Are you an accredited investor interested in oil and natural gas tax advantages? If so, know that you can enjoy tax deductions for both tangible and intangible drilling costs. To better understand why the tax deductions of intangible and tangible oil and gas drilling costs differ, it’s essential to have a solid idea of just […]
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The International Energy Agency (IEA) reported in 2018 that the United States became the world’s largest producer of oil, surpassing that of rival oil producers Saudi Arabia and Russia. Additionally, the United States also became a net exporter of oil in 2018, a distinction not held in 75 years. With US production ramping up and global demand continuing […]
Investors’ participation in oil and gas partnerships has reached a multi-year high in 2018 primarily due to a sustained rise in prices, but also due to capitalizing on large deductions in the year of the investment. Considered one of the top tax-advantaged investments, oil and gas partnerships not only offer large deductions but also provide […]