Protecting your RV

[Belecosity]

Hey All,

This is the first time I have every posted on any Dinar board before. Give yah a little backround, I have been invested in the dinar with close friends for a few years. I'm sure everyones got a great story as to how they got invested and the circumstances surrounding their decision so I'll spare you. Since Iv'e been invested I threw the Dinar in my sock drawer and never though about it until about a month ago when I felt an exitement about this thing really happening. So i began reasearching not as much from a point of, "how soon!!!!!", but from more, "what am I going to do when it happens". I am fully assured that the Dinar will take people from rags to richs and zero to hero, so that is not my concern I leave that to God. So I have urgency, but it's based on following biblical principles of a good stewart.

I see many people on the forums that take the mindset of "Going to the bank!" "cashing in!" "Pay my taxes whatever they want fine, I'll take what I can get". I by no means am trying to demean people that feel that way, but I don't understand the mindset behind it. Lets say that we do get taxed at an income tax rate after the exchange costs your looking at close to %40 of your money completely gone in one day. "poof" oh and depending on what state your in it could be another %10 gone, and then go to spend it in a state with sales tax %6-10 more! Then on top of that you have forever put the IRS scope on your back. how can you be okay with this? I know this is worst case scenario, but there is a big possibility this could happen.

I am 24 years old working full time and in a full time MBA program. My wife is still in school and doesn't work. The job I work at is a corporate sales job. I don't make a ton of money but I get taxed at %40 because im on commissions. (I do get some back) but Seeing almost half of my paycheck gone every month when I'm young and trying to provide for my family is not a fun thing to have happen. I don't hate taxes or despise the government for taking them, but you can be sure I will never pay a dime more than I have to.

long story short I started Looking into the correct way to handle this investment. Here is the plan that I have come up with, It is legal and it will save me so much money I can actually do great things with this investment, not just good things. (if anyone has better ideas let me know, this is the best way iv'e found so far.)

First, I will take a $25,000 dollar dinar and cash it in. This will give me the resources to put the rest of my plan into action. (I'll let them tax me at income level on 25,000 thats it!) Next I will hop on a plane and head to a private bank or any secure bank and I will deposit my dinar into the account. depending on the stability of the Dinar and the amount it RV's for, I will avoid an exchange fee and keep it in dinar, or I will exchange it into the steadiest currency I feel at that time. Next i will tie my newly acquired account into my newly formed LLC based out of Nevade(the swiss banks of LLC's). Then I will start trading in the forex.

there you go, the only time I will pay taxes is when I pull money out of the LLC for my salary, or pay capital gains on my LLC's investments, and the government will not be able to touch my newly acquired wealth.

Like I said I do not mind paying taxes, but being young with no great source of income, getting half of my DInar investment taken away in the first year, will really hurt me in the future.

I welcome anybody who has an opinion on this. Actually I would love to hear peoples plans and Ideas. I feel Like I still have much to learn.

(if you think what I'm doing is immoral or unethical, that is fine, but I don not believe this breaks any U.S. laws, so my conscience is clean.) -I cannot say the same for our government. :P/> (Kidding!)

Thanks everyone for for posting on this forum, I have learned alot from you all the past few years.

[okane]

Welcome to the board. Sounds like a great plan, I hope that you're not offended by this but you have almost re-created the wheel! Please heed the "almost". I have been where you are and I know money can be tight but do this today/tonight/now. Join the VIP group and read up on the OSI. Off Shore Investment. You have to have parts of this done before an RV or the money is YOURS and YOU will be libel for the taxes of any gain realized. In a nut shell, any off shore company must at least be started and the dinar must "belong" to the company. ie, gifting letters. You still have possession of your notes but legally and tax wise they are assets of the off shore company that you are the director of. Adam has gone to huge lengths to make sure that all of the i's are dotted and t's are crossed. Take full advantage of the ground work that has been done. If you miss this one step you will have screwed up. Your hopes of controlling the tax flow will be out the window. Sorry, long day. Take care

[bg888]

Nice idea Okane, simply said, join VIP ASAP.

Belecosity, you may double check your theories... or maybe I misunderstood, which is entirely possible, but Nevada is OK for corporate registrations, but it is no Fort Knox when it comes to LLC's. At any rate, you will be taxed on any conversion and not simply when you take funds from LLC. An LLC is a pass-through entity and you will be taxed on all income whether you take it out or not.

My advice, as was Okane's, join VIP, hire good advisors (when feasible) and/or start studying tax law. Do it before you just throw money into an LLC thinking that is enough. You won't regret it.

Best of luck to all.

[olivesman]

Okane and bg888 are right. You are SO close to being on the right track but for the cost of the VIP membership (3 months for $50) and the IBC Name Reserve ($399, if memory serves) you have a bullet proof start on the best stewardship plan available. I bet you spend $50 on soda pop in a month.

[MovieMaker]

Thanks for sharing.

