Entries by CCLM Law

Collecting Taxes on Collectibles

Do you have a collection that you wish to sell? If so, the IRS may determine that your collection is composed of “collectibles” and apply a 28% capital gains tax rate to any gain you may acquire from the sale of your collection. Generally, for most taxpayers, the capital gains tax rate is 15%.


By: Clark, Campbell, Lancaster & Munson, P.A. Q: Can an employer restrict or prohibit an employee from competing with the employer once the employee’s employment has ended? Employees, under Florida law, are limited in their ability to compete with their employer while employed by the employer because employees owe their employer a duty of loyalty. However, […]