Collecting and owning antiques and collectibles can be pleasurable, but can also create business and tax issues which require an understanding of the possible choices available and the making of well informed decisions. This book addresses these issues, and outlines the choices and responses. Written for both the expert and non-expert, this book, which answers questions you may not even have thought of, is an important addition to any collectibles library and is a must for anyone associated with antiques and collectibles. There are sections included on keeping records, acquiring antiques and collectibles, antiques and your estate, ownership issues, trading collectibles, private annuities, establishing values and disposing of your collection, appraising and grading, insurance protection, and liquidating antiques and collectibles. If you are an antiques dealer, a collector, or an investor, and if antiques and collectibles are your day-to-day business, this book will be invaluable. AUTHORBIO: John (Jack) Kelly has been a collector all his life, a dealer of antiques for the past 20 years, and a longtime business and sports executive. His specific interests include Olympic collectibles, particularly medals, posters, and torches, Russian pre-Revolution antiques, and Art Deco period posters. REVIEW: This book is a handy resource for antique dealers and collectors who may not realize how their antique stores and collections relate to taxes. From a business standpoint, this guide is a necessity. The authors walk you through keeping records, trading collectibles, private annuities, and more. It's a great resource that covers a generally overlooked topic in the antiques business.
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This review is from: Business and Tax Guide for Antiques & Collectibles (Paperback)
This book misses the point that most antiques businesses are inventory-driven "trading companies" in the accounting parlance.
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Throughout history, individuals and organizations have attempted to honor, enjoy, and acquire items of historical significance, of beauty, or of limited availability. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
collectible assets, specific antique, altered items, collectibles business, collectible items, retail method, hank deposits, tax method, gross estate, installment method, regular corporation, qualifying period Key Phrases - Capitalized Phrases (CAPs): (learn more)
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Throughout history, individuals and organizations have attempted to honor, enjoy, and acquire items of historical significance, of beauty, or of limited availability. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
collectible assets, specific antique, altered items, collectibles business, collectible items, retail method, hank deposits, tax method, gross estate, installment method, regular corporation, qualifying period Key Phrases - Capitalized Phrases (CAPs): (learn more)
Customer Service New!
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Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
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