Let me start by saying that the IRS is a tricky outfit. They want to know when anyone makes any money,
and if you do, then they want you to pay.
When it comes too personal gold jewelry or even
platinum, gold coins, silver coins and many other forms of precious metals, the government has no way of identifying what you paid for it to make you pay taxes. It makes it very difficult for them to prove what you owe. Therefore the risk is small.
platinum, gold coins, silver coins and many other forms of precious metals, the government has no way of identifying what you paid for it to make you pay taxes. It makes it very difficult for them to prove what you owe. Therefore the risk is small.
Please note that the IRS typically does not audit private
individuals. It costs too much for what
they stand to recover. Caveat emptor!
I would assume there should be some questions here. Lay them on me!!!
I would assume there should be some questions here. Lay them on me!!!
The Wizz
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