{"id":16737,"date":"2019-02-28T19:18:37","date_gmt":"2019-03-01T01:18:37","guid":{"rendered":"https:\/\/www.dinarupdates.com\/observer\/?p=16737"},"modified":"2019-02-28T19:18:37","modified_gmt":"2019-03-01T01:18:37","slug":"bobthetaxman-4","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=16737","title":{"rendered":"BobTheTaxMan"},"content":{"rendered":"<p><strong><span style=\"color: #c23b3b;\">BobTheTaxMan<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 \u2026But my suggestion would be don\u2019t mess with it.\u00a0\u00a0<strong><u>take the conservative side.\u00a0 File it as ordinary income.\u00a0 Pay your taxes that\u2019s on it.<\/u><\/strong><u>\u00a0\u00a0<\/u>And keep your ear to the ground.\u00a0\u00a0<strong>Any kind of new changes that are going to come out in this particular arena the dinar crowd is going to pick it up and run like crazy with it.\u00a0<\/strong>\u00a0But most importantly if you have a half decent attorney or CPA who\u2019s familiar with Forex they\u2019re going to say \u201c<em>Guess, what?!<\/em>\u201d\u00a0 and then you go back and amend the return.\u00a0\u00a0<u><strong>So if you amend the return.\u00a0 You\u2019ll get back the amount of money you didn\u2019t have to pay taxes on PLUS you\u2019ll get interest from the federal government and if your state\u2026has an income tax they have to pay you interest as well<\/strong><\/u>.\u00a0 Hmmm\u2026sounds like a good plan to me.\u00a0 The thing I like about it is that I don\u2019t want to have to walk around downtown looking over my shoulder worrying about the IRS getting on my case\u2026.<strong><u>My invitation is to realize that if you elect to file capital gains you\u2019re walking the line.\u00a0 That line could turn and snap you.<\/u>\u00a0 If it does snap you it\u2019s going to cost you more money<\/strong>.\u00a0<strong>\u00a0If you take the line and be more conservative and pay it as ordinary income whatever initial taxes you paid you have three years to recover<\/strong>.\u00a0 And within three years they\u2019ll be some sort of an answer that will be well known\u2026let it go.\u00a0 I assure you you\u2019ll be a lot happier\u2026\u00a0 [Post 4 of&#8230;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BobTheTaxMan\u00a0\u00a0 \u2026But my suggestion would be don\u2019t mess with it.\u00a0\u00a0take the conservative side.\u00a0 File it as ordinary income.\u00a0 Pay your taxes that\u2019s on it.\u00a0\u00a0And keep your ear to the ground.\u00a0\u00a0Any kind of new changes that are going to come out &hellip; <a href=\"https:\/\/dinarupdates.com\/observer\/?p=16737\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-16737","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-4lX","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/16737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16737"}],"version-history":[{"count":1,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/16737\/revisions"}],"predecessor-version":[{"id":16738,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/16737\/revisions\/16738"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}