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<p>[QUOTE="CheetahCats, post: 844179, member: 23874"]See an tax accountant for guidance and prep. I do. And I don't mean those cheezy tax prep places either... I mean a <b><i>real </i></b>tax accountant. Costs around $200 yearly. And that $200 is tax deductible the following year.</p><p><br /></p><p>I don't understand why people attempt to try figuring out taxes on their own - esp. if they're buying and selling, and are planning their estate. </p><p><br /></p><p>If someone's modern car breaks, most people typically don't try to figure it out by themselves - they go see a mechanic. If someone's furnace stops working, most people typically don't try to fix the furnace themselves, they call in an HVAC service. If someone has a medical issue - most people go see a doctor...</p><p><br /></p><p>If someone's collection is <i>that </i>extensive and valuable...why should going to see a tax professional be any different? </p><p><br /></p><p>The only possible explanation otherwise would be temporary financial hardship. But then again, if a person's car breaks or they lose their furnace... most times they <i>will</i> figure out a way to get'em fixed regardless...</p><p><br /></p><p>And finally, the last thing I want is the headache with Uncle Sam / Big Brother, or nowadays, the <span style="color: Red">edited</span> Republic of the United States...</p><p><br /></p><p>-- my two cents.[/QUOTE]</p><p><br /></p>
[QUOTE="CheetahCats, post: 844179, member: 23874"]See an tax accountant for guidance and prep. I do. And I don't mean those cheezy tax prep places either... I mean a [B][I]real [/I][/B]tax accountant. Costs around $200 yearly. And that $200 is tax deductible the following year. I don't understand why people attempt to try figuring out taxes on their own - esp. if they're buying and selling, and are planning their estate. If someone's modern car breaks, most people typically don't try to figure it out by themselves - they go see a mechanic. If someone's furnace stops working, most people typically don't try to fix the furnace themselves, they call in an HVAC service. If someone has a medical issue - most people go see a doctor... If someone's collection is [I]that [/I]extensive and valuable...why should going to see a tax professional be any different? The only possible explanation otherwise would be temporary financial hardship. But then again, if a person's car breaks or they lose their furnace... most times they [I]will[/I] figure out a way to get'em fixed regardless... And finally, the last thing I want is the headache with Uncle Sam / Big Brother, or nowadays, the [COLOR="Red"]edited[/COLOR] Republic of the United States... -- my two cents.[/QUOTE]
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tax consequences of coin collecting?
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