Gold Coin Sellers Angered by New Tax Law

The ANA is asking people to write and oppose the gold coin tax. But
good nazis like Frank Provasek continue to deny the truth, that his
messiah would ever do such a thing.

http://www.money.org/AM/Template.cfm...ontentID=15574


The following are messages, developed by the Industry Council for
Tangible Assets (www.ictaonline.org) that can be sent to your
representative (HR 5141) or senator (S 3578).


Version for Collectors/Investors


Subject: SUPPORT (either HR 5141 or S 3578): Small Business
Paperwork Mandate Elimination Act

Please repeal the new IRS Form 1099 requirement found in Section 9006
of Public Law 111-148, the Health Care Reform Act, that requires all
small businesses to issue a tax information reporting form to
virtually all of their customers and vendors, including corporations.
This will be devastating to all small businesses.

This new law creates a monumental increase in paperwork for small
businesses already overburdened by government regulation and reporting
requirements.

In addition, I will be required to give my confidential tax ID
information to many businesses that may not be capable of keeping this
information secure. I am concerned about identity theft as I am
required to provide my Social Security number and other identifying
information when conducting transactions. When showing my driver’s
license as proof of identity, the license includes my name, address
and date of birth!

I urge you to co-sponsor HR 5141 (or S 3578) to prevent this business
and personal security nightmare.




Version for Dealers


Subject: SUPPORT (either HR 5141 or S 3578): Small Business Paperwork
Mandate Elimination Act

Please repeal the new IRS Form 1099 requirement found in Section 9006
of Public Law 111-148, the Health Care Reform Act, that requires all
small businesses like mine to issue a tax information reporting form
to virtually all of our customers and vendors, including corporations.
This will be devastating to my small business.

I buy and sell rare coins, currency, precious metals, and collectibles
that I purchase for my inventory from hundreds of other dealers, as
well as from my retail clients. (Other than a few items that can be
obtained from the U.S. Mint, these are the only sources of my
merchandise.) This new 1099 provision will require me to file
hundreds, if not thousands, of forms. Further, it is not simply a
matter of completing the form, but also the work and time involved in
obtaining the proper tax identification number and dealing with backup
withholding requirements.

In addition, I will be required to obtain confidential tax ID
information from my colleagues and customers and also be responsible
for safekeeping that confidential data.

I urge you to co-sponsor HR 5141 (or S 3578) to prevent this business
and personal security nightmare.