And who told them to brag about what they found?

Tax man comes for couple’s gold-coin find

The people who unearthed the stash on their property could owe nearly half of the $10 million value in federal and state taxes.

By MSN Money Partner 3 hours ago
 

 

The “greatest buried treasure ever unearthed in the United States” is about to be hit by the tax collector.

According to Kathleen Pender, a columnist at the San Francisco Chronicle, the couple who found in cans (pictured) buried on their property more than 1,400 rare gold coins worth more than $10 million will probably owe close to half of that sum in federal and state income tax, whether or not they sell the coins.

 

She quoted a 2013 tax guide in which the IRS stated: “If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is in your undisputed possession.”  

 

Read more here

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