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<p>[QUOTE="kaparthy, post: 1018819, member: 57463"]Obviously, it changed since you retired. The existence of a new law to take effect in 2012 would be evidence of that.</p><p><br /></p><p><b>If you buy $600 in coins, you have to create a 1099.</b></p><p>You send one copy to the seller and another copy to the IRS.</p><p><br /></p><p><b>Stolen goods has nothing to do with it.</b> You think that an individual across a counter is less likely to have clear title to the goods, but that is flat out not true. It is accepted (perhaps not well attested, I confess) by law enforcement professionals that 20% of the goods sold lack clear title. That includes the new-in-the-box Nikes at a flea market. It includes a railroad boxcar of semi-finished components going to a Fortune 500 manufacturer. </p><p><br /></p><p><b>We record the details of identity as a commercial folkway.</b> In an earlier day, the merchant's daily journal was simpler, admittedly, but everything else was, too. Yesterday, I went to Panda Express for lunch. The receipt has the seller's name, address, and telephone number.... and website URL....[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 1018819, member: 57463"]Obviously, it changed since you retired. The existence of a new law to take effect in 2012 would be evidence of that. [B]If you buy $600 in coins, you have to create a 1099.[/B] You send one copy to the seller and another copy to the IRS. [B]Stolen goods has nothing to do with it.[/B] You think that an individual across a counter is less likely to have clear title to the goods, but that is flat out not true. It is accepted (perhaps not well attested, I confess) by law enforcement professionals that 20% of the goods sold lack clear title. That includes the new-in-the-box Nikes at a flea market. It includes a railroad boxcar of semi-finished components going to a Fortune 500 manufacturer. [B]We record the details of identity as a commercial folkway.[/B] In an earlier day, the merchant's daily journal was simpler, admittedly, but everything else was, too. Yesterday, I went to Panda Express for lunch. The receipt has the seller's name, address, and telephone number.... and website URL....[/QUOTE]
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