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whats your lowest mintage coin?
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<p>[QUOTE="medoraman, post: 1526049, member: 26302"]I always wondered what the heirs would have done if they had won the legal battle with the US concerning these 33's legality. In my view, even if they had won, they then would have had to face the IRS. This man's estate did not declare I am assuming, (since his daughter just "happened to find these under a scarf"), the value of these coins in his final estate tax return, (and possibly state inheritance tax returns as well). Either way the US was winning that fight, either to declare these US property or to find the heirs committed tax fraud. In my mind, the US was right, too, since either way something underhanded was done.</p><p><br /></p><p>Not declaring 7 extremely valuable coins on his estate tax return is tax evasion and tax fraud. The only escape from that argument would be for the coins to be declared stolen property, as lucky for the heirs they were.</p><p><br /></p><p>I wonder what other items that family "overlooked" when filing his tax returns.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1526049, member: 26302"]I always wondered what the heirs would have done if they had won the legal battle with the US concerning these 33's legality. In my view, even if they had won, they then would have had to face the IRS. This man's estate did not declare I am assuming, (since his daughter just "happened to find these under a scarf"), the value of these coins in his final estate tax return, (and possibly state inheritance tax returns as well). Either way the US was winning that fight, either to declare these US property or to find the heirs committed tax fraud. In my mind, the US was right, too, since either way something underhanded was done. Not declaring 7 extremely valuable coins on his estate tax return is tax evasion and tax fraud. The only escape from that argument would be for the coins to be declared stolen property, as lucky for the heirs they were. I wonder what other items that family "overlooked" when filing his tax returns.[/QUOTE]
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