Melman on Gold & Silver
February 2012 by Leonard MelmanAll we can say is “Welcome to 2012,” and if the first part of January is any indication, it is going to be quite a year on many fronts from the ongoing international financial crisis to the progress of a presidential election set to end this coming November.
While most prospectors, mine operators and business owners are aware that “like-kind” exchanges can be an excellent way to postpone the gain resulting when any of the operation’s assets are disposed of, few give any thought to the value...
...the tax rate for an incorporated, small-scale mine or mining-related business will be reduced from the former 35 percent rate to 21 percent for the 2018 tax year and thereafter.
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
The Bawl Mill • Ask the Experts - ...Worth further investigation? • Ask the Experts - Processing sulfide ore without mercury or cyanide. • Regarding "Good Assays and Bad" • New "Employment" Category • 4 Keys to Successful Nugget Hunting • A High Price to Pay • Eolian Placer Gold • All the Gold Ever Mined... • The Basics of Geophysical Exploration • Targeted for a Tax Audit • Feds Order Closure of Idaho Mine • Trying Out the New Highbanker • A Gold Mine on a Washington Beach? • Mining Stock Quotes and Mineral & Metal Prices