How to MAXIMIZE OIL & GAS TAX DEDUCTIONS

Описание: In this video, Rich Hofmann, CPA, JD, takes you through the most powerful tax deductions available for oil and gas investors. Whether you’re a seasoned industry participant or exploring your first energy investment, understanding these complex rules can help reduce your taxable income.

Throughout the video, Rich covers a range of critical topics—explaining how intangible drilling costs and key Internal Revenue Code sections (including §§ 263, 263(c), and 168) create upfront deduction opportunities, how depreciation and bonus depreciation accelerate write‑offs, the impact of active versus passive loss rules and material participation requirements on your ability to claim those losses, which expenses you can exclude from income, and how the depletion allowance lets you recover your investment over the life of a well.

Oil and gas investments come with unique tax benefits—but only if you know how to apply the rules correctly. From the election to deduct intangible drilling costs to navigating the passive activity limits and depletion rules, each strategy can materially impact your after‑tax return.

Please like, comment, and subscribe if you found this video helpful. For tailored advice on your oil and gas ventures, visit our website:

https://neiljesani.com

Social Links:

LinkedIn:   / neil-jesani-advisors  
Instagram:   / neiljesaniadvisors  
Facebook:   / neiljesaniadvisors  
TikTok:   / neiljesani  

Disclaimer:

This video is for educational purposes only and does not constitute legal, tax, or financial advice. Always consult a qualified professional regarding your specific situation.