Dinar Taxes – Cash-In-Dinar Details
Fri, Feb 24, 2012
Subject: U S Treasury Takes $1 on Dinar Rate
www.MorningLiberty.com 3 articles are posted in this blog
Bulldog75: 12:01AM CST: FEB.25: WE WERE AWAITING CONFIRMATIONS THAT HAVE NOT MANIFESTED 'YET'. …BUT, I WISH TO INFORM U, IMHO AND SOURCES REPORTING, ALL INFORMATION IS GO. WHAT GLITCHES THAT TEMPORARILY HELD THIS LAST NIGHT, HAVE BEEN RESOLVED. CHINA IS HAPPY NOW. RATES LOCKED & HOT. RATES ARE BETTER THAN BEFORE. THE 747 FLIES HIGH. IQD ABOVE 10K FT AND DONG VERY STRONG ABOVE .21 . THE FOG IS GONE WITH BLUE SKIES OVERHEAD. REST WELL. OUR DAY AND HOUR COMES BLESSED AND SO VERY SOON IN GOD'S TIME. WE MANIFEST THE BEST.
THIS IS CIRCULATING:
Examine this IRS opinion regarding form 8938. The form was designed only to identify people with off-shore bank accounts or LLCs, or Corporations and get them to report their secret holdings.
Fortunately, none of the hype [about form 8938] applies to private citizens who happen to be holding foreign currency such as the Dinar or Vietnam Dong. IRS statements regarding Dinar follow:
I, [xxx,yyy], took the time to call the IRS [Special Accounts Division]. I spoke to a supervisor named Ms. Theresa Klier (Employee# 1000349035). She informed me that this form 8938 has been in existence since June of this year , following attempts by speculators in recent months to shield themselves from federal tax levies.
This obligation to report income that people derive from foreign currency accounts [bank accounts in other countries that hold non-US currencies] didn’t suddenly become law last week. [Reporting on your offshore accounts has been an IRS requirement for a long time.]
She said that the IRS is targeting a specific group of individuals who, until now, have been hiding assets with the specific intent of avoiding taxation by the Treasury Department. Per Ms. Klier, the federal government requires individuals to complete Form 8938 only under the following circumstances:
1) If you hold stock issued by a foreign corporation [because stocks eventually may generate capital gains when they are sold and US tax will be due.]
2) If you earn capital or have accrued interest from profits earned through a foreign business partnership
3) If you hold notes, bonds, debentures or other debt instruments issued by a foreign entity
[ because notes and bonds produce capital gain sooner or later – for which you will owe US tax.]
4) If you’ve earned interest in a foreign trust or a foreign estate [tax on interest will be due – even in a US bank account.]
5) If you hold options or other derivative instruments with respect to any of the forgoing examples or with respect to any currency or commodity that’s entered into with a foreign counter-party or issuer.
[For example Forex Traders who use a computer to buy and sell currencies, are not converting [Francs] from one currency to another. Forex traders can buy 1000 Swiss Francs (a real purchase) and then sell them back ten minutes later, hoping to have made a profit. Tax will be due on that profit. In contrast, Dinar holders aren’t selling anything when they convert Dinar to US dollars. The US dollars will be exactly equal to the value of the Dinar – assuming the RV has been announced.]
***I made a point of asking [IRS Klier] if currency secured through a licensed currency trader [like Dinar Banker] would bring a private citizen under the purview of the laws that Form 8938 is designed to enforce and she said “NO”.
Other than the conditions referenced above, Dinar holders are only obliged to turn in Form 8938 if they purchased the currency directly from a foreign agent or a foreign bank or agent operating outside of our borders***===-===
Only in the event that Congress creates a retroactive tax bill, there is currently no tax on currency conversions. If a capital gains tax happens to be announced later, it would not be fully due until April of 2013, but quarterly payments would be demanded throughout the year, and late penalties for missing the quarterly payments are very real.
(BORN AGAIN MINISTRY, LLC.)
— On Sun, 2/26/12,
Date: Sunday, February 26, 2012, 9:32 AM
[11:20:14 AM] [DinarWishes] THE FOREX MARKETS WILL OPEN AT 4PM CST TODAY AND TRDING BEGINS AT 4:15…. THE US FOREX OPENS TOMORROW MORNING AT 7AM CST…… BUT, IF T DOESNT SHOW AT 4:15 THEN THERE IS SOME SPECULATION IT WILL LAUNCH WITH THE LONDON FOREX OPENING… WWW.FOREX4NOOBS.COM HAS A GREAT SCHEDULE TO FOLLOW..
http://www.forex4noobs.com/forex-tools/forex-clock/ forex market times
10:01 PM [debtarheelgirl] FROM THE BIG CALL just now: Boots on the ground said the Kurdistan region just announced the RV
[BWM] GUYS DON'T TRY TO PIN THIS TO A TIME… THE CBI HAS ALWAYS UPDATED WHENEVER "EARL" FELT LIKE PUSHING THE BUTTON… DON'T SIT WAITING UP FOR A SPECIFIC TIME… YOU WILL KNOW WITHIN SECONDS UPON THIS HAPPENING…
[..SweetQueen] I have not heard rate for the VND, as my source is directly fom the sandbox and the information provided came from Baghdad.
[gridkeeper] Jonny, Sweet Queen and Okie have all confirmed it. That is three different sources.
8:02 PM [LadyLeeLee] UFG: ATTENTION I am on the phone right now with
Hammerman and he is excited and eating King Crab, he has confirmed with Cheney connection and Blaino's conntact and is hearing it from 2 civilians in Iraq. He is going to a concert but as he gets info he will get it to us. He is still
grounded and NOT calling it officially ye
4:49 PM [..SweetQueen] I got word earlier today that Iraq had released to the
Intenational Press the Revaluation of the Iraqi Dinar, rate is 7.45 pegged to
SweetQueen] I don't need a link, my source is directly from the sandbox.
SweetQueen] and since everyone is hesitating to call it, I just did. This comes directly from my sources. the men are afraid to call it, so it was up to the
SweetQueen] I'm on the phone with Jonnywg and he has confirmations that it has gone LIVE in Iraq and announced to the Intenational Community. He will have associated press confirmations within the hour, the GBP is currently 1.56 and will be revalued to an even higher rate.
SweetQueen] What I have is what is posted, further confirmations are pouring
in.We should see update of CBI come this evening.
[Cyndee49] forerunner4777 Wells Fargo Currency Converter on line about 15 minutes ago.
SweetQueen] IT WAS NEVER MY INTENTION TO CALL IT FOR THE SITE, I PASSSED ON THE INTEL AS I NORMALLY DO AND IT TOOK TO LONG FOR THE GUYS TO CALL IT, SO WHO BETTER THAN THE QUEEN WHOM HAD THE ACTUAL INTEL HERSELF. WHOOOO HOOOOOO
SweetQueen] punkin WHAT I KNOW THE RATE TO BE IS 7.45 PEGGED TO THE GBP.
SweetQueen] DreaminBig I EXPECT TO SEE IT WHEN CBI UPDATES.
[10:13:57 AM] Cap1 Verifies RV at Cap1Corner Chat Late Sat. Evening 02/25/2012
CAP1] HEY YOU RICH SHIP MATES!!!! BACK IN THE SADDLE HERE! GREAT DAY FOR AN RV!!!! JUST MADE SOME CALLS.. DID YOU GUYS NOTICE THE CRESCENT MOON WITH THE STAR/PLANET IN THE LOWER LEFT TONIGHT? THAT IS A VERY SPECIAL SIGN FOR THE MUSLEM PEOPLE .
[..CAP1] WELL, ATER A FEW PHONE CALLS- I CAN CONFIRM OKIE'S AND JONNY'S INTEL, WE DO HAVE AN RV!
[..CAP1] NOW, IT PROBABLY WON'T SHOW INTERNATIONALLY UNTIL TOMORROW SOMETIME, BUT WE SHOULD BE AT THE BANKS ON
CAP1] WELL, FROM WHAT I'VE BEEN TOLD, THE NEWS COMES FROM VERY HIGH SOURCES IN THE SANDBOX.
[10:25:59 AM] SilverLining: ==========================================
http://www.zawya.com/story.cfm/sidANA20120226T104111ZJZW44/ Tells about the budget was passed and other things moving forward
[10:31:36 AM] SilverLining: DINAR WISHES – 9:56 am est –
[DinarWishes] GOOD MORNING PEEPS AND FELLOW SQUIRRELS!!!! I HOPE EVERYONE IS DOING WELL AND REALLY HOPE WE SEE THIS SOON!!!! BE GROUNDED AND POSITIVE AND KNOW WE ARE WORKING TO BRING YOU THE BEST WE CAN!!!!
[r601a] DinarWishes – Good morning from Australia – Can you tell me if the Team has access to Bank screens today, Sunday please?
[DinarWishes] r601a i HAVE A GUY WHO HAS ACCESS TO THE BANK SCREENS AND I AN WAITING TO GET THE CALL!!!
[DinarWishes] AZ85 EVERYONE MUST UNDERSTAND THAT IF IT WAS ANNOUNCED IN IRAQ THEN IT WILL TAKE SOME TIME TO SHOW HERE….. BUT THIS IS WHAT I DO KNOW…. I KNOW THE BUDGET WAS PASSED AND WAS PUT IN THE GAZETTE…
9:22 AM [bluwolf]Iraq has officially gone international
9:22 AM [bluwolf] just let it flow in
9:23 AM [bluwolf] let it flow
9:24 AM [Gwaithfoed3] bluwolf What do you exect to see
9:25 AM [bluwolf] Gwaithfoed3 my bankers face
bluwolf] all I wili say that we are in the position just to get confirmations from our bank sources to the fac of it being officilly on our eastern cuadrant