ICTA IS THE NATIONAL TRADE ASSOCIATION FOR ALL WHO HAVE AN INTEREST IN PRECIOUS METALS, RARE COINS, US AND FOREIGN CURRENCY, AND OTHER NUMISMATIC AND TANGIBLE ASSETS. INCORPORATED IN JULY 1983, ICTA EDUCATES DEALERS ON COMPLIANCE WITH CERTAIN LAWS AND REGULATIONS GENERALLY HAVING TO DO WITH TAXATION AT THE FEDERAL AND STATE LEVEL. ICTA IS OFTEN CONTACTED BY GOVERNMENTAL AGENCIES AND STATE LEGISLATURES FOR INPUT FROM THE RARE COIN/ PRECIOUS METALS INDUSTRY ON LAWS AND REGULATIONS BEFORE THEY ARE FINALIZED. ICTA PROVIDES INFORMATION FOR ITS DEALER MEMBERS AND ACTS AS A CLEARINGHOUSE TO ALERT MEMBERS TO ANY NEW PROCEDURES OR REPORTING REQUIREMENTS. THE ORGANIZATION SERVES AS A LINE OF COMMUNICATION BETWEEN THE RARE COIN/PRECIOUS METALS COMMUNITY AND GOVERNMENT TO ENSURE THAT 1) LAWS AND REGULATIONS ARE WRITTEN AND ENACTED FAIRLY AND 2) THAT ICTA'S DEALER MEMBERS ARE IN FULL COMPLIANCE WITH FEDERAL AND STATE REPORTING REQUIREMENTS.