Oil and Gas Taxation Library

Oil and Gas Taxation Library
Comprehensive coverage and expert guidance for oil and gas taxation issues

The Oil and Gas Taxation Library simplifies finding answers to oil and gas taxation questions with complete information on one of the most complex areas of federal taxation. This comprehensive resource gives you authoritative, up-do-date content and tax strategies to guide you through the maze of oil and gas taxation issues.

Detailed information is provided through several industry-specific components.

Oil and Gas Tax Reporter
Oil and Gas Tax Reporter Tax Trends Newsletter (monthly)
Multistate Oil and Gas Severance Tax Interactive Chart
Internal Revenue Manual – Oil and Gas Handbook
ISPs/MSSPs

Formats available/Update frequency

Entire Gas and Oil Taxation Library available on Tax Research NetWork™; regular updates
Oil and Gas Tax Reporter, with the Oil and Gas Handbook, also available in print; quarterly updates

Oil and Gas Tax Reporter

The Oil and Gas Tax Reporter provides a thorough analysis of oil and gas tax issues, expert commentary, helpful planning insights and practical examples illustrating the concepts discussed. This practice-friendly resource increases the efficiency of your research with sections organized to trace the industry pattern for developing oil and gas reserves.

Introduction to Oil and Gas Taxation
Acquisition of Interests
The Exploration Period
The Production Period
Dispositions
Other Areas

Up-To-Date Information and Tax Strategies
All of the content in the Oil and Gas Tax Reporter is current and up-to-date, with strategies designed to help you reduce tax obligations. Links connect you to further information.

Monthly newsletter
Helpful strategy and planning suggestions
Topical Index links to explanations
References to corresponding Code and Regulation Sections
IRS Rulings and Court Decisions citations for further research

Topics of Interest
The Oil and Gas Tax Reporter provides answers on topics of vital interest to accounting, tax and legal practitioners concerned with financial issues related to oil and gas industry tax law.

Economic Interest
Lease and Purchase Arrangements
Royalty and Overriding Royalty
Minimum Royalties
Working Interest (or Operating Mineral Interest)
Production Payments
Net Profits Arrangements
Geophysical Expenses
Intangible Drilling and Development Costs
Sharing Arrangements and Carried Interests
Depletion Deduction – General
Allowance or Disallowance of Depletion
Property for Depletion Purposes
Cost Depletion
Gross Income from the Property
Taxable Income from the Property for Depletion Purposes
Limitations on Percentage Depletion
Unitizations
Disposition of Interests -- Lease (or Sublease) and Sale
Nontaxable Exchanges
Losses and Abandonments
Associations Taxable as Corporations
Partnerships
Selected Corporate Issues
Alternative Minimum Tax
Special Provisions Affecting the Determination of Tax
Tax Credits
DepreciationApplication of Accounting Methods
International Provisions
Current Developments – Summaries
State Tax Summaries

The Oil and Gas Taxation Library features five valuable resources.

Oil and Gas Tax Reporter — edited by industry experts, with illustrative examples, tax planning considerations, and citations to controlling authorities; updated quarterly
Oil and Gas Tax Reporter Tax Trends Newsletter (monthly) — tracks energy legislation, IRS rulings, federal cases, and other developments
Multistate Oil and Gas Severance Tax Interactive Chart — helps you quickly find the applicable oil or gas severance tax rates for any state jurisdiction, with citations to the state laws
Internal Revenue Manual – Oil and Gas Handbook
ISPs/MSSPs — includes the IRS Audit Technique Guide for the Oil and Gas Industry