One Simple Step You Can Take Today to Reduce Your 2015 Taxes

By Rich Checkan

Many of you have already reached out to us regarding my March 5th Information Line article on Precious Metals Tax Swaps. And, we have already helped a number of you secure losses you can use to offset capital gains when you file your taxes for 2015.

Those of you who have taken advantage of this strategy are amazed at how simple it is to do.

One week from tomorrow, we all know what to expect on the drive home from work. Thousands of frantic filers will be lined up around every post office you pass on the route from work to home. All of them will be waiting in line – either in cars lined up outside the facility or standing in line within the facility – to have their tax returns postmarked by midnight.

You see it every year.

But, at that point, you are basically reporting things you have no ability to change. What’s done is done.

The time to affect next year’s tax filing is now.

And, for those of you who purchased precious metals at higher prices, the market has handed you an opportunity to offset 2015 gains. In the past two decades, I have only seen this opportunity present itself one other time – late 1990’s to early 2000’s.

That explains why so few people are aware of this no-brainer strategy. For example, when I was speaking at Investment U in early March, I took a quick poll of over 300 people in the audience. Two people knew what a precious metals tax swap was…less than 1%!

That’s OK. Now, you know too, and, you know whom to call to help you.

The key is in the timing. With precious metals at four to five year lows, the timing is perfect. You see, two things occur at the lows…

  1. Your cost of capturing the loss is the smallest.
  2. The loss captured is the greatest.

In essence, it costs you the least amount of money to save the most amount of money on taxes – because you can eliminate the taxes paid on a larger amount of capital gains. Or, if you have no gains to offset, you can use up to $3,000 per year to reduce your income and simply roll the balance of the loss forward to help reduce your obligation in future tax years.*

The best part is how easy it is to do…

  1. Send us your precious metals or Perth Mint Certificates.
  2. Fix your sell and buy-back prices at current market. (Note – ASI works at preferred, reduced premiums to minimize your cost of capturing the loss.)
  3. Send your precious metals right back to you.

And, the losses can be significant.

We assisted one client here recently who had purchased some gold Eagle proof sets five years ago. She paid around $50,000 for her gold at that time. Today, it is worth a little over $30,000. We helped her capture a nearly $20,000 loss for around $1,500 out of pocket.

I do believe this is too simple for you not to take advantage.

Call our Preferred Client Relations representatives today at 877-340-0790, or send a quick email to get started. Here’s what will do from there…

  1. Quickly analyze your potential tax swap benefit.
  2. Point you back to your financial advisor or tax attorney to verify the benefit.
  3. Give you clear instructions on the simple process to capture the loss.
  4. Walk you through the short, simple process.

If you purchased precious metals at higher prices – and anything in the past decade should be considered – you owe it to yourself to look into this option.

So, as you drive home a week from tomorrow, and you see all the tax filers waiting in line to get that April 15th postmark, think to yourself…”I need to call Rich and his team to get my tax swap moving.”

We’ll be here when you call to help you Keep What’s Yours!

*Asset Strategies International is neither a financial advisor nor a tax advisor. Please consult with your advisor.