Writing It All Off After The Tax Cuts and Jobs Act
August 2018 by Mark E. Battersby
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.
When it comes to the expense of using a car, van, pickup or panel truck for business purposes, they can be deducted by the operation as 'transportation" expenses.
Once all of the pros and cons are considered, many miners and prospectors have discovered the so-called “Limited Liability Company” is the most profitable operating entity for their venture.
It is hard to imagine any month during the thirty years I have been writing this column which had more bombshell headlines than the past thirty days.
On a personal note, very little has bothered me quite as much as the fact that some on the political left are crying “foul” about the fact that Secretary Clinton may have (the outcome is still slightly uncertain at press time) gained more popular votes than the President-elect and therefore the election result is “wrong.”
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - What are these thin brittle sheets with reddish powder? • Ask The Experts - Are custom mills available for titanium and tungsten? • Ask The Experts - What assay value is needed for cobalt deposits? • Ask The Experts - What do you think is the source of gold in this area of Ireland? • Annual Claim Filings Due • Highbanking for Gold • Gold Placers in Italy • Critical Minerals: Titanium—Part II • Detector Brings New Life to An Old Lode Mine • The Batteries Metal Rush • Blackberries and Gold • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices