Miners: Plan Ahead for Next Year's Taxes
May 2005 by Mark E. BattersbyMany well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
Legislation before Congress would enable the federal government to become a net silver buyer for the first time in four decades.
The Colorado Plateau, much of it “Red Rock Country,” covers most of southern and eastern Utah, as well as parts of adjoining states. Elevations range from 3,600 to over 12,000 feet. Much of the region is...
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.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
• The sky is falling...
• Unwanted money...
• Snow cones for safety
• The rules are changing
The operation and techniques employed are highly successful in producing free gold with minimal work involved while maintaining an environment protection process through the use of recycled water and a settling pond.
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