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- Are bullion/coin purchases from Bullion Direct subject to Texas Sales Tax?
- Is Bullion Direct registered with the SEC or any government regulatory agency?
- Is Bullion Direct required to report my transaction to the government or any other agency?
- Why is my Social Security Number requested when I choose money order or cashier??????s check as my form of payment?
- Is the IRS Cash Reporting requirement applicable to my transaction?
- Do you send paper statements?
- Are bullion/coin purchases from Bullion Direct subject to Texas Sales Tax?
-
Your bullion/coin order will only be subject to Texas Sales Tax (0.0825%)
if it is under $1000.0000and shipped to a Texas address. Out of state
bullion/coin deliveries (of any amount) and/or bullion/coin deliveries
of at least $1000.0000 are not subject to Texas Sales Tax.
Texas deliveries only: Please note that bullion/coin orders
are assessed Texas Sales Tax at the point of requesting delivery.
For example, Nucleo transactions are not assessed sales tax.
However, if the retail value of your Product Draw is under $1000.0000,
you will be assessed sales tax charges based on the retail value
(Catalog price) of the order at the time you request delivery.
- Is Bullion Direct registered with the SEC or any government regulatory agency?
-
Bullion Direct, Inc. is not, nor required to be, registered with the SEC
since we are not trading securities. Furthermore, we are not required
to register with any other regulatory body.
- Is Bullion Direct required to report my transaction to the government or any other agency?
-
In general, we are not required to report your transaction to any
authority. However, single or related Cash transactions
(including Money Orders and Cashier's Checks) in excess of $10,000 are
likely to trigger IRS Cash Reporting requirements.
Bullion Direct does not offer tax advice on the tax treatment of your transactions.
Please contact your tax advisor concerning your particular reporting requirements
(i.e. Capital Gains). Please know that we cooperate fully with law enforcement
agencies when information is legally requested.
 Any activity that is deemed as efforts to circumvent Bullion Direct's
policies or the IRS Cash Reporting requirements may result in a
Suspicious Activity Report (SAR) being filed with the IRS.
- Why is my Social Security Number requested when I choose money order or cashier's check as my form of payment?
-
Our policy is to require proper identification on Cash sale transactions (including
Money Orders and Cashier's Checks) so that a Form 8300 can be prepared and filed,
if required.
- Is the IRS Cash Reporting requirement applicable to my transaction?
-
Due to the ambiguous nature of related transactions please assume when making multiple payments via
Cash Instruments (Money Orders and Cashier's Checks) in excess of $10,000
in a 12-month period your transactions will likely be reportable to the IRS. If Form 8300
is filed in reference to you and your transactions, you will receive a written statement
on or before January 31st of the year following the calendar year in which the cash
is received and reported.
Payments made with a single Cashier's Check in excess of $10,000 are not reportable under
IRS Cash Reporting requirements. (The issuing bank is responsible for reporting, if required)
- Do you send paper statements?
-
The My Account section, and in particular, the Order History
section is designed to allow you to print a statement at your convenience.
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|
|
| Market Summary |
| Metal |
Last |
Change |
|
Gold |
1148.30
![[up]](/images/greenArrow.gif)
|
6.60 |
|
Silver |
18.490
|
0.025 |
|
Platinum |
1446.90
|
6.00 |
|
Palladium |
365.00
![[down]](/images/redArrow.gif)
|
-4.90 |
|
11/20/09 1:00:13 PM CST |
|
