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Author Topic: What a find !!  (Read 3772 times)

Rauville

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Re: What a find !!
« Reply #15 on: February 28, 2014, 09:08:53 am »
Quote from: KC on February 27, 2014, 11:36:49 pm
Federal and State Taxes.

So far, the only person who knows who they are is the coin guy and he isn't talking!  :)

Be sure to report every dime you find laying on the ground!

I.R.S. Revenue Ruling:
"The finder of treasure-trove is in receipt of taxable income, for Federal income tax purposes, to the extent of its value in United States currency, for the taxable year in which it is reduced to undisputed possession."
Rev.Rul. 61, 1953-1, Cum.Bull. 17.
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mart

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Re: What a find !!
« Reply #16 on: February 28, 2014, 09:32:52 am »
I hope the coin guy keeps his mouth shut !!
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