results

Frequently Asked Question

Is Bullion Direct required to report my transaction to the government or any other agency?

 Category:  All  ›  Taxes, Reporting, & Regulations
 Print Article   |    Email Link
Answer

In general, we are not required to report your transaction to any authority. However, single or related Cash transactions (including Money Orders and Cashier's Checks) over $10,000 may trigger IRS Cash Reporting requirements. Please contact your tax advisor concerning your particular reporting requirements (i.e. Capital Gains). Please know that we cooperate fully with law enforcement agencies when information is legally requested.

Last Update: Aug 23, 2007
Related Entries
Relevance
Resource
 Article Name
FAQ
Is Bullion Direct required to report sales to any agencies/the government?
FAQ
Is the IRS Cash Reporting requirement applicable to my transaction?
FAQ
IRS Cash Reporting - detailed explanation
FAQ
Are bank wires over $10,000 reported to the government (IRS)?
FAQ
Do you accept Western Union BidPay money orders?
FAQ
Do you accept Money Orders/Cashier's Checks?
FAQ
Is Bullion Direct registered with the SEC or any government regulatory agency?
FAQ
What types of payments do you accept for eBay auctions?
FAQ
How long does it take to process my Cash Draw request?
Feedback
Please let us know what you think about this article.
Required items indicated with *
 
Document Rank : * Poor     Excellent
Comments :