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<p>[QUOTE="Owle, post: 837263, member: 22004"]<b>Taxes and Coins</b></p><p><br /></p><p>I have pre-paid legal--they offer wills free as part of their basic membership--$40 or so a month, hours of free legal consultation. </p><p> </p><p>On the tax front it is true that the IRS sometimes pays the 15% finder's fee--but only if you provide really damning evidence that is key to their cracking the case. I would turn in tax protestors to the IRS--those who are encouraging others to engage in blatantly criminal behavior--it is best that tax fraud is caught early, otherwise interest and penalties on the tax debt start mushrooming if left for a few years. By law certain crimes must be reported.</p><p> </p><p>There are numerous cases of unreported income, say, in cases of cracking coins out and upgrading them; finds at coin shows where a rare type colonial is discovered and where tens of thousands of dollars are made without the IRS knowing basis. Audits should be a lot more common, and many have predicted that taxes will be jacked up on gold, coins and collectables. It is absolutely unreal how gold is being so heavily promoted on conservative cable shows. They must be selling quite a bit.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 837263, member: 22004"][b]Taxes and Coins[/b] I have pre-paid legal--they offer wills free as part of their basic membership--$40 or so a month, hours of free legal consultation. On the tax front it is true that the IRS sometimes pays the 15% finder's fee--but only if you provide really damning evidence that is key to their cracking the case. I would turn in tax protestors to the IRS--those who are encouraging others to engage in blatantly criminal behavior--it is best that tax fraud is caught early, otherwise interest and penalties on the tax debt start mushrooming if left for a few years. By law certain crimes must be reported. There are numerous cases of unreported income, say, in cases of cracking coins out and upgrading them; finds at coin shows where a rare type colonial is discovered and where tens of thousands of dollars are made without the IRS knowing basis. Audits should be a lot more common, and many have predicted that taxes will be jacked up on gold, coins and collectables. It is absolutely unreal how gold is being so heavily promoted on conservative cable shows. They must be selling quite a bit.[/QUOTE]
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