BobTheTaxMan

The IQD is considered to be “ORDINARY INCOME”…the taxes due will be calculated by your personal tax bracket and marital status at the time you exchange your IQD for USD.  […]

We as private holders of this currency were considered speculators anticipating gains from this revaluation …This is not tradable on the Forex.  It’s not even usable here in the United […]

Let’s take an example…somebody purchased it [Iraqi dinar] for a thousand buck.  The projected value would increase to $1,000,000.  This particular investment type is treated as ordinary income.  They decide […]

The [Modern day]  IQD…replaced the previous currency that once had a value of $3.75 (that was an inflated price that was brought into play by Saddam.  It wasn’t justifiable and […]

Let’s talk taxes…[changes] are hidden inside what they call “The Green Book”…when the RV comes to fruition it’s going to move you up.  It’s going to catapult you right into […]

Currencies are treated differently.  We know our exotic currency the IQD is going to be treated as ordinary income.  It’s calculated on your personal income tax bracket and your filing […]

Question:  “Is Warka back on board?  Can we connect with them?  The bank itself has one main branch which is still open in Baghdad…structure wise they still are there, they’re […]

I get a lot of inquiries about this…money they’ve  [The Inflation Reduction Act]  put into the…IRS.  You’re always going to have the rhetoric of  ‘they’re going to strip you of […]

Before you jump – get professional help…fear and greed are going to come into play.  It’s going to be easy to want to just jump.  Say I have 2 million, […]

…Exchanging the IQD in a high amount is going to be a costly event…to give up half of it just because you want to panic isn’t good thinking at all…they […]

The facts regarding taxation on the IQD – It’s going to be ordinary income.  Meaning it doesn’t get the favored tax treatment that a capital asset would…the taxes due will […]

IQD Roundup – It was created during the Iraqi war around 2003.  It replace the previous currency that once had a value of $3.75…it’s managed by the Iraqi government and […]

Gifting assignments… they’re simple.  You can do them in the middle of the night in your underwear…it’s going be really really valuable somewhere down the road.  The cool part is […]

If you have more than that then you need to consider some plans to reduce that taxable estate.  If the RV is more than 1 to 1 then you still […]

Because our estate [taxes] situation is considered a fluid minefield.  It’s not like ordinary income – you know we cash in our IQD, we pay taxes on it.  Fine.  Hunky […]

The value of the Iraqi dinar is fixed by the Iraqi government and does not change unless the central bank changes the exchange rate…now that high oil prices are netting […]

What needs to happen to change the value of the IQD? There are some reasons to be optimistic about the future of the Iraqi economy. With 9% of the world’s […]

When it comes to fruition here’s the main things we need to be aware of in order to capitalize on this investment…First of all the IQD is an exotic currency […]

Emerging markets are countries that have some characteristics of a developed market but yet not fully developed …Iraq and Mongolia are the two latest that are moving from a kind […]

We have found out because I happen to have a contact in Warka that verified the information that we thought was true that they have been pretty much shutting everything […]

We have found out because I happen to have a contact in Warka that verified the information that we thought was true that they have been pretty much shutting everything […]

We have found out because I happen to have a contact in Warka that verified the information that we thought was true that they have been pretty much shutting everything […]

This is a government process.  This is going to go through a series of things they’ve got to accomplish.  They did get Kuwait taken care of…we are in a really […]