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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (23908)	6/19/2011 2:29:50 AM
From: Proud Deplorable	2 Recommendations Respond to of 50711

Yes, I stand behind my statement. You don't need a lawyer If it is an "account" with your name on it then it needs to be included in your TD F form. If you don't have any foreign accounts then you do now if you have a Goldmoney or similar kind of investment. Read the rules. They are available anywhere on the net. There are some who say that GoldMoney is not a bank account but a storage account however banks can also be considered as storing money or paper money or whatever. A smart person will not start getting too technical with the DHS over this lest they get suspicious that you might be laundering money and that can up the fines to 500,000.00 maximum. The best thing to do is file the FBAR to show you are on the up and up. There is NOTHING wrong or illegal with having a GoldMoney account but what IS illegal is not reporting it. You could get into a semantical argument with DHS and lose and it could cost you a fortune. Best to have physical gold and silver and hide it if you are worried but there is nothing requiring you to declare bullion holdings inside the USA. Anyway I have been waiting to see a ruling on this too. I claim that if Goldmoney is used as storage maybe you can get by but GoldMoney is used to buy and sell things making it a financial account Here is the problem right here goldmoney.com So...is it an offshore account? You judge

To: pogohere who wrote (23908)	6/19/2011 2:49:35 AM
From: Proud Deplorable	2 Recommendations Read Replies (1) \| Respond to of 50711

Here is the final answer here: qwealthreport.com "Unallocated precious metals programs such as the Perth Mint Certificate Program or GoldMoney are now definitely reportable." BTW silver is not reportable, just gold mountainvision.com Aren't you glad you live in the US? Well guess what? Americans everywhere including "US persons" must file these forms. I've done it for many years. Its very simple and might take an hour or so. Those nosy bastards want to know how often you pee as well. Also GoldMoney doesn't talk about it ;-) goldmoney.com goldmoney.com