Regardless of what the IRS says, now or in the
future concerning the revalue of the Iraqi Dinar, you have to realize that savvy taxpayers do things differently, legally,
but different. There is a new book in the Kindle Store of Amazon which explains
in everyday language how savvy taxpayers avoid and lower their taxes. Tax Loopholes Tax Free Living &Retirement; http://www.amazon.com/dp/B00DQGIU3Y Written by a tax
professional, the book will improve your knowledge on how to protect yourself
from serious tax consequences if you have invested in dinars
If you are waiting for the revalue of the Dinar, a better solution would be for you to be in constant study of how the wealthy handle money. The book Tax Loopholes, Tax-Free Living & Retirement explains in detail how the wealthy manage large sums of income. Yes, it is legally possible to avoid serious tax consequences when the Iraqi Dinar revalues. No it won't be easy. Yes, it is very legal and has been done for decades by hundreds of thousands of taxpayers.
This isn't to say that you won't need an attorney to accomplish the same task, however it is to say that you will have a better understanding of what you will expect your attorney to do. You certainly will be able to ask intelligent questions and present yourself as a savvy investor.
The biggest question(s) in the dinar forums include 1) how to exchange your dinars for US currency and 2) if your gains will be taxed as ordinary income or capital gains?
Again, these are the wrong questions, in reference to taxes. The question of "how do I protect my income from major tax liabilities" would be the best question. This is a major difference in how the wealthy think and how many of us who want to be wealthy think. The wealthy want to know, not how I'm going to be taxed, but how do I legally AVOID being taxed?
