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Shelter Income

Tax Deductions

Tax Write-Offs

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What are the typical highlights of this legal tax shelter?

Oil and gas investment is now widely recognized as the very best current tax advantaged investment available(Newsweek).
-Congress gives individual investors tax breaks that are not available to large companies.
-Typically 70% of your entire investment is deductible in the very first year(can include pass-thru tangible and intangible drilling costs)The intangible expenditures of drilling (labor, chemicals, mud, grease, etc.) are usually about (70%) of the cost of a well. These expenditures are considered "Intangible Drilling Cost", which is 100% deductible during the first year. For example, a $100,000 investment would yield up to $70,000 in tax deductions during the first year of the venture. These deductions are available in the year the money was invested, even if the well does not start drilling until March 31 of the year following the contribution of capital.The total amount of the investment allocated to the equipment “Tangible Drilling Costs” is 100% tax deductible. In the example above, the remaining tangible costs ($30,000) may be deducted as depreciation over a seven-year period. (See Section 263 of the Tax Code.).
-Typically 15-20% deductions from monthly revenue(pass-thru percentage depletion)-Up to 100% tax-free income-Working Interest in an oil and gas well is not a "Passive" Activity, therefore, deductions can be offset against income from active stock trades, business income, salaries, etc. (See Section 469(c)(3) of the Tax Code).
-Other deductions including pass-thru Operating and Production costs.
Exact numbers will vary by specific Program.

Why does this legal tax shelter exist?

Congressional Incentives Encourage Domestic Petroleum Development
Oil and gas from domestic reserves helps to make our country more energy self-sufficient by reducing our dependence on foreign imports. In light of this, Congress has provided tax incentives to stimulate domestic natural gas and oil production financed by private sources. Drilling projects offer many tax advantages and these benefits greatly enhance the economics. These incentives are not "Loop Holes" -- they were placed in the Tax Code by Congress to make participation in oil and gas ventures one of the best tax advantaged investments.

Who can take advantage of this program?

This program is open to anyone who qualifies, typical minimum investments usually start from 50k to 100k. Many savvy and sophisticated investors start with much more. Currently there is no investment cap though the best run firms have limited space for new investors and close fast.

I want the tax break now! How do I get more information?

We have a range of top tier companies that we have investigated and from which we recommend. We highly suggest investors interested in this type of investment work only with firms we currently recommend. Our criteria includes experience, history and track record. We only recommend what we feel is our top qualified investment. Once these investments are filled we never simply recommend something else that does not meet our high standards just to do so. Please fill out the form below and our tax specialist will contact you with information on our best current Legal Tax Shelter investment selection:

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