Sqwatchy December 15, 2014 at 5:48pm REMINDER: NEW ZIMBABWE COINS ARE SET TO START CIRCULATION ON DECEMBER 18, 2014. 1:1 WITH THE USD COINS. GREAT TIMING FOR A NOTE RE-INSTATEMENT....BEFORE THURSDAY.
Sqwatchy December 15, 2014 at 5:40pm CHINA DUMPED $13.6 BILLION OF U.S TREASURIES IN OCTOBER. NOW HOLDS $1.25 TRILLION. 20 MONTH LOW!
Sqwatchy December 15, 2014 at 5:24pm Russia SURPRISE CENTRAL BANK MOVE: RAISES KEY INTEREST RATE TO 17% FROM 10.5%
Dee December 15, 2014 at 4:43pm Just got this…..Copied From Twitter: @JCR3758: The final reading of the 2015 Budget is scheduled for Tues. It should have the new rate. So the question is does it have to RV before? Hmmm
Don > Dee December 15, 2014 at 4:56pm Can't open Budget and use it unless there is a LIVE rate, so my answer is YES
Guesses to Exogens NEW Picture Clues/Intel:
G T December 15, 2014 at 5:08pm OK.....
We have the Parallel Budgets in Iraq & US
We're in THE FINAL COUnTDOWN on MINUTE BY MINUTE WATCH
Their Supposed to present the 2015 Budget in Iraq (from what information I HAVE isn't Required for this RV to go PUBLIC because we DON'T HAVE A PUBLIC VALUE for Trading The Dinar Yet)!!!
From the Notes I Read from Tony's Call the UST held up the Public Release Last Night/this Morning for & 3 LAWS that needed to be completed......Did I Read this right because from my History Lessons the UST has NO AUTHORITY To PULL THAT BIG BOY MOVE (but Tony & DC's INTEL Says Between NOW & 24 Hours)!!!
I Guess their TRULY IS.....NO RULES!!
But if this is RV/GCRs Scheduled to To go Public (AND DOES SO) in the Next 12-24 Hours......I can CARE LESS WHO'S RIGHT/WHO'S WRONG or Which Guru get's the Credit!!!
Troy December 15, 2014 at 6:59pm Folks! Folks! Folks! Iraq already has a rate! It's just not public yet? Where do you all think the $3.58 comes from? It was seen on several admin hold banks screens as well as oil trade deals and so forth. When this goes down in history, beware of what date is used as the official RV, but who will care when we are out saving the world. The big time crooks were even exposed to the new rate, which got alot of them caught up doing dirt with the new rate info. Hmmmmmm
wilbur grodan December 15, 2014 at 8:09pm USA TUESDAY PREMARKET now looks promising......Watch out for FALLING OBJECTS
Sem December 15, 2014 at 8:00pm Just received even more great news. Keep on Keeping On
R.V. / GCR > Sem December 15, 2014 at 8:18pm Liquidity may start tonight
Sem > R.V. / GCR December 15, 2014 at 8:23pm follow the money
MONDAY AFTERNOON QUESTION........Posted by EXOGEN on December 15, 2014 at 4:13pm
DO YOU THINK THE UNITED STATES ADMINISTRATION IS CURRENTLY WORKING ON A NEW FOREIGN CURRENCY TAX THAT WILL BE IMPLEMENTED IN 2015???
TOOTHLESS CRACKHEAD Why do you think [O] wants this to happen after the first of the year, I have been saying this for eight months now, and you think they did not do something on the tax laws in Jan. 2014 or let you know the full paper work on 13303, So they are covering themselves on the taxes from when they exchanged in Nov. 2013 and who knows what else. There's always a scumbag move with the PTB.
Donna Of course. What do you think the hold up has been all this time?
BlueEyedGoddess Simple. Anyone exchanging after a specified date will pay x% taxes. Excludes Congressional bastards and we are caught in that funnel.
Dr. Mark I will be amazed at what the taxes will be since, from what we have been told, that many in Congress/Senate have made large amounts of money from this event. Not sure how hip they will be on paying large percentages of their money to taxes. Just an opinion....
Toothed Crackhead > Dr. Mark Thats the point - they wont have to pay the extra taxes that are levied for 2015. They get the lower taxes - it is us that would suffer.
