Episode 219 • • 24:47 - 27:15
219: Train Crashes into Plane
IRS Form 1099 Reporting Requirements for Gold
New provisions in the healthcare bill will require small businesses to file 1099 forms for any purchase of goods or services exceeding $600 starting in 2012. This mandate includes the purchase of precious metals such as gold coins and bullion. Critics argue this allows the government to track private gold ownership for potential future confiscation.