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Reportable Bullion Transactions Infographic


 -- Published: Thursday, 7 August 2014 | Print  | Disqus 

If privacy in your silver and gold buying is important to you, your definitely going to want to study our new Infographic.

With this report you will learn about IRS reporting requirements for all domestic online silver and gold dealers and local coin shops selling silver and gold to the public in the USA.

You will not only learn what deals the IRS requires to be reported by silver and gold dealers, you will also learn why.

When you buy bullion the IRS has some policies in place to track large CASH transactions… this is for anti-money laundering purposes.

In this report you will learn specifically what the IRS defines as CASH transactions.

You will also learn what types of payments are not considered CASH and therefore not reportable.

When you sell your silver and gold, specific products sold in certain quantities are mandated to be reported by dealers in IRS 1099B forms.

A 1099B form will require a seller's social security number or passport number to be filled out by the silver or gold dealer who in this case is the buying party.

Our free infographic will specifically show you which silver, gold, platinum, and palladium products are REPORTABLE ITEMS when sold and in what quantities.

This report will also illustrate to you which silver and gold bullion products are currently EXEMPT from dealer reporting requirements and also the historical reasons why certain products do not qualify for current reporting requirements.

This new infographic is designed to educate the public on privacy concerns.

At JMBullion, we want physical silver and gold investors to learn what current dealer reporting requirement rules are so they can make educated buying decisions.

Reporting requirements can always change in the future, so stay tuned to our JMBullion youtube channel for any updates in reporting requirement changes.

Please Note that bullion buying privacy does not mean silver and gold bullion investors are in any way exempt from paying any and all capital gains taxes.

For any tax related questions, please seek professional tax consul.

Reportable Bullion Transactions Infographic 

JMBullion.com

 


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 -- Published: Thursday, 7 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

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