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<p>[QUOTE="Jim Dale, post: 8082464, member: 100459"]I am a CPA, but not a tax CPA CFA. However, some time ago, I saw it advertised on TV that Precious Metals can be part of your IRA. My wife and I are both retired state employees. She was a High School English teacher and I was an Internal Auditor. When we saw the TV commercial, we decided to deal with something we could understand and we figured we would deal with the laws governed and managed by the State Controller's Office. I do our Federal and State Tax Returns and have never been audited. My thoughts are, "If you aren't a CPA, CFA, or an attorney and you have an IRA or want an IRA, get their help." </p><p>Do you remember the request at the bottom of the tax form where they ask for your profession? If you list your profession as a carpenter and you do your own taxes AND you have an IRA? They have huge computers and computer programs that look at that type information and it increases the likelihood that they will audit you.</p><p>Best of luck![/QUOTE]</p><p><br /></p>
[QUOTE="Jim Dale, post: 8082464, member: 100459"]I am a CPA, but not a tax CPA CFA. However, some time ago, I saw it advertised on TV that Precious Metals can be part of your IRA. My wife and I are both retired state employees. She was a High School English teacher and I was an Internal Auditor. When we saw the TV commercial, we decided to deal with something we could understand and we figured we would deal with the laws governed and managed by the State Controller's Office. I do our Federal and State Tax Returns and have never been audited. My thoughts are, "If you aren't a CPA, CFA, or an attorney and you have an IRA or want an IRA, get their help." Do you remember the request at the bottom of the tax form where they ask for your profession? If you list your profession as a carpenter and you do your own taxes AND you have an IRA? They have huge computers and computer programs that look at that type information and it increases the likelihood that they will audit you. Best of luck![/QUOTE]
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