Depreciation Deduction. One of the most attractive oil and gas tax deductions available for investors in direct participation programs is the depreciation deduction. According to the IRS code, most salvageable equipment used to develop the well or produce the oil and gas can be depreciated over a seven year period. Intangible costs deduction. Intangible costs … Read more →

One of the most attractive oil and gas tax deductions available for investors in direct participation programs is the depreciation deduction. According to the IRS code, most salvageable equipment used to develop the well or produce the oil and gas can be depreciated over a seven year period. Intangible costs related to well development can … Read more →

Tax advantage investments are serious investments made by investors because, regardless of the risk involved in the investment, the tax advantages from the investment are so attractive as to be worthwhile. Tax advantage investments are not as frequently available as they used to be, and are restricted to highly qualified investors. Regulations over the last … Read more →