Jay Vinekar
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Help with a research project

Started Dec 30, 2011 0 Replies

I'm an MBA student at Rice University, and doing a research internship for a wealth management firm in Houston. My project deals with the Eagle Ford Shale play and the various ways that wealth is…Continue

 

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Cost Depletion: A Valuable Tax Deduction for Royalty Owners

Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Background:
 The Internal Revenue Code allows a deduction known as “depletion” for oil & gas income. The depletion deduction could save a taxpayer thousands of dollars in income taxes. Since a mineral interest runs out…

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