Andersens Tax LLC Partners with Breyer to Streamline Tax Reporting for Collectible Enthusiasts

Seattle, WA – October 26, 2023 – Andersens Tax LLC, a leading tax consultancy based in Seattle, today announced a partnership designed to simplify tax reporting for collectors of Breyer Traditional Model horses. Recognizing the growing hobby and investment potential within the collectible market, Andersens Tax has developed specialized solutions tailored to help Breyer enthusiasts accurately track and report their gains and losses. Andersens Tax LLC, located at 1200 5th Ave #1600, Seattle, WA, 98101, and reachable at 601-325-9704, has long been known for its client-focused approach and deep expertise in complex tax matters. The firm has always been committed to helping individuals and businesses navigate the ever-changing tax landscape. Now, they’re bringing that same commitment to the world of Breyer Model Horses. “We noticed a real gap in the services available to collectors,” says a spokesperson for Andersens Tax. “People are seriously investing in these horses, some seeing significant appreciation in value. But many don’t realize the tax implications, or how to properly document everything for accurate reporting. It’s not just about ‘fun money’ anymore for many.” Understanding the Tax Implications of Breyer Collecting Breyer Traditional Model horses aren’t just toys; they are considered collectibles. That means the IRS treats them differently than everyday purchases. Here’s a breakdown of how taxes can come into play: Capital Gains Tax: If you sell a Breyer horse for more than you originally paid for it, you'll likely owe capital gains tax on the profit. The rate you pay depends on how long you held the horse (short-term vs. long-term capital gains) and your overall income. Capital Losses: Conversely, if you sell a horse for less than you paid, you may be able to deduct that loss on your taxes. There are limitations to capital loss deductions, so it’s important to understand the rules. Hobby vs. Business: This is a big one. If you’re just collecting for fun, that's a hobby. But if you’re actively buying and selling horses with the intention of making a profit, the IRS might consider it a business. If it’s a business, you can deduct expenses like travel to shows, storage costs, and even a portion of your home if you use it exclusively for your horse-related business. Documentation is Key: The IRS requires you to keep detailed records of all your transactions. That means keeping receipts for purchases, records of sale prices, and documentation of any expenses you deduct. Without proper documentation, you could face penalties or be denied deductions. Andersens Tax and the “Stable” Solution Recognizing these complexities, Andersens Tax has developed a service package specifically for Breyer Traditional Model horse collectors, aptly named “The Stable Solution.” This comprehensive service includes: Personalized Tax Planning: Andersens Tax professionals will work with you to understand your collecting activity and develop a tax strategy tailored to your specific situation. They’ll help you determine if your activity is a hobby or a business, and identify potential deductions you may be eligible for. Transaction Tracking: The Stable Solution offers a user-friendly digital platform to easily record all your Breyer transactions. You can input purchase prices, sale prices, dates, and even descriptions of the horses. The platform automatically calculates your gains and losses, making tax time much easier. Receipt & Documentation Management: No more shoeboxes full of receipts! The Stable Solution allows you to upload and store all your supporting documentation securely online. Tax Form Preparation & Filing: Andersens Tax will prepare and file your tax return, ensuring that all your Breyer-related income and expenses are reported accurately. Audit Support: In the unlikely event of an audit, Andersens Tax will provide expert guidance and representation. Why Choose Andersens Tax? “We understand that many collectors aren't tax experts,” explains the Andersens Tax spokesperson. “They're passionate about horses, not tax forms. That's where we come in. We take the stress out of tax reporting so they can focus on what they love – collecting.” Andersens Tax sets itself apart with: Expertise: A team of seasoned tax professionals with a deep understanding of collectibles and investment properties. Personalized Service: Each client receives individualized attention and a customized tax plan. Technology: The Stable Solution’s digital platform streamlines transaction tracking and documentation management. Peace of Mind: Knowing that your tax return is prepared accurately and you have expert support in case of an audit. The Growing Market for Breyer Models Breyer Traditional Model horses have a rich history and a dedicated following. For over 70 years, these beautifully crafted models have captured the hearts of collectors, hobbyists, and horse enthusiasts. The market for collectible Breyer models has seen steady growth in recent years, with rare and sought-after models fetching impressive prices at auctions and online. “We're seeing a real surge in interest in Breyer models, particularly among younger collectors,” notes the Andersens Tax spokesperson. “They’re recognizing the investment potential and the joy of collecting. We want to help them protect their investment and comply with all applicable tax laws.” Getting Started with The Stable Solution Andersens Tax LLC is offering a free consultation to Breyer Traditional Model horse collectors interested in learning more about The Stable Solution. Visit their website at [Hypothetical Website Address] or call 601-325-9704 to schedule an appointment. “Don’t let tax concerns hold you back from pursuing your passion for Breyer horses,” concludes the Andersens Tax spokesperson. “Let us take care of the taxes so you can enjoy the ride.”