May 5, 2010 – My company is in the business of buying and selling gold bullion. For individuals that call us to sell their bullion, would we be required to 1099 .

Jul 9, 2010 – Bullion Bulls Canada - BBC - Gold | Silver | Precious Metals | Mining . Get ready to file 1099s for your bullion purchases 1 Year, 2 Months ago .

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Sep 30, 2010 – Investors Turn To Physical Gold To Hedge Possible Greek Default . them to issue a 1099 Form for each purchase over $600 starting in 2012. .

9 posts - 4 authors - Last post: Jun 7If and when it does, transactions over $600 must be documented on IRS Form 1099 when buying/selling to a business. .

Jul 22, 2010 – What do you think of the new law that requires 1099 for gold sales? rpboxster Comments (27). Doesn't affect purchases until Jan 2012, .

What the Health Care bill does require is a 1099 for all goods and services over $600. So purchases of paper, pens, a vacuum or gold and silver coins, if more .

Obamacare's Notorious Form 1099 Reporting . A consequence of this law will be to drive some gold buying and selling business to non-US dealers, just as the .

Jun 29, 2010 – Form 1099 is used to report independent contractor income, income from . gains and losses on purchases and sales of goods as part of a trade or business. . 2010 PROOF GOLD American $25 Eagle 1/2 Ounce PF PR Coin .

May 5, 2011 – The Obamacare legislation mandates that all businesses file 1099's for each and . July 22: Big Brother Gold Rush : Glenn Beck Vault says: . just having to report purchases over $600; it means EVERY SINGLE PURCHASE .

Effective January 1, 2012, vendors must file a 1099 form to report all gold purchases exceeding $600. In other words, if a dealer purchases $600 worth of gold .

Jul 21, 2010 – If you purchase more than $600 of gold per year your transactions will be on a 1099 and so will be tracked by THE SYSTEM. This is the same .

Mar 17, 2011 – Was it just a matter of time before a broke government found a way to milk the golden goose? 1099 TRAP: The 411 on the 1099 law basically .

Apr 11, 2011 – Repeal of 1099 Reporting Rules Passes the Senate (impacts gold and . a 1099 to virtually all vendors in which purchases exceeded $600. .

Oct 19, 2010 – If I had to file a 1099 for buying a gold coin from someone using the current form, no one, including the gummint, would know that what changed .

Our purpose is to provide the narrowest spread possible for the gold-buying public. . . Sales of these items in contract quantities require a 1099B IRS information .

Jul 21, 2010 – In Hot Button Tea Party Issue, Gold Coin Dealers Feel Unfairly Targeted . amend the Internal Revenue Code to expand the scope of Form 1099. . of reporting to the Internal Revenue Service the purchases of all goods and .

Jul 21, 2010 – The new 1099 provisions in the health care bill, which will force . We also recommend looking into the purchase of gold equity ETF's like the .

Aug 5, 2010 – If they go into effect, starting in 2012 precious metals .

Maggie Nolia1280061511.3178422 PostsRegistered 1/30/2006. How on earth are 1099s concerning gold purchases related to health care? . Pray for the USA. .

2 posts - 2 authors - Last post: Mar 24, 2008Reportable Purchases Often, promoters will claim that the coins they offer are not . Such statements imply the government requires gold transactions be reported. . The 1099B forms are similar to other 1099 forms taxpayers .

The 1099 reporting rule will tell IRS agents who owns gold and where they live. . If you've been making excuses to put off your purchases of gold and silver, .

Jul 23, 2010 – . the Internal Revenue Code so that Form 1099, beginning .

Jul 9, 2010 – Can't a person just keep their gold purchases under $600? . and all companies that would be required to file a 1099 for anything over $600. .

Jul 22, 2010 – “Can't a person just keep their gold purchases under $600? . 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue .

2 answers - Sep 27, 2006Top answer: Don't worry about it. Even the Democrats think this is a stupid, and unenforceable, provision.

