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ColorFX - Wholesale Printing | Trade Printing | Online Printing | Offset Printing | Printing Company | Commercial Printing Services Company
Wednesday, September 7, 2011
Buying, Selling and Trading Gold at PTG
Questions about Buying, Selling and Trading Gold at PTG
Questions about Buying, Selling and Trading Gold at PTG: "NOTE:The IRS has revised its cash reporting form. The new form is similar to the old form except for the addition of the designation as "FinCEN Form 8300". As part of federal anti-terrorism initiatives, the Financial Crimes Enforcement Network (FinCEN), in addition to the IRS, is notified of cash payments of over $10,000 in a single transaction. The revised form satisfies dealer cash reporting requirements under the recent USA Patriot Act. Please see link above FAQs: IRS
If I sell gold to you, is that reported? Certain forms of gold which traded as commodity contracts in 1982 fall under the Broker Reporting Act of 1982. Specifically named are South African Krugerrands, Canadian Maple Leafs, and Mexican gold Onzas in quantities of 25 ounces ( one 'contract') or more. Sales of these items in contract quantities require a 1099B IRS information form, reporting the sale of a regulated commodity contract.
"
'via Blog this'
Questions about Buying, Selling and Trading Gold at PTG: "NOTE:The IRS has revised its cash reporting form. The new form is similar to the old form except for the addition of the designation as "FinCEN Form 8300". As part of federal anti-terrorism initiatives, the Financial Crimes Enforcement Network (FinCEN), in addition to the IRS, is notified of cash payments of over $10,000 in a single transaction. The revised form satisfies dealer cash reporting requirements under the recent USA Patriot Act. Please see link above FAQs: IRS
If I sell gold to you, is that reported? Certain forms of gold which traded as commodity contracts in 1982 fall under the Broker Reporting Act of 1982. Specifically named are South African Krugerrands, Canadian Maple Leafs, and Mexican gold Onzas in quantities of 25 ounces ( one 'contract') or more. Sales of these items in contract quantities require a 1099B IRS information form, reporting the sale of a regulated commodity contract.
"
'via Blog this'
Tuesday, September 6, 2011
Monday, September 5, 2011
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