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.
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.
...here in America, another legislative financial crisis was averted as the National Debt limit was extended in January to $16.394 trillion. Only one year ago the authorized debt limit was a “mere” $14.294 trillion.
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
...a presentation of these important trends—which coincidentally have dominated the recent news—and my resultant predictions for 2016 and beyond, will make up the majority of this column.
That is one of the problems with much of the so-called objective information we regularly receive—it is so tinged with partisanship that much of it can barely be believed...
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.
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