REPORT YOUR GUNS TO THE IRS?

Larry, a friend told me that we are going to have to tell the government if we have a gun. We will have to disclose this on our tax return. I figured if anyone would know if this is true it would be you. There is a Starbucks riding on your answer.

Max

Max, that is a hoax that's been floating around the net for quite awhile. The 2009 forms are in place and they don't have anything for reporting firearms. Snopes.com has a good explanation of it. In case you need evidence to win the bet, here is a link to the actual 2009 1040: http://www.irs.gov/pub/irs-pdf/f1040.pdf. When you look at it, you'll see that there is absolutely nothing about firearms.

Larry Kopsa CPA