D.K.C. I don't think anyone knows what the tax rates will be yet...that's why so many Intel Providers say to save 50% for whatever taxes they are going to throw at us......or more......unless of course there really is a Republic that will abolish the IRS and implement a fair tax......but I sure don't see any concrete proof of that happening...so prepare for the worst and hope for the best! IMO But the current government are many blood-sucking parasites who want to bleed us dry so we should all BEWARE
EXOGEN December 15, 2014
1. WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF A NON INTEREST BEARING ACCOUNT?
2. WHAT IS THE DIFFERENCE BETWEEN A MULTIPLE CURRENCY ACCOUNT AND A MULTI CURRENCY ACCOUNT?
G T > EXOGEN
Multiple Currency Accounts (individual Accounts for each Currency that you own)
Multi-Currency account allows you to hold all Currencies in One Account
Not Every Bank Offers these Type of Accounts
EXOGEN December 15, 2014 ARE CURRENCY EXCHANGES TAXABLE EVENTS??
RSR > EXOGEN My CPA is with BDO and he said that anything above $200 in gain is taxable.
RWare > EXOGEN this guy says yes
beezil > EXOGEN exchanges are not currently taxable... per my tax attorney. They certify my federal payroll by the way.
beezil > The key is... have your team in place to properly guide you through the items that could become issues later. You will have plenty of money to do so. This includes your attorney, accountants, and wealth management and advisors. Pick them as if you were picking an all start team. they will be yours!!
Kilo15 > EXOGEN The purchase of the foreign currency is not taxable transaction.
The sale transaction is reported on the schedule D - http://www.irs.gov/pub/irs-pdf/f1040sd.pdf
If you held the foreign currency more than a year - the gain will be taxed at reduced rate - not more than 15%.
If you held the currency less than a year - the gain will be taxed at your regular tax rate.
State taxes are extra.
Read more: http://www.justanswer.com/tax/2tzwy-bought-foreign-currency-low-rate-exchanged.html#ixzz3M0X6t3dk
Kudu70 I had heard they were working on that for 2015. Part of the reason for dragging this out. Let the F&F, groups and Internet groups through, then tax the public more. my guess
BaNDiTo.RoX > Kudu70 BINGO... Your right up to the point of F&F and the rest... Everyone will get taxed if it drags into 2015 because of the new Taxes and IMO no one has exchanged yet and IMO...
EXOGEN > Kudu70 BUY SELL AGREEMENTS ARE DIFFERENT FROM CURRENCY EXCHANGES, MAKE SURE YOU UNDERSTAND THE FINCEN FORMS................. WWW.FINCEN.GOV
Olewiseone > EXOGEN What exactly is a buy sell agreement? how does it work? Is it something we can consider?
beezil > Olewiseone a buy sell agreement is a contract... that would make this a taxable event with a net profit..... which would be taxed.
beezil > BaNDiTo.RoX friends and family were more than likely structured in a buy sell agreement... or contract. which means there is a net profit which would be taxed. i agreed with you Bandito. no one has EXCHANGED.
Coffeeone > BaNDiTo.RoX They have probably taxed those involved in buy-sell agreements.
cal56 > EXOGEN December 15, 2014
Yearly Average Currency Exchange Rates
Translating foreign currency into U.S. dollars
You must express the amounts you report on your U.S. tax return in U.S. dollars. Therefore, you must translate foreign currency into U.S. dollars if you receive income or pay expenses in a foreign currency. The only exception relates to some qualified business units (QBUs), which are generally allowed to use the currency of a foreign country.
Note: Payments of U.S. tax must be remitted to the U.S. Internal Revenue Service (IRS) in U.S. dollars.
Currency exchange rates
The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently.
When valuing currency of a foreign country that uses multiple exchange rates, use the rate that applies to your specific facts and circumstances. For example, if you have a single transaction such as the sale of a business that occurred on a single day, use the exchange rate for that day. However, if you receive income evenly throughout the tax year, you may translate the foreign currency to U.S. dollars using the yearly average currency exchange rate for the tax year.
Note: The exchange rates referenced on this page do not apply when making payments of U.S. taxes to the IRS. If the IRS receives U.S. tax payments in a foreign currency, the exchange rate used by the IRS to convert the foreign currency into U.S. dollars is based on the date the foreign currency is converted to U.S. dollars by the bank processing the payment, not the date the foreign currency payment is received by the IRS.
Yearly average currency exchange rates
For additional exchange rates, refer to Foreign Currency and Currency Exchange Rates.
To convert from foreign currency to U.S. dollars, divide the foreign currency amount by the applicable yearly average exchange rate in the table below. To convert from U.S. dollars to foreign currency, multiply the U.S. dollar amount by the applicable yearly average exchange rate in the table below.
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)