Federal Taxation of Oil and Gas Transactions

Federal Taxation of Oil and Gas Transactions on the LexisNexis® Tax Center provides analytical insight into key current developments and decisions in the federal courts and at the IRS that impact the federal tax treatment of the oil and gas business, including but not limted to: Deduction for...

Federal Taxation of Oil and Gas Transactions

Recent guidance - Leveraged Partnership Deduction of Intangible Drilling and Development Costs (IDC) Deduction, Passive Activity Grouping Rules, CO2 credit, Depreciation / Accelerated Cost Recovery... D eduction for intangible Drilling and Development Costs (IDC) . The Service has issued a coordinated...