[20Mil]

Hey All,

This is the first time I have every posted on any Dinar board before. Give yah a little backround, I have been invested in the dinar with close friends for a few years. I'm sure everyones got a great story as to how they got invested and the circumstances surrounding their decision so I'll spare you. Since Iv'e been invested I threw the Dinar in my sock drawer and never though about it until about a month ago when I felt an exitement about this thing really happening. So i began reasearching not as much from a point of, "how soon!!!!!", but from more, "what am I going to do when it happens". I am fully assured that the Dinar will take people from rags to richs and zero to hero, so that is not my concern I leave that to God. So I have urgency, but it's based on following biblical principles of a good stewart.

I see many people on the forums that take the mindset of "Going to the bank!" "cashing in!" "Pay my taxes whatever they want fine, I'll take what I can get". I by no means am trying to demean people that feel that way, but I don't understand the mindset behind it. Lets say that we do get taxed at an income tax rate after the exchange costs your looking at close to %40 of your money completely gone in one day. "poof" oh and depending on what state your in it could be another %10 gone, and then go to spend it in a state with sales tax %6-10 more! Then on top of that you have forever put the IRS scope on your back. how can you be okay with this? I know this is worst case scenario, but there is a big possibility this could happen.

I am 24 years old working full time and in a full time MBA program. My wife is still in school and doesn't work. The job I work at is a corporate sales job. I don't make a ton of money but I get taxed at %40 because im on commissions. (I do get some back) but Seeing almost half of my paycheck gone every month when I'm young and trying to provide for my family is not a fun thing to have happen. I don't hate taxes or despise the government for taking them, but you can be sure I will never pay a dime more than I have to.

long story short I started Looking into the correct way to handle this investment. Here is the plan that I have come up with, It is legal and it will save me so much money I can actually do great things with this investment, not just good things. (if anyone has better ideas let me know, this is the best way iv'e found so far.)

First, I will take a $25,000 dollar dinar and cash it in. This will give me the resources to put the rest of my plan into action. (I'll let them tax me at income level on 25,000 thats it!) Next I will hop on a plane and head to a private bank or any secure bank and I will deposit my dinar into the account. depending on the stability of the Dinar and the amount it RV's for, I will avoid an exchange fee and keep it in dinar, or I will exchange it into the steadiest currency I feel at that time. Next i will tie my newly acquired account into my newly formed LLC based out of Nevade(the swiss banks of LLC's). Then I will start trading in the forex.

there you go, the only time I will pay taxes is when I pull money out of the LLC for my salary, or pay capital gains on my LLC's investments, and the government will not be able to touch my newly acquired wealth.

Like I said I do not mind paying taxes, but being young with no great source of income, getting half of my DInar investment taken away in the first year, will really hurt me in the future.

I welcome anybody who has an opinion on this. Actually I would love to hear peoples plans and Ideas. I feel Like I still have much to learn.

(if you think what I'm doing is immoral or unethical, that is fine, but I don not believe this breaks any U.S. laws, so my conscience is clean.) -I cannot say the same for our government. :P/>/> (Kidding!)

Thanks everyone for for posting on this forum, I have learned alot from you all the past few years.

One problem with your plan... You can only leave the country with $10k USD (or the equivalent in foreign currency) and anything more than that you will need to fill out paper work.

You might want to get it over to your bank of choice out of country BEFORE the potential RV. There are other ways but just letting you know you need to declare anything over $10k USD when leaving the country.

[RVPleaseToday]

Belocosity, you are clearly not knowledgable about what you speak. Your "plan" simply won't work. And, what bank in the U.S. takes foreign currency deposits?

[haymon]

Join the VIP and OSI. I would LOVE to be under 30!!!! And have this opportunity.

Well, just be under 30 would be great!

[Belecosity]

Thanks everyone for your posts. I did not mean to sound like my plan was fool proof, but it was what I had come up with until this point. Great points about the currency being brought outside of the country... I had thought about that, but had not come up with a solution for this dilemma. (getting it out first is great, but convincing my wife to take a vacation to my chosen bank might be tough. lol)

The VIP advise is great, I was about to purchase more dinar, but I might want to learn how to protect what I have first , then go from there. I am aware that the LLC is not tax proof, but I know Nevada has strict laws prohibiting the IRS from investigations, and places the burden of proof on the IRS, just like a swiss or GC bank.

This post was more of a looking for advise, and I appreciate the criticism, because to be honest, I am most willing to learn from it. I have many educated friends and family, but not concerning something like this, and I appreciate all the help.

Thanks again.

[umbertino]

Belecosity...Welcome to the Forum and to the charming and entertaining IQD "reality"....Good Luck to us.

[ronscarpa]

Hi Belecosity,

Welcome to Dinar Vets, the board & forums. Thanks for sharing; it's good to see you are thinking about taxes, wealth protection and your future - I commend you. Your basic idea is fine, but you are a bit uninformed. You'll need a good legal team of Wealth Protection & Wealth Preservation specialists who will also assist you in planning and setting up necessary Entities to match your desired goals. I can recommend some in various states, especially Nevada or Wyoming, since I live in Las Vegas, and have already set up my Entities.

Best wishes for your future post RV. Be Blessed...!

RON

[Heck]

It is great that you are putting in the time and effort to at least put a plan in place.

However, as others have posted you really need to spend more time learning how this all works.

"Next I will hop on a plane and head to a private bank or any secure bank" There is no such thing anymore assuming your a U.S. Citizen, even if you would find such a private bank or secure bank which does not exist anymore that private bank will still have to comply with However, as others have posted you really need to spend more time learning how this all works.

"Next I will hop on a plane and head to a private bank or any secure bank" There is no such thing anymore assuming your a U.S. Citizen, even if you would find such a private bank or secure bank which does not exist anymore that private bank will still have to comply with complience laws too the U.S. All your peronal info will, one way or another be reported.

One note, I would suggest, do yourself a favor and understand that compliance compliance complince with the IRS will be the only way to accomplich what yoi want and ADAM has this on track in OSI... if that is your plan in your mind now, educate yourself by joining OSI.

If you have nothing in place before the RV then your 25K cash in to set things up is a waste of time legally, based on your strategy posted.

As they all have explained above, join VIP, better yet go Platinum, and you would have to join OSI and read everything, take some time to really learn how the law works.

I wont belittle you, and you say what your plan does is legal, the process may be legal in your mind but if that plan is AFTER RV it wont save you a dime in taxes and will bring legal heat upon you.

Belive me I have dealt with the IRS heatedly in the past and I can tell by your post you need to get more informed ...and take time to do so.

Please do yourself a favor and take the advice the others have provided.

Wish you success and please stay around here.

Believe me I have dealt with the IRS heatedly in the past and I can tell by your post you need to get more informed ...and take time to do so.

Please do yourself a favor and take the advice the others have provided.

Wish you success and please stay around here.

Also, your MBA will serve you very well in the future, nail it and you'r future will be well even without the Dinar.

Respectfully,

Heck

Hey All,

This is the first time I have every posted on any Dinar board before. Give yah a little backround, I have been invested in the dinar with close friends for a few years. I'm sure everyones got a great story as to how they got invested and the circumstances surrounding their decision so I'll spare you. Since Iv'e been invested I threw the Dinar in my sock drawer and never though about it until about a month ago when I felt an exitement about this thing really happening. So i began reasearching not as much from a point of, "how soon!!!!!", but from more, "what am I going to do when it happens". I am fully assured that the Dinar will take people from rags to richs and zero to hero, so that is not my concern I leave that to God. So I have urgency, but it's based on following biblical principles of a good stewart.

I see many people on the forums that take the mindset of "Going to the bank!" "cashing in!" "Pay my taxes whatever they want fine, I'll take what I can get". I by no means am trying to demean people that feel that way, but I don't understand the mindset behind it. Lets say that we do get taxed at an income tax rate after the exchange costs your looking at close to %40 of your money completely gone in one day. "poof" oh and depending on what state your in it could be another %10 gone, and then go to spend it in a state with sales tax %6-10 more! Then on top of that you have forever put the IRS scope on your back. how can you be okay with this? I know this is worst case scenario, but there is a big possibility this could happen.

I am 24 years old working full time and in a full time MBA program. My wife is still in school and doesn't work. The job I work at is a corporate sales job. I don't make a ton of money but I get taxed at %40 because im on commissions. (I do get some back) but Seeing almost half of my paycheck gone every month when I'm young and trying to provide for my family is not a fun thing to have happen. I don't hate taxes or despise the government for taking them, but you can be sure I will never pay a dime more than I have to.

long story short I started Looking into the correct way to handle this investment. Here is the plan that I have come up with, It is legal and it will save me so much money I can actually do great things with this investment, not just good things. (if anyone has better ideas let me know, this is the best way iv'e found so far.)

First, I will take a $25,000 dollar dinar and cash it in. This will give me the resources to put the rest of my plan into action. (I'll let them tax me at income level on 25,000 thats it!) Next I will hop on a plane and head to a private bank or any secure bank and I will deposit my dinar into the account. depending on the stability of the Dinar and the amount it RV's for, I will avoid an exchange fee and keep it in dinar, or I will exchange it into the steadiest currency I feel at that time. Next i will tie my newly acquired account into my newly formed LLC based out of Nevade(the swiss banks of LLC's). Then I will start trading in the forex.

there you go, the only time I will pay taxes is when I pull money out of the LLC for my salary, or pay capital gains on my LLC's investments, and the government will not be able to touch my newly acquired wealth.

Like I said I do not mind paying taxes, but being young with no great source of income, getting half of my DInar investment taken away in the first year, will really hurt me in the future.

I welcome anybody who has an opinion on this. Actually I would love to hear peoples plans and Ideas. I feel Like I still have much to learn.

(if you think what I'm doing is immoral or unethical, that is fine, but I don not believe this breaks any U.S. laws, so my conscience is clean.) -I cannot say the same for our government. :P/>/> (Kidding!)

Thanks everyone for for posting on this forum, I have learned alot from you all the past few years.

[Jmasters]

Bad enough we have to deal with the dinar pumpers, now the VIP pumpers are coming out.. Go ahead and neg all you want, but I call it like i see it