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TheSeeker03

10-11-2005 06:03 PM

Investing in Oil and Gas mining. Taxbreaks.

I read this nice little article yesterday.

http://finance.yahoo.com/columnist/a...ichricher/1095

This got me thinking about investing in Oil development ot take advantage of taxbreaks. Good idea? Any one have experience with that?

midas

10-11-2005 06:09 PM

Re: Investing in Oil and Gas mining. Taxbreaks.

1. It's not as simple as you think
2. Most LP's allow you to defer tax liability not avoid it.
3. These tax deal can really backfire if structured too aggressively - tread wisely

Dan Mezick

10-12-2005 12:24 AM

Re: Investing in Oil and Gas mining. Taxbreaks.

I believe the oil and gas tax credits do make sense if your marginal rate of tax on ordinary income is at the maximum.

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