IRS Logo
Print - Click this link to Print this page

Market Segment Specialization Program (MSSP)

Placer Mining Industry

Table of Contents

Appendix B - Bibliography

Alaska's Mineral Industry Division of Economic Development, Division of Geological & Geophysical Surveys, Division of Mining Special Report 44, 1989, Special Report 45, 1990, Special Report 46, 1991
Alaska Minerals Yearbook U.S. Department of the Interior, Bureau of Mines August, 1991
Alaska's Mineral Industry 1991 Summary Division of Geological & Geophysical Surveys, Alaska Dept. of Natural Resources February, 1991
Mineral Commodity Summaries 1991 U.S. Department of the Interior, Bureau of Mines  
The Gold Hunter's Field Book Jay Ellis Ransom Harper Colophon Books, 1980
Gold, Where And How To Find It Yourself William Bleifuss The Bobbs-Merrill Co., Inc., 1981
Proceedings of the 13th Bicentennial Conference on Placer Mining & Trade Fair, "International Placer Mining" Cathy Farmer, Publisher, 1992  
Alaska Business Monthly Volume 8, Number 11 Alaska Business Publishing Co.
Fairbanks Community Research Volume XV, No.1, Spring 1992 Community Research Center
Selected Significant Mineral Deposits in Alaska United States Department of the Interior, Bureau of Mines Information Circular 9177
Surface Mining American Institute of Mining, Metallurgical, and Petroleum Engineers, Inc.; Eugene P. Pfleider, Editor The Maple Press Co., 1968

- Return to Table of Contents -

Appendix C - Examination Checklist for Mining

An examination checklist covering mining activity is included as part of this audit technique guide for Placer Mining to assist the user with pre-examination planning, the initial interview, and with the recognition of potential issues. This checklist is not intended to be all inclusive but only to serve as a guide.

Examination Checklist - Mining

________ Location of Mine
________ Ownership of Mine
________ Years of Operation
________ Status of Mining Activity
________ Type of Minerals Mined
________ Type of Mining / Placer
________ History of Activity and Operations
________ History of Income and/or Losses
________ RTVUE of Prior and Subsequent Years
________ Other Mines or Miners in Area
________ Permits Required and Obtained
________ Governmental Agencies Regulating the Activity
________ Mining Forms Filed
________ State or Federal Claim Number
________ Affidavits of Annual Labor
________ Mining Activity on Privately Owned Property
________ CTR's
________ Review IRP Documents
________ Inspect Mining Agencies' Files
________ Sources of Mining Income
________ Types of Sales
________ Sales of Minerals
________ Amount of Gold Sold and Dates of Sales
________ Sales of Raw or Refined Gold
________ Sales of Nuggets
________ Records Kept
________ Mining Partners/employees
________ Mining Stage for Years under Exam
________ Type of Mining Activity
________ Plan of Development for the Mine
________ Mining Season
________ Mining Equipment Used
________ Assets
________ Mining Assets
________ Acquisition of Assets
________ Bank Accounts
________ Source of Funds for Purchases
________ Loans and Collateral for Loans
________ Name and Location of Buyers of Inventory
________ Cash Transactions
________ Cash Hoard
________ Cash Expenditures
________ Bartering
________ Inventory of Gold or Other Minerals Maintained
________ Beginning and Ending Inventories
________ Payments of Labor or Expenses in Kind
________ Prospecting Activity
________ Exploration Stage and Expenses
________ Development Stage and Expenses
________ Producing Stage
________ Mineral Discoveries
________ Recapture of Exploration or Development Expenses
________ Claims Sold
________ Trade or Business versus Hobby
________ Activity Not for Profit Factors - IRC section 183
________ Economic Feasibility of the Operation
________ Passive Activity
________ Material Participation
________ Mining Lease or Royalty Income
________ Who Runs Day-to-Day Operations
________ Location of Residence of Owners
________ Hours Worked
________ Employees
________ Forms W-4, W-3, W-2, and 1099
________ Employment and Excise Tax Returns Filed
________ Employee versus Independent Contractor
________ Method of Depletion
________ Basis or Adjusted Basis of the Mineral Property
________ Estimated Reserves in Units
________ Fuel Costs and Type of Use
________ Environmental Permits and Restrictions

- Return to Table of Contents -


Page Last Reviewed or Updated: 30-Aug-2012