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<p>[QUOTE=&quot;Owle, post: 1019033, member: 22004&quot;]ICTA is lobbying against the new requirements, let&#039;s hope they get a more common sense solution.&nbsp; Bottom line: the government wants more revenue and wants to discourage the cash economy.&nbsp; Frankly, the customer has a lot more recourse when paying for transactions with a check, and businesses paying customers with a check with verifiable IDs discourages various types of fraud.&nbsp; Coin dealers are the sharpest business owners I know of--they size up the customer, whether buying or selling, and make snap decisions based on their excellent business instincts.&nbsp; If the IRS just ramped up their audits of bullion dealers and coin dealers they would address the problem right there, the need for compliance on the law as it now exists.&nbsp; But my guess is that they are either pre-occupied with lower lying fruit, or bigger fish.&nbsp; It&#039;s frankly too much trouble to go over records in the volume that coin dealers are used to generating.[/QUOTE]</p><p><br /></p>

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