(Dinar Recaps Note: All questions pertaining to this chat please send to the 3sIntel Forum, NOT Dinar Recaps. Their url is listed in the post on page 2.)
ChaChaSquirrel: Will the packages at the banks be something you give us with a code at the bank or how will we get our "special deals" thank you!
BWM: codes...from my understanding Jonny will post the promotions
zapper: For us newbies, what are the bank packages?
BWM: Packages that will allow you to get certain rates, no fees, insurance and other things.... final items will not be determined until the RV is announced
onechance: Since some people don't have computers is it not ok for family members to sign them up for Membership?
BWM: well sure....again, we don’t want to slight anyone. This isn’t a competition… just giving you what we can
OLC59460: BWM have you heard anything more on the 15% flat tax rate for the dinar?
BWM: Still up in the air.... still under the idea that the loophole exists for the "certified ruling”
gardener: Lots of folks making forecasts. ...what are your thoughts on the spreads between CBI, UST, and the banks?
BWM: Can't even fathom that... but I think it could be ugly for banks to us at first... just negotiate...
Sherrymio: How will we know of the packages you have negotiated? Is there a place to go to see them?
BWM: They will be posted with information here in the forum.
chocolaterv: BWM when I saw your name come up in Jonnywg’s class, a big smile came on my face. We have missed you a lot. Good to see you. Thanks you for all your help. You are special.
BWM: Thanks for the kind words... it's good to be somewhere that people are genuinely welcomed and allowed to enjoy their company.
sixwings: HEY BWM!!!! Soooooo glad to see you ... you have been missed!!!!
LibbytheLab: Thank you BWM - appreciate your patience with us!
BWM: Again... thanks for those kind words
nevadachick: BWM, I have tried numerous times to register on the site and it says code is wrong. Is the site still having trouble?
BWM: have seen a couple of folks having problems... see if Katt can help
AndieZ: If your registration is not processing make sure you have the correct number of characters in your USERNAME and password - only letters and numbers - NO underscores or hyphens
mnivek: For those of us that have held our dinar for less than a year, what is your recommendation re: capital gains?
sixwings: What do you feel we will face on taxes? 15% across the board ...or....15% and 35% based upon long term and short term? Thank soooooo much for your hard work!!!
BWM: I'm gonna try to get all these together
sixwings: Would you mind explain "certified ruling" in regards to loopholes on the possible 15% tax?
BWM: Again... the certified rulings is made by your tax attorney to the IRS to "certify" your tax event and clarify the amount that you will owe on the transaction...don't pay until you certify that the 15% is not in play...
Read More Link n Right
Rich: How do I join?? I am a guest now
BWM: we have a link to the forum to register... I don't have that handy
AndieZ: FORUMS LINK : http://3sintel.com/phpbb/ click Register
anteup: BWM if it rv's tomorrow would it be too risky to wait 45 days for one of my purchases to be long term....all the rest are already long term
BWM: Hang on and let's see the rate... then we'll know what the process is to move forward from there... if it's high then you might rethink that
belladonna: BWM are you in agreement with all of the other intel being provided for possible RV soon? (this week)
BWM: yes... beginning looking tonight's window til CBI updates
.live4thebrand: Which would you use if you had too Wells Fargo or Chase?
BWM: I dislike Chase a LOT... has nothing to do with RV...
tobydinar: BWM it appears everyone is fairly confident for rv tomorrow, do you see anything that could still by a snag and postpone the rv?
BWM: It's world global economic crisis.... there can always be a snag
ringbell: BWM thanks for all you do. What percentage rate would you give this happening before 8 am tomorrow?
BWM: I don't do percentages... you obviously have the letters following my B confused with someone else...
evadevad: Did you know you can open a legacy treasury direct account with the United States Treasury and deposit your fund into that account?
BWM: I've heard about that... just don't trust the Treasury... HA
Dolly119: Will those packages be for Texas only or for the big 4 in other states too?
