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This whole thread is funny.
Bunch of people arguing about what they would do IF they found a cache.
Bet $$ these honest guys don’t add $1700 bucks to their declared income every time they find a common double eagle gold coin or a diamond ring.
The coin goes in the safe and the ring on the wife’s finger.
After finding single coins and jewel, and buried treasures, and if I decided to sell, I pay Connecticut and Federal income taxes. Any income is taxable, legal or illegal. Good hunting and good luck.
So I was right.
Really it’s nobodies business what people do as far as declaring income.
I always follow the rules.
Quote:
There is an IRS statute of limitations on collecting taxes. The IRS is limited to 10 years to collect back taxes, after that, they are barred by law from continuing collection activities against you.
But to be safe I'm following Brother Karl Mueller's (Charlie Miller's) advice. Shhhhhhhhh.
Maybe after 25 years . . . but I took no photographs (pre me owning a digital camera) and left no lists or files so no one would believe me, anyway. ;-) Not dug, not metallic. Just a pleasant surprise cleaning out Dad's "junk".
https://www.youtube.com/watch?v=hp7130Bjec4
We all miss you, hope you be back real soon.Quote:
Originally Posted by Tom_in_CA