Invest in Oil and Gas and Get Tax Benefits

Use oil and gas investments as a way to lower your tax burden next spring

It would be safe to assume that perhaps no other industry offers more tax incentives than oil and gas investing.  Here is a partial list of some of the advantages and deductions:

  • Intangible drilling costs (80% cost of drilling, 100% during year they occur)
  • Tangible drilling costs (100% during year they incurred)
  • Depletion allowance (15% of gross income)
  • Active income (offset net losses)
  • Alternative minimum tax (preference item on tax return)