Adept1: Possibly NO tax on currency ex
Adept1: Possibly NO tax on currency exchanges
Just received this from a reliable source:
FYI: This has been going around. It is true that straight currency exchanges have not been taxed in the past. Worth keeping in mind and consulting with your tax attorney when the time comes, and do not sign away any rights just because a banks suggests it.
The pivotal question is, can we prove this was not just an investment? Will a straight exchange be enough in this instance? Better be sure about your professional advice and get more than one opinion.
….
I have been talking with a smart, savvy ex-member that is well connected to a UST source. She shared some info she recently got about the taxes on our upcoming exchange. Here is what she said:
“There is no tax for a currency exchange. This is from my UST contact. Just don’t sign the form saying your exchange is an investment. Ask the banker if you are required to sign it?
Obama is requiring the banks to give us the form to sign so he can collect capital gains tax ~ but we are not required to sign it by law. Be smart. READ the form and make sure there isn’t any reference to an investment or you’re stuck with taxes.”
I asked her to elaborate some because if a form is presented I wanted her to share a strategy or idea on how to handle this portion of the appointment….here is what she shared.
“There is no tax for a currency exchange. After you sign your NDA (there) will be this other form the bank will want you to sign regarding the dinar being an investment. Ask the banker if you are “legally required to sign it? Get the banker to say no and remind him you are there for a currency exchange.”
What I get from this is that we need to take control of the appointment when this comes up. The atmosphere of a banker appointment is usually a tone of “oh, sign here?, Okay”…..which is probably how they want us to be.
However, if this is the law it should be looked at as one of these traps we have been hearing about. I plan on trying to get the answer by researching the topic before I go on my appointment. I will share what I find.
If any of you choose to research the topic or have any info to support or counter this please share with me what you find out.
Please DO NOT take this as direct Tax Advice from me…I am not a CPA nor is the person I got this info from.
Just received this from a reliable source:
FYI: This has been going around. It is true that straight currency exchanges have not been taxed in the past. Worth keeping in mind and consulting with your tax attorney when the time comes, and do not sign away any rights just because a banks suggests it.
The pivotal question is, can we prove this was not just an investment? Will a straight exchange be enough in this instance? Better be sure about your professional advice and get more than one opinion.
….
I have been talking with a smart, savvy ex-member that is well connected to a UST source. She shared some info she recently got about the taxes on our upcoming exchange. Here is what she said:
“There is no tax for a currency exchange. This is from my UST contact. Just don’t sign the form saying your exchange is an investment. Ask the banker if you are required to sign it?
Obama is requiring the banks to give us the form to sign so he can collect capital gains tax ~ but we are not required to sign it by law. Be smart. READ the form and make sure there isn’t any reference to an investment or you’re stuck with taxes.”
I asked her to elaborate some because if a form is presented I wanted her to share a strategy or idea on how to handle this portion of the appointment….here is what she shared.
“There is no tax for a currency exchange. After you sign your NDA (there) will be this other form the bank will want you to sign regarding the dinar being an investment. Ask the banker if you are “legally required to sign it? Get the banker to say no and remind him you are there for a currency exchange.”
What I get from this is that we need to take control of the appointment when this comes up. The atmosphere of a banker appointment is usually a tone of “oh, sign here?, Okay”…..which is probably how they want us to be.
However, if this is the law it should be looked at as one of these traps we have been hearing about. I plan on trying to get the answer by researching the topic before I go on my appointment. I will share what I find.
If any of you choose to research the topic or have any info to support or counter this please share with me what you find out.
Please DO NOT take this as direct Tax Advice from me…I am not a CPA nor is the person I got this info from.
Source: http://nesaranews.blogspot.com/2014/05/adept1-possibly-no-tax-on-currency-ex.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
