Loose lips…
Posted by taxguru on March 1, 2014
If you were to stumble onto a big windfall, as these people did, perhaps it would be best to keep that news to yourself rather than invite everyone to try and take it away from you.
Gold-coin find ‘greatest buried treasure ever unearthed in the United States’ – It looks like the California Gold Country still has some riches to be discovered.
First in line are the tax collectors.
California couple in $10M gold find may owe gov’t about half, report says
Tax collector is coming for ‘greatest buried treasure ever unearthed’
When we watch shows like Gold Rush and Bering Sea Gold, we often wonder if the miners actually show the full extent of their hauls or have some stashed on the side so IRS doesn’t look for it on their tax returns.
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Tax Guru - Ker$tetter Letter 