Federal Reporting for Bullion Transactions
Under the Bank Secrecy Act, dealers file IRS Form 8300 on any cash or cash-equivalent payment over $10,000. Specific bulk bullion sales trigger Form 1099-B. We file these forms ourselves; there is no legal way to avoid them, and any attempt to structure a transaction below the threshold itself triggers a Suspicious Activity Report.
IRS Form 8300
Trigger: Cash or cash-equivalent payment over $10,000 in a single transaction or related series
Filed by: The dealer (us)
Why: Bank Secrecy Act requirement administered by FinCEN and the IRS.
IRS Form 1099-B
Trigger: Sale to a dealer of 25+ oz of 0.995 gold bars, 1,000+ oz of 0.999 silver bars, or specific quantities of .9995 Pt/Pd bars
Filed by: The dealer (us)
Why: Reportable precious-metals transactions under 26 CFR §1.6045-1.
Suspicious Activity Report (SAR)
Trigger: Suspicious structuring — any pattern designed to evade the $10,000 threshold
Filed by: The dealer (us)
Why: Mandatory under 31 CFR §1027.320 when structuring is identified.
This page is educational, not legal or tax advice. We follow federal reporting requirements on every transaction — and we say so plainly, in writing, before you commit.