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<p>[QUOTE=&quot;Owle, post: 837872, member: 22004&quot;]<b>Inventories and Coins</b></p><p><br /></p><p>ICTA did not tell me inventories are required in tax filing--but I haven&#039;t asked them--they did say I needed to file an 8300 form if I handled cash over $10K.</p><p>&nbsp;</p><p>The CPA in question (not the preparer I hired this year) did tell me that inventories are mandatory; he also asked for power of attorney as I was filing some unfiled tax years, talked about inflating deductions for custormers and getting kickbacks from them, and gave me three different versions of possible tax filings; and showed me a generally unethical practice.</p><p>&nbsp;</p><p>I think it is good to do personal inventories so you know whether you have $200K or $300K in total value at a given time.&nbsp; Having a financial advisor is a good thing, but they tend to be backers of stocks, bonds, Roth IRAs and other &quot;conservative&quot; practices. The good thing about owning physical assets is a lot more flexibility in investments.[/QUOTE]</p><p><br /></p>

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