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2011 Tax returnes

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2011 Tax returnes Empty 2011 Tax returnes

Post by plugugly Sun Jan 22, 2012 12:51 am

While my wife was looking over our Taxes for 2011 to file on line there was a question that made her stop and ask me. Do you have any foreign investments? That includes checking savings in any account other than the USA. If you do not report it than there would be significant penalties! After that question they did not want any other information no accounts numbers no amount nothing. I'm wondering is the IRS checking to see just who has Dinar so they can audit them after the RV.

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Post by 1alaskan Sun Jan 22, 2012 3:02 am

First,

You should your tax guy,

Second I don't think question has anything to do with your IQD, only if you have ACCOUNTS in other countries

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Post by BURNS Sun Jan 22, 2012 6:55 am

IT WOULD SEEM THAT FOREIGN INVESTMENTS WOULD BE REAL ESTATE, STOCK OR BONDS OR BANK ACCOUNTS.. THE QUESTION IS PROBABLY AIMED AT OFF SHORE ACCOUNTS... IMHO



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Post by therealbutterfly Sun Jan 22, 2012 7:28 am

IF you have a warka acct or any isx stocks then report that. But you have basically a collectible currency at this point. And there is nothing to report since there is NO change in value since you havent exchanged it for USD. If you NEVER do anything with it, it wont be taxed. This is not a new thing on the taxes. Its just been tweeked. Several threads on this already if you use the search button. Hope that helps. Smile
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