Since 1983, ICTA has been our eyes and voice in Washington, DC. Without ICTA, the industry and hobby are subject to the whims of legislators, regulators, and bureaucrats who are eager to appease whatever special interest group gets their attention.
Terry Hanlon, President, Precious Metals Division, Dillon Gage, Inc. of Dallas
PROTECTS YOUR BUSINESS
ICTA works to prevent laws and regulations that would interfere with your ability to do business and/or are excessively burdensome. ICTA also is proactive in proposing laws that would benefit the hobby and business. Equally important, ICTA educates dealers on compliance with certain laws and regulations. Much of our work pertains to issues of taxation and other IRS regulations. In our work with certain government agencies, we sometimes obtain critical clarifications specific to our industry that are only available through ICTA. (Even an IRS examiner may not have these letters/documents.)
SAFEGUARDS YOUR INTERESTS
Since its establishment in 1983, ICTA has developed important contacts within certain government agencies. ICTA is often contacted for input from our industry on laws and regulations that are being developed.
PROVIDES VALUABLE INFORMATION
ICTA often can provide information you need to 1) avoid costly mistakes (We receive calls for help on Cash Reporting and Broker Reporting almost daily.), and 2) prevent overzealous agents from taking advantage of your lack of expertise in the maze of regulations. Since we talk to dealers nationwide, ICTA acts as a clearinghouse to alert you to certain pitfalls and new enforcement activities.