Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Reportable to IRS
>
Reply to Thread
Message:
<p>[QUOTE="Just Carl, post: 791080, member: 4552"]However if you purchase $9,999.00 nothing need be reported you know. I've made many purchases over the years at coin shows and so far I've never asked folr nor offered a receipt. I've never seen anyone asking for a receipt. I've seen some dealers attempt to give someone one and the customer would either say no reciept or just walk away if it is insisted. I know there are rules of the amount and I'm sure that many dealers follow those rules if possible. But if a customer hands a dealer $15,000 in cash, I doubt he would insist on recording that transaction if the customer says so. Around me coin shows are basically like a flea market and no one keeps any kind of records there. I've seen individules with entire truck fulls of merchandise and no one is keeping track of anything. There are many, many rules of taxes and there are just as many people ignoring them. </p><p>That $9,999.00 I mentioned is just as possible as many other laws. For example there is law that says if you have an antenna 300 feet tall, you must have a flashing light at the top. Many organizations make their towers 299 feet tall.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 791080, member: 4552"]However if you purchase $9,999.00 nothing need be reported you know. I've made many purchases over the years at coin shows and so far I've never asked folr nor offered a receipt. I've never seen anyone asking for a receipt. I've seen some dealers attempt to give someone one and the customer would either say no reciept or just walk away if it is insisted. I know there are rules of the amount and I'm sure that many dealers follow those rules if possible. But if a customer hands a dealer $15,000 in cash, I doubt he would insist on recording that transaction if the customer says so. Around me coin shows are basically like a flea market and no one keeps any kind of records there. I've seen individules with entire truck fulls of merchandise and no one is keeping track of anything. There are many, many rules of taxes and there are just as many people ignoring them. That $9,999.00 I mentioned is just as possible as many other laws. For example there is law that says if you have an antenna 300 feet tall, you must have a flashing light at the top. Many organizations make their towers 299 feet tall.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Reportable to IRS
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...