Oil and Gas: Federal Income Taxation

ThetaxationofnaturalresourcesisoneofthemorecomplicatedareasoftheU.S.federalincometaxsystem.Fromtheacquisitionofthemineralrights,totheexplorationanddevelopmentoftheproperty,totheultimateproductionofthemineral,thereareunusualandchallengingtaxaspectsalongeverystepoftheway.OilandGas:FederalIncomeTaxationisaninvaluablesingle-sourcehandbookforaccounting,taxandlegalpractitionersconcernedwithfinancialissuesrelatedtooilandgasindustrytaxlaw.Updatedandrevisedbynotedoilandgastaxationauthorities,PatrickA.Hennessee,Ph.D.,CPA,andSeanP.Hennessee,J.D.,M.S.Taxation,M.B.A.,thisdetailedreferenceisdividedintosixmainsections:IntroductiontoOilandGasTaxationAcquisitionofInterestsTheExplorationPeriodTheProductionPeriodDispositionsOtherAreasThisneweditionfullyreflectsthenumerousandimportantstatutoryandregulatorychangesofconcerntotheoilandgasindustry.Consultthebook'sspecial"HighlightsofNewDevelopments"sectionwhichprovidesaconvenient,at-a-glancesummaryoftherecenttaxlegislation,aswellasnewcaselaw,regulations,rulingsandpositionpapersastheyrelatetotheoilandgasindustry.LeadingTaxInformationandToolsforProfessionalsCCHoffersasuiteoftaxproductsprovidingin-depthanalysis,guidance,andsolutionsinafullrangeofoptions-fromguides,practicemanualsandtreatisestojournals,newslettersandinternetresearchlibraries.MakeCCHyoursourceforfederaltaxpreparationguidancewithcomprehensive,timesavingproductsforprofessionals,including:U.S.Master?DepreciationGuideU.S.MasterTaxGuide?CodeSection199ComplianceandPlanningManualPracticalGuidetoScheduleM-3Compliance(SecondEdition)PracticalGuidetoCostSegregation(SecondEdition)PracticalGuidetoConsolidatedReturns(SecondEdition)InternalRevenueCodeIncomeTaxRegulationsToorderorformoreinformationontheseandotherCCHTaxandAccountingproductsandservices,call800-248-3248orvisittheStoreatCCHGroup.com.