Repair / Replace Tax Rule Changes
June 2012 by Mark E. BattersbyIn 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.
All 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.
One last subject is the performance of gold and silver themselves—which has been positive for more than two months—and to explain the reasoning behind these rallies.
Much of the past 12 months, both in America and around the world, has been devoted to discussions of Keynesianism versus the Austrian School of economics; of the value versus risks of “Quantitative Easing,” of free markets versus government-dominated markets; and of the right of government to accede to unlimited demands on her resources, no matter the cost.
One of the largest conundrums we would point out is the matter of rising interest rates starting to take place in several nations.
The Bawl Mill • Our Readers Say • Iowa Hill District • Gold Deposition and Gradients of Placer Streams—Part I • Pursuing Rare Earths in Wyoming • The Mole • Prospecting for Copper Ores—Part I • The Wisdom of Mark Twain—And Tales of Cheating the Unwary Prospector • Colorado Mining Association Appeals Roadless Ruling • Ganes Creek Hits 10 Years—Part II • Fifteen and Counting • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices