Tag: cash transactions

Industry Insider: IRS Reporting Rules for Cash Transactions and Precious Metals

Industry Insider: IRS Reporting Rules for Cash Transactions and Precious Metals

By Richard Schwary – California Numismatic Investments The question of what is reportable when buying or selling precious metals is the most popular of all investor questions today at California Numismatic Investments (www.golddealer.com). And as you can tell by the title this commentary is our third revision at understanding what the government had in mind […]

Revisiting Reportable Bullion & Cash Transactions

Revisiting Reportable Bullion & Cash Transactions

By Richard Schwary – California Numismatic Investments (www.golddealer.com) It is hard to believe it has been a couple of years since my first comments about government reporting requirements within the coin business. I called this effort Rules for Reportable Bullion & Cash Transactions or Lack Thereof and it received comments which are included in this second […]

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