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#1
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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? |
#2
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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 |
#3
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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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