Targeted for a Tax Audit
February 2012 by Mark E. BattersbyAlthough 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.
While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.
Its Been An Interesting Month For Metals
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
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 • Feds Order Closure of Idaho Mine • Trying Out the New Highbanker • A Gold Mine on a Washington Beach? • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices