Attorney Tom Miller
AttorneyForum Replies Created
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What reptile has the biggest IQ?
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The taxation of selling gold and silver bars and coins can depend on several variables. This is a brief explanation of these variables.
- If you sell your coins and bars for a profit, you will owe capital gains tax on the profit.
- If you sell the coins and bars for a loss, you will not owe capital gains tax.
- And the capital gain is the profit you make when you sell the coins and bars, which is the selling price minus the purchase price.
- Suppose you’re having trouble with your tax situation.
- In that case, there is a chance you didn’t keep purchase price records, and the IRS will likely need these records to determine profit gain.
- If they don’t have this information, determining your profit might be out of the question.
- If you can’t find the exact value of your purchase price, you can use an estimated value.
- Be careful, though, as your estimate will need explanation for justification if you ever come under analysis for an audit.
- There is a difference between long-term capital gains and short-term capital gains, and they’re taxed differently, with long-term capital rates typically being taxed at lower rates.
If you sell coins or bullion, you may be subject to taxes. These are the steps to take.
Steps to Take
- Consult a Tax Professional: Tax laws are complex and vary significantly from one jurisdiction to another.
- A tax advisor is qualified to give you the best advice in these matters.
- Keep Future Records: If you sell the metals, start tracking all future purchases and sales to avoid similar issues.
Summary
In general, if you sell for a profit, you may owe capital gains tax. The lack of narrative makes this situation more complicated; perhaps it would be best to advise against it.
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Why do Democrats want illegal immigrants and provide them with jobs, Healthcare, education, and the right to vote?
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Federal agents have launched Operation Midway Blitz — a major law-enforcement surge across Chicago aimed at stopping violent attacks, vehicle-ramming incidents, and threats against federal officers. This multi-agency operation brings together DHS, ICE, CBP, FBI, and ATF units working in joint task forces around the Brighton Park and Broadview areas. Agents are targeting suspects linked to assaults on federal property, online leaking, and organized anti-federal activity.
https://youtu.be/l0IzuT5CgFc?si=-uZpDBQFILKt4o9N
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This reply was modified 4 months, 3 weeks ago by
Sapna Sharma.
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This reply was modified 4 months, 3 weeks ago by
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On August 22, 2016, the Hapeville Police Department received a chilling 911 call. A social worker had discovered a horrific crime scene at a local garbage site. When the police arrived, they quickly realized the crime had been committed by a professional. Little did they know, this professional would turn out to be one of their own.
Elm Street in Hapeville, Georgia, is a remote, isolated road to nowhere. At the end of the street sits a wooded lot where many locals dump their garbage and lawn clippings. But on August 22, 2024, this unsuspecting public works employee found the shock of his life.
When Sergeant James Carroll arrived, what sat before him in the grass, thrown aside like a piece of trash, was the charred body of a young woman. When he leaned close to inspect her body, he could still see the last flickers of a flame burning out on the end of her fingertip.
She had been shot four times, burned with gasoline, and dumped out with the local trash. Because of the charred state of her remains, the only evidence that was left on the scene was a single 40-caliber winchester casing. Only one casing for the four shots that marred her body, including two shots in her head, one in her ear, and a final defensive wound on her forearm–from where she held her arm up over her face to protect herself.
Tragically, police had no insight into who this poor woman was or how she ended up on this dead-end street. Whoever had murdered her took her identification and phone. The only thing officers had to identify her with was a small heart-shaped tattoo, what remained of the clothing she was wearing… and a locket with a photo of the victim’s child. They knew there had to be family missing her, and soon, they discovered who.
Two days after the body was found, a woman called Atlanta Police Department to report her daughter, Vernicia Woodard missing. She hadn’t heard from her since Friday – the same day that the body was found.
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Cuyahoga Falls, Ohio — An officer was patrolling when they noticed a vehicle run two red lights while traveling at a high rate of speed. A traffic stop was conducted and one of the men admitted to be carrying a firearm on their person. They eventually identified themself as “armed private security” who were responding to a call for an “officer” in “distress”.
Officers saw “Peace Officer” badges as well as handcuffs. One of the guns was returned as stolen from Birmingham, Alabama. *Officers contemplated charging them with impersonation however never did so.* Further investigation also found that they were using red and white lights while they were responding to the “call”.
The driver, later identified as Shawn Whitacre, was indicted with the following:
Receiving stolen property
The passenger, later identified as Dwayne Jordan, was indicted with the following:
Improper handling of firearms in a motor vehicle
The passenger was determined to not be apart of the security company. They have plead not guilty.
Please note: the title of this video should not be taken as fact, is is my interpretation and opinion of the incident. If you think they weren’t acting like cops, let me know in the comments. However, based upon my own opinion I believe they were acting like cops (due to the “peace officer” badge, red/white lights, and them stating that they were responding to a call).
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Orange County, Florida – Sheriff’s deputies deal with yet another police impersonator, this time in the form of an ICE Agent trying to arrest people at an apartment complex. This is one of the more bizarre police impersonator encounters we’ve seen.
The content shown on this channel is meant to provide insight into the daily interactions law enforcement have with the public, both good and bad. All suspects are considered innocent until proven guilty.
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Attorney General Pam Bondi was caught off guard Thursday when President Donald Trump’s handpicked US attorney, Lindsey Halligan, secured New York Attorney General Letitia James’ indictment from a grand jury, two sources familiar with what happened told CNN. CNN’s Kristen Holmes reports.
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Influential Breaking News Report: October 9, 2025
One of the Federal Reserve’s most prominent actions in an effort to calm a sensitive housing market is simultaneously easing the penalty of increasing mortgage rates by halting interest rate increases during this volatile period. This move will, at least, relieve some pain for homebuyers and homeowners with mortgages. This move likely embraces the distaste lawmakers and economists alike have expressed regarding the Fed’s failure to stem the agony of rising mortgage rates.
Recent history exhibits the perpetually climbing rates of mortgage spending. This concerns lawmakers, economists, and homebuyers. The current rate for a fixed thirty-year mortgage is a 30-year fixed mortgage, and, as a rule of thumb, it is more difficult for buyers to obtain a market home. The expectation is that at least the smallest adjustment to the Federal Reserve will diminish homebuyers’ anxiety. Enough of the burden will be lifted to decrease the mortgage rate. The Fed’s decision is bound to ease some of this anxiety and pressure.
The Immigration and Customs Enforcement Agency (ICE) has been under fire for its growing activities in the so-called blue areas. Reports suggest that there has been a spike in arrests and deportations carried out by ICE in metropolitan areas. This has led to lawsuits and protests by immigrant advocacy organizations and local governments, claiming that these activities are community-invasive and trust-breaking with local law enforcement.
ICE friction with local law enforcement is boiling in several cities, with some urban mayors and state governors publicly critiquing what they view as “engineered and boneheaded” law enforcement. This also seems to be the case with some federal lawmakers who are demanding a congressional investigation into area-specific ICE operations.
Gold and Silver Surge Business News Update: Alameda’s Financial Editor, Recent Issue Uploaded, 05/24/16
Something fun to track over time is how precious metals are treated in the market. For example, gold last week raised a flag of its own, and the spot price for an ounce of gold was hovering around the four thousand and thirty dollars region. The craze is due to gold’s new streak of seemingly unending potential. People in the investment world were buying gold like there was a never-ending supply. What could help that theory is that some are saying there’s a war between interests in the upper echelons of the world, and a demand for the precious metals market supernova.
There was continuing interest in stocks and the buying frenzy, with the market dipping heavily last week. Monday observed the bulk and tally of week-ending in crossing over the new gold price. The selling off of government bonds is followed by the weakening of the dollar, which causes an unstable outlook, which also has to do with other financial elements returning to the shift of world money.
All in all, the country’s top news continues to be the attempts to tame the housing market, the ICE and blue city standoffs, and the soaring precious metal prices, all within the context of a tumultuous but sturdy stock market.