Vehicles Equal Moving Deductions for Mining Operations
August 2019 by Mark E. Battersby
Knowing how and when to deduct the cost and expenses of the vehicles used in the prospecting or mining operation can have significant tax implications.
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.
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.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
The need to bring mining back to North America is more urgent than ever.
Australia’s Perth Mint currently holds the record for the world’s largest gold coin.
The Bawl Mill • Our Readers Say • Ask The Experts - What is a 'wissbanger'? • Legislative and Regulatory Update • Papa's Got A Brand New Dredge! • Selecting A Low-Risk Region To Explore, Mine or Invest • Resurrecting An Old Hard Rock Mine--The Saga Continues • Research Tools for The Modern Prospector • Silver Peak, Nevada: A Little of Everything • Vindication for Montana Veteran Joe Robertson • Green Returns And Opportunity Is Almost Gone • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices