Free Kindle Oil And Gas: Federal Income Taxation (2015) ebooks Download
The taxation of natural resources is one of the more complicated areas of the U.S. federal income tax system. From the acquisition of the mineral rights, to the exploration and development of the property, to the ultimate production of the mineral, there are unusual and challenging tax aspects along every step of the way. Oil and Gas: Federal Income Taxation is an invaluable singlesource handbook for accounting, tax and legal practitioners concerned with financial issues related to oil and gas industry tax law. Updated and revised by noted oil and gas taxation authority and educator, Patrick A. Hennessee, Ph.D., CPA , and Sean P. Hennessee, JD, this detailed reference is divided into six main sections: Introduction to Oil and Gas Taxation Acquisition of Interests The Exploration Period The Production Period Dispositions Other Areas The text begins with a discussion of the nature of oil and gas reserves in order to gain a better understanding of the industry. The material following is organized in a logical sequence of events which traces the normal industry pattern for developing oil and gas reserves. Special features include: * A special ''Highlights of New Developments'' section provides a convenient, ataglance summary of recent tax legislation, case law, rulings, position papers, etc., as they relate to the oil and gas industry, and it tells readers where in the volume they can find additional information on the specific topics. * Reflects all the recent developments in place, including new legislation, regulations and case law changes impacting this area since the previous edition published, allowing tax and legal professionals to stay current on this highly specialized area of tax law. * Enables understanding of the myriad technical aspects of oil and gas taxation by thoroughly discussing the critical issues of: economic interests lease and purchase arrangements royalties working or operating mineral interest production payments net profits arrangements geological and geophysical expenses intangible drilling and development costs sharing arrangements and carried interests depletion gross income from property taxable income from property unitizations disposition of interests nontaxable exchanges losses and abandonments types of ownership alternative minimum tax nonconventional fuel credit depreciation accounting methods international provisions * Provides helpful strategy and planning suggestions. * Includes a Topical Index to enable fast location of subjects of interest and a detailed Table of Cases and Rulings Lists. * Provides references throughout the text discussion to the corresponding Code and regulation sections, IRS rulings and court decisions for further research.
Perfect Paperback: 688 pages
Publisher: CCH Inc. (November 21, 2014)
Language: English
ISBN-10: 0808039261
ISBN-13: 978-0808039266
Product Dimensions: 6.9 x 1.6 x 8.9 inches
Shipping Weight: 1.6 pounds (View shipping rates and policies)
Average Customer Review: 3.0 out of 5 stars See all reviews (5 customer reviews)
Best Sellers Rank: #1,472,019 in Books (See Top 100 in Books) #80 in Books > Business & Money > Taxation > Corporate #8098 in Books > Business & Money > Accounting #31857 in Books > Textbooks > Business & Finance
Not helpful for completing Schedule C for Working Oil Interests. More helpful was talking to an Accountant about how to set upExcel Worksheets with monthly Expense detail by hole, and create annual aggregate summaries.
I've been an O&G tax accountant for 35+ years. While I'm not crazy about the book either (mainly because it's poorly organized), I believe you'll find it to be the most reliable and comprehensive reference available. Everything you need to know is probably in there somewhere, if you have the patience to dig it out. I currently use the 2012 edition (my fourth), which is still reasonably up to date, and I believe it cost me about $75 used. I can live with that.
Some of the cites need to be updated. It's a good starter material, but confirm before you use it as gospel.
simply great.
The description was not much more than the title. Not useful for an oil nd gas professional. May work for a tax attorney.Too expensive. Should have made more info available online, if I saw more I never would have paid that much.
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