ICTA - Your Industry Watchdog | News
Donate Coins and Join the Battle Against Counterfeiters!

1923 Saint-Gaudens Double ($20) EagleHeritage Auctions is teaming with the Industry Council for Tangible Assets to provide a way for both collectors and dealers to enlist in the battle against counterfeiters by donating coins to be sold at public auction to support the work of ICTA’s Anti-Counterfeiting Task Force.

“We are excited to have Heritage as a partner in this enormously important endeavor,” said ICTA Chairman Philip N. Diehl. “ACTF has made great strides in its first year, but it will need substantial funding to expand its  scope of work in 2018.”

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Transportation and Shipping Security Seminar

Loomis ArmoredA Loomis Armored representative will discuss transportation and shipping security at the upcoming Florida United Numismatists show. The Industry Council for Tangible Assets will host the seminar. The seminar begins at 8:30 a.m. on Friday, January 5, 2018, at the Tampa Convention Center, 333 South Franklin Street, Tampa, Florida, in room 24. A continental breakfast sponsored by Loomis will be provided.

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Confused Over Proposed Tax Legislation and Like-Kind Exchanges?

Capitol HillThere is misinformation floating out around the dealer community intermingling “like-kind exchanges” and three different sections of the tax code (1031, 1099-b and bartering).

The Industry Council for Tangible Assets has produced a white paper which goes into detail providing a comprehensive explanation of each section of the tax code. The purpose of the paper is to try and make it as simple as possible to understand.

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U.S. Mint’s Response to Members of Congress Lacks Commitment

U.S. Mint Headquarters, Washington, DCActing Deputy Director of the U.S. Mint David Motl’s Nov. 17 response to an Oct. 27 letter from U.S. Representatives Frank Lucas (R-OK) and Alex Mooney (R-WV) requesting information regarding the Mint’s efforts to combat the rising tide of counterfeit coins entering the United States lacks commitment.

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Tax Bill Make Changes to the Taxation of “Like-Kind” Exchanges

Congress is preparing to make changes to the taxation of “like-kind” exchanges that may effect you and your clients

The US House and Senate have included in their tax bills revisions to the treatment of like-kind exchanges that will affect some coin and currency dealers and their clients. Dealers and clients who engage in such exchanges will face significant consequences if Congress adopts these revisions to Section 1031 of the US tax code. The Industry Council for Tangible Assets recommends you assess the effects of these revisions if you engage in like-kind exchanges.

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