Thread: New Info....for anything here. Taxes, Chit-Chat, Whatever.

Originally Posted by DinarDarling

I know of people who have hidden Dinar on their bodies and gone through airport security easily. Dinar does not ring bells if on your body, but does if in any of your carryon's.

my husband just had his in his pocket, they asked have you anything of value to declare, he gave them an honest no, i have such and such amount of dinar, and away he went, no searches, questions or frisking.

Originally Posted by DinarDarling

I know of people who have hidden Dinar on their bodies and gone through airport security easily. Dinar does not ring bells if on your body, but does if in any of your carryon's.

Don’t count on it after the RV when a 25K IQD note goes from $19.84 USD to $131577.50 USD. They have the ability since the new Home Land Security Laws/Regulations to identify the “Count & Amount” of your IQD and USD.

Now if you are going to try and short cut the Laws/Regs your are going to lose your money and maybe meet Bubba during a long hot shower or as your new bunk mate! Learn the Laws/Regs and have a GREAT Attorney on your speed dial. Better to be prepared now then having to find one to take your case after you can’t afford a Public Defender…

DesertWolf

Originally Posted by DinarDarling

I know of people who have hidden Dinar on their bodies and gone through airport security easily. Dinar does not ring bells if on your body, but does if in any of your carryon's.

but you'll neverget past even a desent patdown! plus you are in another country that knows when you arrived and they think they know how much withif you suddenly apear to have mutch more,the apearance of criminal activity alone will be enough to have your stay extended. your true alabi could get you 3 hots and a cot and a lie you can't begin to prove will likely do the same.please feel free to do as you wish though. prisions in canida are mutch nicer than in the us. i can't say that for mexico. whatever you decide,enjoy yor trip.

Originally Posted by SHIELD 464

but you'll neverget past even a desent patdown! plus you are in another country that knows when you arrived and they think they know how much withif you suddenly apear to have mutch more,the apearance of criminal activity alone will be enough to have your stay extended. your true alabi could get you 3 hots and a cot and a lie you can't begin to prove will likely do the same.please feel free to do as you wish though. prisions in canida are mutch nicer than in the us. i can't say that for mexico. whatever you decide,enjoy yor trip.

I'm confused.....what patdown??? If you are honest and you have less then the declaration amount they do absolutely nothing, if you have the amount to declare just declare, no adverse actions would be imposed.

Originally Posted by rvalreadydang

my husband just had his in his pocket, they asked have you anything of value to declare, he gave them an honest no, i have such and such amount of dinar, and away he went, no searches, questions or frisking.

It’s apples to apples, not apples to oranges. If the value is over the value of declaration (and they can tell, I can’t tell you how) you have added the charge of making a false declaration and add to the additional element needed for the charge of smuggling which holds a large jail term and higher fines.

In short, DON’T RISK IT!


DesertWolf

Why would you want to exchange you IQD's in Canada? You will be subjected to Canadian Income Tax which is much harsher than the US tax code...

Originally Posted by rvalreadydang

I'm confused.....what patdown??? If you are honest and you have less then the declaration amount they do absolutely nothing, if you have the amount to declare just declare, no adverse actions would be imposed.

YOU SAID HONEST! my overall comment was to the idea of having the cash on your body.you put a desent ammount of cash on your person and somebody trained to look for such things will notice, thus the pat down.

if you think i'm wrong do as you will. just rememberthe old prison saying nobody can do your time but you. i truely doubt you'll come up with a scheme that they haven't seen before
but you might get lucky, they can't catch everything.

Originally Posted by SHIELD 464

YOU SAID HONEST! my overall comment was to the idea of having the cash on your body.you put a desent ammount of cash on your person and somebody trained to look for such things will notice, thus the pat down.

if you think i'm wrong do as you will. just rememberthe old prison saying nobody can do your time but you. i truely doubt you'll come up with a scheme that they haven't seen before
but you might get lucky, they can't catch everything.

ok, thanks for clearing that up, and yep, i'd never advise to sneak it out, it's just not worth the risk, better to be honest and breath easier.

Originally Posted by DesertWolf

I can see the U.S. Banking system exchanging your IQD for green backs. However, I don’t really see them exchanging your IQD for IQD and I don’t see them opening an account based solely on the IQD to allow you to do exchanges as the value changes.

Now if they did, the IRS would love to have you do this. As your IQD changed in value, you become libel for the taxes now, not when you exchange for green backs! I bet that there is a special IRS Enforcement Squad just biting and chomping at the bit while peeing their pants over this one!


DesertWolf

This information is incorrect. Changing denominations within the IQD does NOT constitute a currency exchange and therefore is NOT a taxable event. The ONLY event that will result in IRS taxation is when the Dinars are exchanged into USD and a capital gain larger than $200 is realized.

Originally Posted by rvalreadydang

ok, thanks for clearing that up, and yep, i'd never advise to sneak it out, it's just not worth the risk, better to be honest and breath easier.

THERE WILL BE SOME WHO WON'T BELIEVE ME BUT WHO AM I TO KNOCK MY BROTHER CANADIAN OR WHEREVER CORRECTIONAL OFFICERS OUT OF THEIR JOB SECURITY?!?