig deeper for past sales. I don't mind giving my SS number if I have to but would rather not and since I wasn't asked for it for the Dinars I bought at the time I don't want to now.Anyone else here have similar experienes or worry about this? Thanks Link to comment Share on other sites More sharing options...
Jay Lee Posted February 20, 2010 Report Share Posted February 20, 2010 I have never been asked when I have bought dinars but from what I understand if you were to buy them from a bank such as TD Bank, they will ask for SSN. From what I understand, TD has always been asking for SSN. The websites I've purchased from never asked me for SSN though. Link to comment Share on other sites More sharing options...
imretired Posted February 20, 2010 Report Share Posted February 20, 2010 I always buy mine from my home bank, and they've never asked for SSN, but they already have it anyway and the only way i can buy from them is if they take the money directly from my account so they may be associating my SSN wit the sale. Uncle Sam is going to get his Link to comment Share on other sites More sharing options...
TMC Posted February 20, 2010 Report Share Posted February 20, 2010 It doesn't matter. When you go to cash-in, they'll get your s.s # then. Absolutely no doubt about that. Link to comment Share on other sites More sharing options...
NotReallyTex Posted February 20, 2010 Author Report Share Posted February 20, 2010 Have any of you bought this year and not been asked?I figured when I cash in I would be asked but was curious about the change in asking when you purchase as compared to last year.Guess part of why I was asking is if we have a RV and are not forced to cash in all at once I might keep some of my Dinar somewhere safe. I don't really think anyone has to know what I have stored somewhere safe. It's my business what I have till I cash it in, or at least it should be. Link to comment Share on other sites More sharing options...
kc6860 Posted February 20, 2010 Report Share Posted February 20, 2010 just bought more Friday fron Ali@DT. They did not ask. If they did I would not give it to them. Link to comment Share on other sites More sharing options...
Jay Lee Posted February 20, 2010 Report Share Posted February 20, 2010 TMC I agree with you on them asking when you cash in. I believe this will be 1099 income right? Just write off expenses and minimize what you owe to uncle Sam? Link to comment Share on other sites More sharing options...
BurntToast Posted February 20, 2010 Report Share Posted February 20, 2010 You will give personal info when you cash in, but I would not give SS# out to a seller. I have made several purchases and the only thing they want from me is the check. Link to comment Share on other sites More sharing options...
taco Posted February 20, 2010 Report Share Posted February 20, 2010 5/3 bank jax fl ask for my ssn Link to comment Share on other sites More sharing options...
pegsue Posted February 20, 2010 Report Share Posted February 20, 2010 Safe Dinar does not ask for a SS number. They do require a copy of your drivers license but that does not have the SS on it. Link to comment Share on other sites More sharing options...
dawn1day Posted February 20, 2010 Report Share Posted February 20, 2010 I just bought some more from Dinar Trade and they don't ask but when you cash in you will have to put it on the tax form that you have to take with you that goes to the IRS. Link to comment Share on other sites More sharing options...
wyson Posted February 20, 2010 Report Share Posted February 20, 2010 I purchased dinar in '09 and '10 I wasn't asked for my ssn Link to comment Share on other sites More sharing options...
tport Posted February 20, 2010 Report Share Posted February 20, 2010 I wouldn't even think about it. The govt will most definitely get their due whether you gave your SS# or not on the purchase. There is no way around this one. I would certainly paid any taxes required if this completes to a successful RV/RI. It's what you would call the "Midas muffle" syndrome - you can pay me now or pay me later (with penalties & interest). Link to comment Share on other sites More sharing options...
sos Posted February 21, 2010 Report Share Posted February 21, 2010 Have any of you bought this year and not been asked?I figured when I cash in I would be asked but was curious about the change in asking when you purchase as compared to last year.Guess part of why I was asking is if we have a RV and are not forced to cash in all at once I might keep some of my Dinar somewhere safe. I don't really think anyone has to know what I have stored somewhere safe. It's my business what I have till I cash it in, or at least it should be.I find it both amusing and scary how many people come on here and freely illustrate how ignorant they are in their own financial matters and tax obligations. First, if you are holding dinar, it is cash and not a check. You do not cash it in for US dollars, or Euros or any other currency; you exchange it. Therefore, because you hold cash, if the currency you hold (any currency other than US dollars) increases in value against the dollar, even if you are still holding dinar, you are obligated to pay tax on the gain in value calculated in US dollars, by the end of the fiscal year in which you realized the gain. Quit thinking of the NID as a check. A check is a promissory note from the issuer, stating that they promise to pay you a sum of money, that they are holding until you redeem the check (cash it). Therefore you have not yet taken possession of the funds and thus can defer the receipt of the funds, and tax obligation, to a later date. Additionally it is the business of the IRS as to what financial gains you have experienced, and thus it is your responsibility to disclose the gain. Link to comment Share on other sites More sharing options...
ac63corvette Posted February 21, 2010 Report Share Posted February 21, 2010 Any one like me that is drawing Social Security and is less than full retirment age, needs to contact ss and stop your benifits and make araingments to pay back everything you have been paid. That stops you from paying thr penitaly for making too much money and you can draw max benifits at full retirement age. Link to comment Share on other sites More sharing options...
Joyce Bygall Posted February 21, 2010 Report Share Posted February 21, 2010 For those interested in asset protection when the IQD revalues - there is an excellent discussion on KTF Missions Forum. It is titled Dinar Millionaires Club. Much good info. You have to learn how to protect your assets like the big boys do. In 1970 Nelson Rockefeller paid $689. 58 in taxes and that's more than they usually pay. Find out how! Link to comment Share on other sites More sharing options...
sam39 Posted February 21, 2010 Report Share Posted February 21, 2010 bought some two weeks ago from dt and they did not ask Link to comment Share on other sites More sharing options...
Recommended Posts