(Updated for the Tax Cuts and Jobs Act) 8-Hour Program
WHY ATTEND THIS COURSE?
The current federal tax laws are favorable for oil and gas producers. The current law recognizes the high risk, capital-intensive nature of the industry with provisions such as two year amortization for certain exploration costs, expensing intangible drilling costs, percentage depletion, abandonment losses, and favorable capital gains rates. This course is designed to explore and examine these favorable tax provisions to determine when they apply and how to maximize the tax benefits they provide. Participants will also be updated on the latest federal tax law changes, cases, rulings and procedures that affect oil and gas producers.
Practicing CPAs and EAs who serve oil and gas producers; and CFOs, controllers, and accountants of independent of oil and gas producers.
Participants will be able to:
COURSE ACRONYM: OGAI
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Intermediate
ADVANCE PREPARATION: None
FIELD OF STUDY: Taxes
RECOMMENDED CPE CREDIT: 8 hours
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.