Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Reportable to IRS
>
Reply to Thread
Message:
<p>[QUOTE="statequarterguy, post: 791440, member: 21782"]<font face="Times New Roman"><font size="3">I see your point, the filing of a Form 8300, would notify the IRS that the seller had a sale – but, even sans the 8300, the IRS has ways to prove the seller made that sale. On the other hand, the purpose of the 8300 is to catch the buyer, who without the 8300 could disappear leaving no paper trail of the transaction. See post number #12 for the main purpose of the reporting requirements.</font></font>[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 791440, member: 21782"][FONT=Times New Roman][SIZE=3]I see your point, the filing of a Form 8300, would notify the IRS that the seller had a sale – but, even sans the 8300, the IRS has ways to prove the seller made that sale. On the other hand, the purpose of the 8300 is to catch the buyer, who without the 8300 could disappear leaving no paper trail of the transaction. See post number #12 for the main purpose of the reporting requirements.[/SIZE][/FONT][/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...