The Tax Advantages To Investing In Oil And Gas Your CPA’s Probably Never Heard Of
YoungUpstarts
JANUARY 26, 2017
But chances are, your CPA hasn’t mentioned it. That’s because, like doctors, CPAs specialize. IDCs are any costs associated with oil and gas production that cannot be resold (or recovered) later. to get the cost depreciation allowance, and you get to deduct $3,636 per year on its investment. How’s that?
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