Seen this?:Gold Coin Sellers Angered by New Tax LawAmendment Slipped Into Health Care Legislation Would Track, Tax Coin and Bullion TransactionsBy RICH BLAKE July 21, 2010 ABC NewsExcerpt:Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change.This provision, intended to mine what the IRS deems a vast reservoir of uncollected income tax, was included in the health care legislation ostensibly as a way to pay for it. The tax code tweak is expected to raise $17 billion over the next 10 years, according to the Joint Committee on Taxation.Underlined emphasis added by me. Hmmm. . . OK, so I suppose this means that should I buy a gold coin from a coin dealer and pay the dealer, what, $1,200, then I guess I am also now required to file a Form 1099 reporting the $1200 purchase price as income paid to the dealer from the sale of that "good or service", if I am reading this correctly. Hmmmmm. . . So, if that is correct, then, I wonder if, by extension, any good or service sold by a "gun dealer" instead of a "coin dealer" might come under the new IRS Tax Law? Surely not! They would never try to slip something like that into the bill, right? Anyone know if this is the case or not? I buy a lot more than $600 / year in guns and goodies from private dealers, small business, and self-employed folks.Hmmmm. . .