Bullion Universe 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.
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 Universe 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 Universe's
policies or the IRS Cash Reporting requirements may result in a
Suspicious Activity Report (SAR) being filed with the IRS.
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.
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)
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Any activity that is deemed as efforts to circumvent Bullion Universe's
policies or the IRS Cash Reporting requirements may result in a
Suspicious Activity Report (SAR) being filed with the IRS.
