Fun or Business for Tax Purposes

[Hoser John]

http://www.irs.gov/pub/irs-mssp/placer.pdf

That time a year to finally make that big decision to be or not to be hope this helps-John

[Hoser John]

Business or Hobby? http://www.irs.gov/uac/Business-or-Hobb ... Deductions

[russau]

John after reading all of that, it looks like maybe the IRS will be out looking for me!:)

[Hoser John]

All they'll find is a happy fella with a big ol'smile having a good time-John

[russau]

:):)!!!

[gremlin]

you should send this to every one in cal. that way they mite under stand that the irs wants every one that mines to pay taxes and since they cut off the taxes the irs mite get a bit mad at them.

[tommyknocker]

"In reality, few miners ever claim to be in the producing stage, disposals are seldom reported, and it is unlikely that proper accounting for the recapture of expenses will be found."

Crap!!! They're on to us!

[CalGoldDredger]

Go Tea Party Patriots!!!

[Hoser John]

I had to file for over 20 years and got audited twice and they couldn't prove anything except I paid tooooo much and got refunds both times. Them IRS agents in Santa Ana WERE NOT NICE but I made look like crap to their superiors and got 1 fired even,sooooo cool. John Mining biz is ez to do with a daily log,receipts,sales tickets,and state tax ID and resale license,not more than a hour or two a month book work,much easier than a NOI/ POO