Oil and Gas Taxation Library

The oil and gas industry is complex, especially when it comes to federal taxation. That’s why it’s critical that you have the Oil and Gas Taxation Library by your side to guide you through the complicated maze of oil and gas tax issues. It provides you with practical examples, planning tips and expert commentary culled from a wide variety of powerful resources.

The best in expert guidance for oil and gas taxation. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect: Regular updates. Includes access to CCH@Hand™.
• Print: Quarterly updates.

The Oil and Gas Taxation Library provides a thorough analysis of oil and gas tax issues, expert commentary, helpful planning insights and practical examples illustrating the concepts discussed.

Oil and Gas Taxation Library consists of five valuable resources:

• Oil and Gas Tax Reporter — Edited by industry experts, with illustrative examples, natural resources tax planning considerations and citations to controlling authorities; updated quarterly.
• Oil and Gas Tax Reporter Tax Trends Newsletter (monthly) — Tracks energy legislation, IRS rulings, federal cases, and other developments.
• Multistate Oil and Gas Severance Tax Interactive Chart — Helps you quickly find the applicable oil or gas severance tax rates for any state jurisdiction, with citations to the natural resources tax laws on the state level.
• Internal Revenue Manual — Oil and Gas Tax Handbook
• ISPs/MSSPs — Includes the IRS Audit Technique Guide for the Oil and Gas Industry.

Oil and Gas Taxation Library also includes sections organized to trace the industry pattern for developing oil and gas reserves, such as:

• Acquisition of natural resources tax interests
• The exploration period
• The production period
• Dispositions
• Other areas

Main topics areas provide detailed information.

The Oil and Gas Taxation Library provides answers on topics of vital interest to accounting, tax and legal practitioners concerned with financial issues related to the natural resources tax law within the industry, including:

• Allowance or disallowance of depletion
• Alternative minimum tax
• Associations taxable as corporations
• Cost depletion
• Current developments – summaries
• Depletion deduction – general
• Depreciation application of accounting methods
• Disposition of interests -- lease (or sublease) and sale
• Economic interest
• Geophysical expenses
• Gross income from the property
• Intangible drilling and development costs
• International provisions
• Lease and purchase arrangements
• Limitations on percentage depletion
• Losses and abandonments
• Minimum royalties
• Net profits arrangements
• Nontaxable exchanges
• Partnerships
• Production payments
• Property for depletion purposes
• Royalty and overriding royalty
• Selected corporate issues
• Sharing arrangements and carried interests
• Special provisions affecting the determination of tax
• State tax summaries
• Tax credits
• Taxable income from the property for depletion purposes
• Unitizations
• Working interest (or operating mineral interest)

Smart Charts™ are the newest addition to the Library.

The Oil and Gas Taxation Library now includes Smart Charts that improve your research and include:

• Property taxes
  • Oil properties
  • Gas properties
  • Oil and gas machinery/equipment
  • Assessment/valuation basis for oil & gas property
• State business income tax
  • Depletion deduction
  • Credits
• State sales tax
  • Machinery/equipment used in oil & gas exploration, drilling or production
• Severance taxes
• Other taxes and fees

The best in expert guidance for oil and gas taxation. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect: Regular updates. Includes access to CCH@Hand™.
• Print: Quarterly updates.

CCH Support is the best in the business — we’re always here when you need us. To keep your office up and running, we offer helpful tools, as well as a variety of ways to interact with CCH Support.

CCH Knowledge Base — In this online database of CCH software information, you’ll find step-by-step instructions, information on critical known issues and product documentation.

• Web ticket — Learn how to open a Web ticket online to submit your question directly to customer support.
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• Real-time chat — If you need a quick answer but don’t want to pick up the phone, live chatting via your Web browser is the way to go.
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