Iraqi Dinar Guru opinions 3-2-19
Iraqi Dinar Guru opinions 3-2-19
3-2-2019 Guest Guru BobTheTaxMan …If you made over a certain amount of money you did not get to use Schedule A. Period. That got taken out for 2018. There are no limits…Now charitable contributions: have been in the 30% to 50% allowable depending on your income. Now that’s changed. In 2019 it went from 50% to 60%. This means a whole massive amount of tax liability that would have occurred because of having this money you can write off as charitable contributions. Wow! That is freaking awesome! But you also need to remember…
3-2-2019 Intel Guru MarkZ [Do we have to exchange in the state we reside or can we exchange in the state we’re visiting at present?] I am being told you will be able to pick where you want to exchange…If you are worried about security, or your neighbors, or having people know you are sitting on a bunch of money…you can choose to go somewhere else to exchange so you are not in your local area, and come home and live a quiet life. Or exchange in your area and then move to where you want to be.
3-1-2019 Intel Guru MarkZ I was asked why I do this….I was too tired of seeing people at their wits end and depressed….Way to many people I’ve seen giving up hope and about to give up their currency and that was just killing me. …News has been intermittent…[Do I still feel good about where we are?] Yes I do . I feel very good about it. [I was told that the banks asked for one more day of training and that they the wanted the exchange to start tomorrow.] I am hearing the same from some sources….you have exceptionally good contacts….and that you are hearing this and I am also and we both have very different contacts is a very positive sign. I really do think we are close though based on very smart people involved in the process….
3-1-2019 Newshound/Intel Guru Randy Koonce Ladies and Gentlemen of Dinar-Land. Please put your tray tables in the upright position, and make sure your seat belts are fastened. It truly looks like we are on the final approach and that our very long ride is about to come to an end. I hope you have given much thought to, and made very wise plans as you exit the ride. As you all are aware of, this Iraqi dinar revaluation has taken many unexpected and unplanned twists and turns. Barring another new unforeseen bump, we are looking at March to be our final month of waiting for this to happen.
3-1-2019 Newshound/Intel Guru Randy Koonce Based on the information I have been able to get, we could see it as soon as this weekend, but hopefully no later than the 3rd week in March. That is our latest, and hopefully the last window. For some of you the tax consequences will be significant. Pay your taxes, but also be wise in the speed and manner in which you exchange…Take your time. Be deliberate and intentional. Be smarter than you’ve ever been in your life. There will never be another opportunity of this magnitude in our lifetimes. …ALSO this is very political so as I am very confident something can come up and delay. So do not quick breathing…We are close.. Every large bank will exchange… RELAX the RV is coming…Breathe…Check…CBI…every day to see if it has changed…
3-1-2019 Intel Guru RayRen98 1. Some US banks are seeing rates on the back screen, but we’re being informed that they are not the final rates. 2. Iraqi TV news broadcasted a spokesperson stating that a complete, seated government will be announced no later than March 17, 2019. 3. PM Mahdi reportedly announced on Iraqi TV that several ministers of his cabinet will be replaced due to their suspicious background. 4. Two reputable sources have reported to us that 35 Dinar is equivalent to $100 US in-country only. We await more detailed information regarding this process. 5. It is being reported to us that consumer market prices for goods services are being (or scheduled to be) adjusted due to rate changes. It is anticipated that fils (coins) will be effective with the new pricing structure in addition to the lower denoms that have been slowly trickling into circulation. Time Will Tell All!
3-1-2019 Intel Guru Bruce …I believe yesterday for about 3 ½ hours banks had video conference calls where they were going through last minute protocols, last minute information. …Rates are on screens… rates are going to be great. …Everything else is just us getting started. We are down to that point. Everybody has signed off. Everything is ready to proceed…We are poised to get started I believe with our exchanges by this weekend. If we get pushed, I do not know it yet…That is where we are. We are down to the wire.
3-1-2019 Guest Guru BobTheTaxMan …And is it really worth cashing in all this dinar and ending up with this huge amount of capital and finding yourself under the gun scope of the IRS. If you have an exorbitant amount of income that show up, I mean a great big chunk, you can justify it, that’s not the problem at all, but I promise you if they audit you and you have not paid your taxes on it they are going to hit you with penalties and interests. And it’s going to be huge. Just be aware. If you take a lot out and your tax returns jump way up high you might set yourself up for an audit. Plan on it. It’s going to happen. THREE: One of the amazing blessing that’s come from 2018 to 2019 taxes is the simple fact that in the past Schedule A which is where you put your itemized deductions and report your charitable contributions had limitations on it.