Here's How Oil & Gas Saved Me on TAXES
Video Overview & Insights
Buy my book, The Art Of Legal Tax Avoidance ▶ https://theartoflegaltaxavoidance.com/?utm_source=youtube&utm_campaign=book_launch
Subscribe to the channel for more tax tips and insights!
▼ Buy my book, The Art Of Legal Tax Avoidance:
https://theartoflegaltaxavoidance.com/?utm_source=youtube&utm_campaign=book_launch Book a Professional Tax Assessment Call ▶ https://start.taxalchemy.com/consultation?utm_source=youtube&utm_medium=description&utm_campaign=kd310-oil-and-gas-tax-savings
Please suggest reliable oil drilling companies to invest in. Thanks
Cost Segregation Tax Savings Calculator ▶ https://taxalchemy.com/cost-segregation-calculator?utm_source=youtube&utm_medium=description&utm_campaign=kd310-oil-and-gas-tax-savings
Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_source=youtube&utm_medium=description&utm_campaign=kd310-oil-and-gas-tax-savings
How have you dealt with the AMT issue on tax returns with large IDC?
We earn commissions when you shop through the links below.
Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink=&afftrack=
PRT, VTS, BSM, DMLP, KRP, SBR, FRU, MTR, VNOM, MVO are we talking about these PRT, VTS, BSM, DMLP, KRP, SBR, FRU, MTR, VNOM, MVO
The United States government provides incredible tax benefits for people who invest in certain assets. Oil and natural gas are two assets that the government provides huge tax breaks for. This means that people who know how to capitalize on the tax benefits of oil and gas investments can potentially save a fortune in taxes.
In this video, tax expert Karlton Dennis explains how you can invest in oil and gas strategically to capitalize on enormous tax breaks. He breaks down the tax benefits of tangible and intangible drilling costs, the small producer depletion allowance, bonus depreciation, and more. This video is a guide to saving money in taxes with oil and gas investments.
Does this apply if you inherited oil and mineral rights and receive royalties
There are different tax benefits available to different types of oil and gas investments. For example, people with working interests in oil and gas wells can potentially qualify for more tax breaks than people without working interests. Karlton also breaks down the different benefits for different types of oil and gas investments.
CHAPTERS:
Oil and gas investment is where its at...
0:00 Intro
0:14 What Are Oil and Gas Investments?
Hello, I’m 23 and I would like to know how to invest in oil and gas
1:06 What Are the Tax Benefits of Oil and Natural Gas Investing?
1:31 Tangible Drilling Costs
This went completely over my head
2:10 Intangible Drilling Costs
3:50 Percentage Depletion Allowance for Small Producers
Or just buy Bitcoin & support renewable energy 🌳😅
4:17 Navigating Oil and Gas Investment Structures
4:30 Working Interests
Love how you’re expanding into new areas of tax strategy, Karlton. This breakdown on oil & gas really adds another layer of value to your content!
5:41 Royalty Interests
6:34 Oil and Gas Stocks
I’ve worked with so many small business owners who had no idea how much they could save with the right tax plan. This kind of content is needed!
7:18 Why Does the Government Provide Tax Breaks for Oil and Gas Investments?
8:19 The Risks of Oil and Gas Investing
Oil and gas investment has always been a major source of income I and my husband earn highly from, thanks to my financial advisor, I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 63 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 66 yo and have put $13,000 in an IRA and $95,000 in my portfolio with CFA, Diasy L Cohn . Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
9:46 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
Wow, this hit deep. 💖 The way you unpack identity, purpose, and the quiet voice inside that guides us — it’s poetic and potent. Thank you for speaking what many feel but can’t name. 🧡
#oilinvesting #oilstocks #oildiscovery
I was wondering if this summit would have updates since your last webinar because of the big beautiful bill. As a YouTuber I cannot wait to work with your team. We need your strategies.
More User Perspectives
Does this same tax benefit apply when buying existing royalties and/or working interests?
@zk9093The Augusta Rule, Section 179 deduction, and Cost Segregation content was getting repetitive and stale . Nice shift to a new topic
@Ronin.number.9👊👊👊👊👊👊👊👊
@Towanda-xq2xgYou are the Business GOAT💪💪💯💯❗
@CocoBean-r6hKarlton Dennis explains how oil and gas investments offer significant tax benefits, including deductions for tangible and intangible drilling costs, percentage depletion allowances, and different tax advantages based on investment structure (working interests, royalty interests, or stocks).
@sooma-ai