IRS requiring BUYERS to file 1099 for PURCHASES of coins and bullion over $600

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IRS requiring BUYERS to file 1099 for PURCHASES of coins and bullion over $600

Article from Numismatic News:
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843

"[...] effective Jan. 1, 2012, [...] all persons who are in business will now have to give 1099 tax reporting forms for coins and [bullion] that they sell as well as buy."

Posted by Stephen Gornick

Bay Cities Coin Club

IRS requiring BUYERS to file 1099 for PURCHASES of coins and bullion over $600

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