Heres Why You Need To Keep Your Mouth Shut!!

[duggr]

Here's Why You Need To Keep Your Mouth Shut!!

Tax man comes for couple's gold-coin find- MSN Money

 

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[EccentricInTexas]

I'd pay it. Next time I'd find them one at a time...

 

[AU_Solitude]

Can they bend them over any more? Ridiculous

 

[Citiboy289]

Only goes to affirm my belief that there have been many UNREPORTED Caches found over the years

 

[H-2 CHARLIE]

the cost of fame ?

 

[Capt Nat]

All I can say is OUCH...

 

[JUNKER]

Well I really think they knew all this just by have the experts taking care of it and finding it on their property who's says that was all of it you never know any way you look at it was free money and as they say easy come easy go but it was a real nice find

 

[Terry Soloman]

I'm sure they are glad they only told people about three of the six cans they found!

 

[aa battery]

years ago a tax preparer told me finds are taxable so I don't find #$%@^

 

[lastleg]

The part that would have gone to charity now goes into the DC sinkhole.

 

[Citiboy289]

There are at least 6 threads running about the gold coin hoard find and posts are all over the place, I am adding this link back to another thread and my post is under post 10 http://www.treasurenet.com/forums/t...found-peglegs-gold-treasure-found.html------- The guy mentioned in the post did it the right way another UNREPORTED FIND

 

[NHBandit]

Just wait until the Spanish Government steps in and says it's theirs...

 

[JR in Hohenwald TN.]

Its the cost of social media,internet and news media. The wanting of admiration and fame is costly. They should have kept their mouth shut instead of going to the media. Cost them 5 Million. But then 5 Million left over is alot of $$$. But 10 is twice a good.


Shhhhhh, don't tell anyone, but me and 5 of my friends found One Eye Willys gold back years ago. Oh crap, I just told it over the internet.

 

[ECS]

Just wait until the Spanish Government steps in and says it's theirs...

It was probably hidden when FDR recalled all the gold.My greatgrandfather hid his,and the family slowly converted it over the years.If only they would have waited for todays prices at an offshore bank.

 

[Goldwasher]

One of the coins alone is worth 1 million. 11 of them are the rarest known and worth a lot. How would they have sold them slowly over time without selling them for way less than they are worth? I read they almost lost their home and property so maybe it was the best financial decision they could make.

 

[ECS]

Goldwasher,I was refering to my family-my grandmother,2 great uncles and 3 great aunts during the '40's and '50's,who are all gone now.

 

[sliverofsilver]

AHH! the tax man
hence the reason for it being in the ground in the 1st place
i never find anything, even if i do , i dont

 

[Citiboy289]

Strongly agree that it was an FDR era hide ---

 

[DFX DAVE in M.D.]

I have problems with this, it should be taxed at face value, not collectors price, the coins are U.S. currency. Why should you be taxed on anything that you dont sell, I guess it says thats the law. They will be forced to sell now to pay the taxes. Its like those people that win the big showcase on The Price Is Right, they have to sell half of the stuff to pay the taxes on the prizes.

 

[Citiboy289]

I have problems with this, it should be taxed at face value, not collectors price, the coins are U.S. currency. Why should you be taxed on anything that you dont sell, I guess it says thats the law. They will be forced to sell now to pay the taxes. Its like those people that win the big showcase on The Price Is Right, they have to sell half of the stuff to pay the taxes on the prizes.

I agree 1000% That's why they should have NOT SAID A THING -------- The dealer is marketing the stiff like crazy but he will in the end do far better than the people he will only pay tax on his commission minus his expensed ------- In the final end He will profit more overall that the actual finders