U.S. Government Reporting Requirements For Coin And Bullion Dealers There is much confusion and disinformation about the extent to which coin dealers are required to obtain customer information to keep on file and use in submitting reports to the Internal Revenue Service (IRS) or other government agencies. In some cases the confusion may be used to steer customers away from lower-margin bullion sales and towards the higher-margin coin sales, even though such items may be less suitable for the customer's purposes. I'll attempt to summarize some of the reporting topics herein, but for more helpful information, you can visit the...
