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Lexis Nexis Federal Taxation of Oil and Gas Transactions
Covers the depletion deduction; tax treament of costs incurred in drilling; oil and gas partnerships; equipment depreciation, and more.
Publisher: Matthew Bender Elite Products
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This authoritative Lexis treatise brings together in one publication the know-how of America's top oil and gas experts. These experts clearly explain and analyze the major issues concerning tax risk officers and corporate decision makers in the extractive, refinement, and distribution markets of the oil and gas industry.
• Depletion (cost depletion and percentage depletion)
• Property unit in oil and gas operating and non-operating sites
• Joint operations, including limited liability companies
• Unit operations
• Lease costs
• Drilling and development
• Economic interests issues in mineral taxation
• Sharing arrangements
• Partnerships
• Sales and other dispositions
• Depreciation
• Foreign oil and gas activities and the foreign tax credit
• Tax returns, audits and selected audit issues in the oil and gas industry
• Federal excise taxes on oil and gas
• Selected tax issues and provisions (e.g., alternative minimum tax, at-risk rules, passive activity limits, capitalization rules, and tax treatment of environmental cleanup costs)
• State tax and substantive law issues, compared
Contains a topical index and tables of cases, statutes, regulations, letter rulings, and other citations.
Current edition published in 1987, updated semi-annually.
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Authors / Contributors
Robert Polevoi
William H. Byrnes
William H. Byrnes
William H. Byrnes (principal author), an Executive Professor of Texas A&M University School of Law, is an author of nine LexisNexis international tax and federal tax treatises, three Tax Facts books of National Underwriter, and over 1,000 tax articles. In 1994, he developed an international tax graduate program, pioneering in 1998 the first online LL.M. offered by an ABA law school (International Taxation). He held a senior position of international tax at Coopers & Lybrand (South Africa) specializing in transfer pricing and functional analysis. Professor Byrnes undertook a three-year transfer pricing fellowship at the IBFD in conjunction with an LL.M. at the University of Amsterdam. His Lexis treatises include Taxation of Intellectual Property and Technology; Practical Guide to U.S. Transfer Pricing; Foreign Tax and Trade Briefs; Guide to FATCA Compliance; Money Laundering, Asset Forfeiture and Recovery, and Compliance; Tax Havens of the World; Federal Taxation of Oil & Gas Transactions; Texas Estate Planning; and International Withholding Tax Guide. He may be contacted at williambyrnes@gmail.com.
Table of Contents
VOLUME 1
Chapter 1: Depletion--Concepts and History
Chapter 2: Cost Depletion
Chapter 3: Percentage Depletion
Chapter 4: The Property Unit
Chapter 5: Joint Operations
Chapter 6: Unit Operations
Chapter 7: Lease Costs
Chapter 8: Intangible Drilling and Development Costs: Current Expense vs. Capitalized Cost
Chapter 9: Economic Interests
Chapter 10: Sharing Arrangements
Chapter 11: Partnerships
Chapter 12: Sales and Other Dispositions
Chapter 13: Depreciation
Chapter 14: Foreign Oil and Gas Activities and the Foreign Tax Credit
Chapter 15: Selected Tax Issues and Provisions
VOLUME 2
Chapter 16: Windfall Profit Tax (Repealed)
Chapter 17: The Tax Return, Audits and Selected Audit Issues in the Oil and Gas Industry
Chapter 18: Federal Excise Taxes on Oil and Gas
Chapter 19: Comparison of State Oil & Gas Law
Chapter 20: Master Limited Partnerships
Chapter 21: Sale Versus Lease Considerations in Oil and Gas Transactions
Chapter 22: Characterization and Taxation of Cross-Border Pipelines
Table of Statutes and Regulations
Table of IRS Administrative Pronouncements
Table of Cases
