The article reports that in a private letter ruling released on January 14, 2011, the U.S. Internal Revenue Service (IRS) allowed a bulk sale exception to the retailer exclusion, allowing an oil and gas company to claim percentage depletion. Compressed natural gas (CNG) regulations are cited...
The Internal Revenue Service (IRS) has targeted all investors and promoters involved in tax-sheltered investments for audit. Several new audit types and procedures will mean that investors are more likely to be audited and, when they are, it will take longer and cost more. Oil- and gas-dril...
211110 Oil and gas extraction 211120 Crude petroleum extraction 211130 Natural gas extraction 212000 Mining (except oil and gas) Utilities 221000 Utilities Construction 230000 Construction 236000 Construction of buildings Manufacturing 310000 Manufacturing 323100 Printing and related support activities 339110 Me...
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Supreme Court backs IRS investment limits for oil, gas projects. (Internal Revenue Service)Garner, W. Lynn
The ERCOT wholesale electricity price has frequently been 100 times higher than the price in California. How did we get here?Oil and Gas Investor groupOil and Gas Investor