Compass Tax Educators

There has been an increase in taxpayers investing in oil and gas projects due to the special tax treatment for intangible drilling costs. However, there are complex alternative minimum tax issues that could substantially reduce the potential tax benefit. This webinar provides an overview of the tax benefits from oil and gas investments while demonstrating the alternative minimum tax implications. 

Learning Objectives

• Describe the federal tax treatment of intangible drilling costs.
• Describe the alternative minimum tax treatment of intangible drilling costs.
• Calculate the potential tax benefit from an oil and gas investment.
• Demonstrate how oil and gas-related tax items are presented on the investor's tax return.

Education Information
IRS Program Number: NMVBP-T-00297-25-S
Credit hours: 1 NASBA CPE / 1 IRS CE
Prerequisite: None
Advanced Preparation: Basic understanding of partnership tax principles
Program Level: Intermediate
Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)

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Course expires one year after purchase.

Instructor: Ryan Reichert, EA, CFP® Click here to learn more about the instructor.

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