While You Are Panning For Gold, The Internal Revenue Service Is Panning YOU For An Audit!

NEVER Once again EXPERIENCE THE FEAR ASSOCIATED WITH AN AUDIT BY THE INTERNAL REVENUE SERVICE!

The Private secret IRS Instructions written specifically for Internal Revenue Service Audit Agents to use piece conducting audits of the Alluvial sediment Mining Industry.

Placer mining is a special open cut know how for exploiting deposits of sand or gravel containing feasible a mounts of valuable minerals. Native gold is the most important alluvial sediment mineral, but pt and tin are besides found in gravels. Minerals besides include zircon, diamond, ruby, and another gems.

This selection of Uncle Sam's Tax Audit Assistant represents a guideline for the examinations of taxpayers in the Alluvial sediment Mining Industry. This manual focuses on small mining operations delineated as sole proprietorships on Schedule C, but it can be altered for partnership and corporate returns.

Why The Alluvial sediment Mining Industry Is A Target

Major operators produce the bulk of gold recovered and refined, but small-scale, independent miners do up the majority of the tax returns filed. Mining has historically been a cash-based activity. Often the mineworker wish have little, if any, documentation to keep the activity. If there are records, they are often disorganized. Hand-written receipts are common. This manual addresses several specific problem areas encountered in the examination of the smaller mining operations, with emphasis on the alluvial sediment miner.