BWM: A couple of different banks and they will work nationwide...
nana67: BWM: we just found out that my husband’s cancer has come back, if this doesn't happen tonight or tomorrow, when is the next timeline? Thank ya'll so much for your time!
BWM: I'm so sorry to hear that having lost a mother to cancer... I wish I could give you specifically the time period... I can only work from now going forward... and the window is good tonight so we'll see
ChaChaSquirrel: How can we thank you and Jonny for all the help and your families that make the sacrifice of time?? Thank you...Really!
BWM: Thank y'all for your support....
extremepoolguy: Pardon my lack of knowledge but can you explain in short what a spread is? I have been seeing this and not quite sure what it means. Thank you
BWM: A spread is an amount between two numbers... For example... if the CBI was $6 and the UST was $4, the "spread" would be 2 dollars or a percentage... it will affect the amount you get to take home
blackbeardnc: BWM: Is an RI viewed the same as an RV by the IRS?
BWM: No... it affects their ability to move the amount within the first 30 days and beyond...
holistichealth: Just read that the Super Committee is looking into the revising Gift Tax - which is currently $5 Million thru 2012 - and thinking of changing it to $1 Million? any thoughts?!
BWM: they want to get the numbers down to get more from the "new" money IMO
kaylie71: Will taxes be owed upon cash in or can we wait til April?
BWM: Currency taxes are paid every quarter... so it wouldn't be due til January
rail1: Do you need to pay your taxes at time of cash in? thank you for your work
BWM: you can pay your taxes but by doing that you may pay too much...
LINDEEE: BWM...isn't Wells Fargo a foreign bank?
BWM: No, thy have domestic holdings here in the us
waiting4theblessing: Hi I'm new to this...Where do you look on the CBI website for rate changes?
BWM: Main page... http://www.cbi.iq
Flowood Dinar: I have been in the dinar for eleven months. If it rvs, can I cash it in and have it sent to a 3rd party escrow and wait one more month to get a full year to enjoy long term cap gains treatment?
BWM: When you cash it... you have activated a taxable event...
superbiz01: Hi BWM, Thanks for all you do for us. Is there actually something in writing that shows the US Dollar is not to be used in Iraq as of the 15th? In addition, Shabbibi stating they would pay in RV'd dinar at that date - is it rumour??
BWM: I have heard thru boots on the ground... not sure about in printing
geo: BWM, so will there be a spread of dinar holder to bank? bank to ust? and ust to cbi?
BWM: Negotiate, negotiate, negotiate
Justforfun: What about the guy who said Kuwait needs it's dead back before it will RV, also said it wanted all equipment back that was lost or damaged in the war replaced?
BWM: It's in a hole.. not hard to find
onechance: BMW, regarding the Certified Tax, sorry to repeat. When you say don't pay until you certified; that the 15 percent is not in play. What does this mean?
BWM: Certified RULING.... each taxpayer must do this separately... have a tax attorney send letter to the IRS to get an opinion letter. Worst case, pay the 15% and then see what happens.
jabez4: BMW, the packages that have been developed - is there a Canadian component? I have sent an email to the abacus e-mail address, will I get info that way??
BWM: Jonny will deal with that... and send it to you
CaliGirl: Do you think Eart will show up on time to work tonight?
BWM: doubt it...
alohalani: aloha BWM....do you think the APEC conference plays a vital part for the RV?
BWM: O is about to go on live... so we'll see
ringbell: BWM does the President speech that is happening tonight have anything to do with rv
BWM: We should listen.. don't expect to hear the letters RV but certainly hear him talk about global economic issues
homeschoolmama: If we over pay will we be reimbursed when we file taxes for the year?
BWM: hint... don't pay til you know what to pay... LOL
1england: Is it true that the FDIC can take up to 100 years to pay back insured funds in various bank accounts? If so, what's the point? Your thoughts...we will all be in Daisyville by then! Love you BWM..TY
BWM: Be careful with your accounts... the packages will have insurance from I believe
lareva: I have a question regarding taxes in Canada. Can anyone help me?
BWM: Talk to the jonny cuz the hick don't know...
sandy: What is this ruling about? Only if you held currency long term?
BWM: No, the ruling will certify that you are due to pay whatever amount... hence the 15% we are looking for
flipflop: I know that currencies regularly update twice a month, but was wondering if you know of a time, before this, where they have done so many at once in the "basket"
BWM: There are a number of currencies that update monthly... constantly changing.. an amount tho.. none that I can recall at once
MRP: BWM, if dinar given to me as gift, then gift tax applies, maybe?
BWM: If you give it now... it's pretty worthless
homeschoolmama: So could it be that some would qualify for 15% and others wouldn't even if they have had the dinar the same amount of time?
BWM: If you apply... the loopholes are for everyone... not everyone will take advantage of the opportunities
Rich: I have read that you should cash in a little and then find a good tax lawyer(s) and adviser(s) before cashing the rest in...there are maybe ways to cut your tax costs.
BWM: absolutely... get with a tax attorney AND a CPA... because some things will affect your everyday issues that a cpa would be more familiar with... most banks, when this happens, will give you a tax attorney in your package
taildragger TD (t-pot60): Are you going to (HEY YONY) post your class in forum. Thanks BWM you guys are great. Looking forward to post RV help and to meet you someday.
BWM: HEY TONY... I don't know what we decided... LOL
gardener: Is that a sideways picture of a table lamp on your reply line?
BWM: is it...
alohalani: What channel for O?
WM: it's on everything I believe... I'm on whitehouse.gov/live
dlareva: I am a US citizen but I live in Canada. I have to file taxes in both the US and Canada. How much % will I pay on dinar when it RV?
BWM: YIKES... again... ask Jonny where to start at that...
gridkeeper: If Dinar Banker only charges $150 to fly in to cash us out. And they give us the CBI rate...how are they making any money? Any idea?
BWM: They’re making money.. don't worry about Ty
sandy: So if you get tax attorney thru bank, he/she should be able to recommend a cpa? Do you think most cpas are familiar with this kind of investment?
BWM: Yes... and the tax attorney will do most of your setups... the cpa will deal with the long term handling of your taxes
ChaChaSquirrel: Will you post all the information somewhere after the RV on how and what to do...I am not a bank person, I save lives every day...I have kept this a secret and will have to catch my hubby and daughter up to speed so they can help me make decisions..I need the info in writing to give to them...will this be available?
BWM: We will be here post rv to share information... and post all the stories of good, bad and ugly
Iam1man: I guarantee you that whatever airport that Dinar Banker flies into for cash out, they will have more than just you or I to cash out in whatever city the fly into.
BWM: True... key are international airports
PIGGYBANK: Should a tax attorney be the one to set up the trusts?
extremepoolguy: Depending on the "spread" is the Dinar Banker the best deal or is that up to each individual?
BWM: That will be a personal thing... you need to look and see what your bank can offer you vs. the dealer
holistichealth: If dealers are kept out for two wks - how will that work? People will have no choice but to go to banks, right? Will dealers be forced to close down too? - I know this sounds like a repeat, but don’t think dealers will be flying into any airports if banks are ruling this deal....
BWM: No. Why would that close down dealers? And we don't know about that scenario but we wanted to make sure we understood what could happen if it was true... If it shows on the CBI it's on..
oucrazy: Is one trust better than another for our purposes?
BWM: That’s why I would suggest both CPA and a tax attorney.... Yes, certain trusts allow more benefits for children, businesses etc... be up front and honest about your needs to make sure you're protected.
ofcourse13: Can we cash THEN do trust or other way around necessary?
BWM: You could cash a little and set up things... just be careful of setting up another taxable event when moving money.
BWM: OK guys... Questions done and press conference close to starting... back to regular chat...
BWM: Thanks for coming to classroom tonight