What are the collectible items that IRS impose higher taxes?
- Gold, silver and other precious metals
- Fine gemstones
- Paintings and other fine arts
- Rare coins
- Rare rugs
- Alcoholic beverages
Prashant Thakur is a tax advisor . He has written two books on tax laws of India. He regularly writes on his paid-only website http://taxworry.com. He is learning about the Internal Revenue Code of USA as many of clients and readers are of India origin and also are tax resident of USA . So . solving their tax issues require reference to IRC of USA.