Jul 27, 2010 – Precious metals such as coins and bullion fall into this new 1099 . If you've been making excuses to put off your purchases of gold and silver, .

Summary for Buying/Selling Physical Silver (or Gold). In general . gold, silver, platinum or palladium) to a dealer, they may be required to fill out a 1099-B form. .

Jul 21, 2010 – . in the health care legislation will bring government scrutiny to gold and . Currently, 1099 forms are used to track and report the miscellaneous income . reporting to the Internal Revenue Service the purchases of all goods .

Jul 12, 2010 – They are buying gold and silver coins, as well as gold and silver bars, and they doing so in droves. The initial threshold at which IRS Form 1099 .

2012's 1099 Law will make buying gold and silver much harder. If you are looking to buy gold and silver, you may want to consider stocking up in 2011. Because .

Oct 15, 2004 – Is my gold purchase registered with the government? . . broker/dealer to the IRS on form 1099-B upon the sale of such bullion by US citizens. .

Jul 21, 2010 – "Can't a person just keep their gold purchases under $600? . If the file a 1099 saying they sold you gold, and you don't file a 1099 saying you .

May 6, 2009 – Greg McCoach explains what gold purchases are 1099-able and where the est place to put your money is when you are buying physical gold.

Jul 29, 2010 – As discussed in this report from Bob Bauman, gold purchases will be reportable . Again, you'll need to mail a 1099 to the IRS and John Deere. .

Nov 20, 2010 – One of the characteristics of the gold market is that there are a lot of myths about it. . no required reporting to the IRS of your purchase unless you pay more . the IRS on Form 1099-B as proceeds from brokerage transactions. .

Jul 20, 2010 – Why the Self-Employed Might Owe OfficeMax a 1099 . . It is certainly true that people who purchase gold and silver often do so within an .

Jul 20, 2010 – Gold Transactions with Dealers Over $600 Will Require IRS Filing . gains and losses on purchases and sales of goods as part of a trade or .

With gold hovering around $1200/oz, gold dealers are beginning to realize that virtually every purchase they make will require a separate 1099 form sent into .

16 posts - 12 authors - Last post: May 30If and when it does, transactions over $600 must be documented on IRS Form 1099 when buying/selling to a business. The way I understand it, .

Jul 27, 2010 – The requirement tucked inside the Healthcare Bill that requires gold coin dealers to file 1099 forms on anyone buying or selling coins with a .

Jul 21, 2010 – The Gold Price Parabola And Silver Rocket Update - 5th Sept 11 - . . According to an ABC news report, the new 1099 provisions in the . The new legislation works in both directions to track the buying and selling of gold. .

Sep 30, 2010 – The 1099 reform in the health care bill passed by Congress and signed by the . As a result, many investors who have been buying gold as an .

You are a corporation that purchases odd-lot shares from its stockholders on an . .. a broker selling a single gold coin does not need to file Form 1099-B even if .

11 posts - 10 authors - Last post: Jul 22, 2010small transactions equal larger purchases. Just hope gold doesn't hit $6000 or even the smallest coins will involve paper work. Could this $600 .

Of course, we recommend that you know your supplier when buying gold, just . Sales of these items in contract quantities require a 1099B IRS information form .

Private gold ownership, confiscation and reporting requirements. . confusion about federal reporting requirements with respect to gold purchases and sales. . threshold number of ounces that triggers the need to file a Form 1099 with the IRS. .

1 post - 1 author - Last post: Jul 27, 2010On 1099-Tax Reporting Requirements For Half Ounce Gold Transactions Gold . "Can't a person just keep their gold purchases under $600? .

10 posts - 6 authors - Last post: Jul 6Health care law requires 1099 for Gold purchases, page 1. privacy. Pages: ATS Members have flagged this thread 3 times. Topic started on .

The idea of buying "non-confiscateable'' gold sounds like a powerful argument . .. The 1099B forms are similar to other 1099 forms taxpayers commonly receive; .

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