ANDERSEN TAX LLC Partners with Breyer to Offer Tax Solutions for Collectors & Hobbyists

Seattle, WA – October 26, 2023 – ANDERSEN TAX LLC, a leading US-based tax firm specializing in complex tax planning for businesses and individuals, today announced a strategic partnership with Breyer, the iconic manufacturer of traditional model horses and animal figures. This collaboration isn't about horses and taxes directly, but about ANDERSEN TAX recognizing a growing niche – the serious collector – and offering tailored tax guidance to help enthusiasts navigate the financial side of their passion. You might be thinking, “Tax advice for toy horses?” It sounds a little odd, right? But the reality is, collectibles – like Breyer models – can represent significant investments. And investments have tax implications. ANDERSEN TAX, located at 1200 5th Ave #1600, Seattle, WA, 98101, and reachable at 601-325-9704, saw a need to demystify the tax rules for those deeply involved in the world of collecting. Who is ANDERSEN TAX LLC? ANDERSEN TAX isn’t your typical tax prep shop. We’re a firm built on deep expertise. We handle really complicated tax situations for companies – from startups to big corporations – and for high-net-worth individuals. We're talking international tax, state and local taxes, transfer pricing, research and development credits... the stuff that makes other accountants’ heads spin. We pride ourselves on being proactive, not reactive – meaning we look for opportunities to save you money, not just fill out forms. We're committed to giving clients personalized attention and building long-term relationships. Think of us as your tax strategists, not just your tax preparers. Breyer Traditional Models: More Than Just Toys For over 70 years, Breyer has been crafting incredibly detailed, realistic model horses that appeal to collectors of all ages. These aren't just toys your kids play with (though they can be!). Breyer Traditional models are meticulously sculpted, hand-painted, and often limited edition. Serious collectors can spend thousands of dollars on rare or particularly sought-after pieces. “People are genuinely passionate about these models,” says Sarah Miller, a Breyer enthusiast and a tax consultant at ANDERSEN TAX. “They treat them as works of art, and for many, they are investments. They’re not just putting them on a shelf and forgetting about them. They’re researching, trading, showing, and actively managing their collections.” The Tax Implications of Collecting Okay, let’s get down to the nitty-gritty. What does this mean from a tax perspective? There are a few key scenarios where ANDERSEN TAX can help Breyer (and other collectible) enthusiasts: Capital Gains Tax: If you sell a Breyer model for more than you originally paid for it, that profit is considered a capital gain and is potentially taxable. The tax rate depends on how long you owned the model – generally, if you held it for more than a year, it’s a long-term capital gain, which is taxed at a lower rate than ordinary income. Keeping good records of your purchases is crucial. Hobby vs. Business: This is a big one. If you’re just collecting Breyer models for fun, that’s a hobby. Hobby expenses are limited. You can only deduct them up to the amount of income you generate from the hobby. But if you’re actively buying and selling models with the intention of making a profit, that could be considered a business. As a business, you can deduct more expenses – things like travel to horse shows, advertising costs, even a portion of your home if you use it exclusively for your collecting business. The IRS looks at several factors to determine if something is a hobby or a business – things like your intent, your expertise, the time and effort you put in, and whether you’re making a profit. Donations: If you donate Breyer models to a qualified charity, you may be able to deduct the fair market value of the models on your tax return. But there are rules – the charity has to be qualified, and the value of the donation may be limited. Estate Planning: For serious collectors, Breyer models can be a significant part of their estate. Proper estate planning can help minimize estate taxes and ensure that your collection is distributed according to your wishes. ANDERSEN TAX: Your Partner in Navigating the Tax Maze “We’re not horse experts,” laughs Miller. “But we are tax experts. And we understand that even seemingly ‘niche’ hobbies can have complex tax implications. We’re here to help collectors understand the rules, keep accurate records, and minimize their tax liability.” ANDERSEN TAX’s services for Breyer (and other collectible) enthusiasts include: Tax Planning: Developing a personalized tax strategy to minimize your tax liability. Tax Preparation: Preparing and filing your annual tax return. Recordkeeping Assistance: Helping you organize and maintain accurate records of your purchases and sales. Audit Representation: Representing you in the event of an IRS audit. Business Formation: Helping you form a business entity if you’re actively buying and selling models. “We want to take the stress out of taxes so our clients can focus on what they love – collecting beautiful Breyer models,” says Miller. “We’re passionate about helping our clients achieve their financial goals, no matter what those goals may be.” Contact: ANDERSEN TAX LLC 1200 5th Ave #1600 Seattle, WA, 98101 601-325-9704 [Website address – replace with actual website]