Federal Taxation of Oil and Gas Transactions

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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.

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