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Posts posted by Peace
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The question about "How would the IRS know how long you've had it"...I believe the Burden of proof would be with you....So if you kept receipts your in good condition, if you haven't then you may be taxed higher...I don't know this for sure just saying...
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Ok about the "ENHANCER" ...IS THIS THE BANK ON YOURSELF CONCEPT...BUYING INSURANCE??? THANKS
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Hello, I called the IRS on Tuesday and spoke with a fellow who said if the bush tax cuts were extended it would be filed under "Capital Gains". Publication 525 Foreign Currency Transaction, basically anything from a foreign currency exchange if there are any gains over $ 200.00 will be taxed at 15%. Just what he told me, however, in my experience, I have spoke with plenty "professionals" who sometimes gave me the wrong info. Just wait till the date of RV and research after that, i'm sure new rules will be established or something, look for amendments. Due diligence.
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The FEDEX guy just arrived about 20 minutes ago to give me more dinar that i ordered from dinartrade.com. In the package was a certificate of authenticity. Also i checked the treasury before buying, they were listed. I'm confident with this purchase. My past purchase was through chase bank back in 2005. i called them two days ago and they weren't buying or selling dinar. weird.
Get ready for some Taxes.......
in Tax Discussion
Posted
If your interested in offshore banking check out the "Sovereign Society". Specifically Robert Bauman, he's the commentator for offshore accounts.