Scrap Metal Industry

Focused on the scrap metal industry, this audit technique guide serves Internal Revenue agents during the examination of tax returns for both buyers and sellers. It aims to ensure uniformity and consistency in applying tax laws, offering a general overview of the industry while encouraging agents to incorporate local information relevant to their assessments. The guide acknowledges the support of the Institute of Scrap Recycling Industries, Inc. (ISRI) for providing essential background information and allowing the use of excerpts from their publications.