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<p>[QUOTE="Owle, post: 1363729, member: 22004"]When I saw the topic, I wasn't sure what the focus was going to be. Personally, I have never gotten enough back from the tax man to matter, the only time I have made real money is as self-employed. At one time I got way behind in taxes, how about 10 years and didn't know what to do about it; trust me unless the three letter men are sending you letters, just go back three years--they will not give you social security credit for more than that--though I paid 10s of thousands in back taxes, they gave me no SS credit beyond three back years.</p><p><br /></p><p>The big advantage with precious metals and tangibles in general is they are not tied to an SS number, so the tax man does not know unless your coin dealer is providing them paper records, as APMEX does. Having a good honest book-keeper or CPA is important for peace of mind moving forward. Many of us are not that skilled with record keeping.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1363729, member: 22004"]When I saw the topic, I wasn't sure what the focus was going to be. Personally, I have never gotten enough back from the tax man to matter, the only time I have made real money is as self-employed. At one time I got way behind in taxes, how about 10 years and didn't know what to do about it; trust me unless the three letter men are sending you letters, just go back three years--they will not give you social security credit for more than that--though I paid 10s of thousands in back taxes, they gave me no SS credit beyond three back years. The big advantage with precious metals and tangibles in general is they are not tied to an SS number, so the tax man does not know unless your coin dealer is providing them paper records, as APMEX does. Having a good honest book-keeper or CPA is important for peace of mind moving forward. Many of us are not that skilled with record keeping.[/QUOTE]
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