Check The Box For Tax Savings
November 2010 by Mark E. Battersby...an entity that is a partnership or limited liability company under the laws of the state in which it is formed may elect to be taxed as a regular C-corporation or as an S-corporation under the check-the-box rules.
The Internal Revenue Service recently announced (IR-2013-5) a new, simplified option for those who use a home office, which would apply to owners of home-based mining or prospecting operations and businesses.
Well, by the time this issue hits the newsstands or your mailboxes, the New Year of 2013 will be upon us, and it seems worthwhile to take a look at important recent trends that are likely to extend into the coming twelve month period.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
…there is now concrete evidence that growing numbers of investors and other concerned observers are now turning to gold as a storehouse of value in these potentially troubling times.
In an effort to resolve the controversy over whether certain expenditures made by a mining operation or mining-related business are currently deductible as repair expenses...the Internal Revenue Service has finally released new regulations.
The Bawl Mill • Legislative and Regulatory Update • The Jenkins Mine Project, Conclusion—Recovery Operations & Summary • Gold of Plumas County • Recent Prospecting in Plumas County • Prospecting for Nickel Deposits • Detecting My Way Across Australia—Pt II • Detectors Versus Pans • Mining Stock Quotes & Mineral and Metal Prices