Gas and Oil Tax Benefits

There are many reasons people invest in oil and gas, and profits are generally at the top of the list. When you invest with an independent oil company that has a history of successful drilling, the chances of profits are pretty high. But what a lot of people don’t think about when they think about investments in gas and oil are the oil and gas tax benefits that come along with those profits.

Depending on your income bracket, your other investments and all kinds of other factors, the oil and gas tax benefits may be one of the main reasons you need to consider working with Fossil Oil Company. Many times people have financial advisors or tax accountants who watch the money coming in and the money going out and they can tell you whether your investments are doing you any good when it comes to tax benefits. But sometimes people don’t think about investing in oil and gas as a way to get the most benefit on their end of the year taxes.

We’d like to invite you to talk to the team at fossil oil and discuss the advantages of putting your money into an investment with an independent oil and gas company as opposed to investing in the big oil companies through stocks and bonds. Although we can give you examples of what accredited investors have reported to us about tax advantages, it is not our business to give you tax advice. But what we can tell you is that you really should talk to your financial planner or tax advisor about the oil and gas tax benefits that might be important to your bottom line when it comes to tax season. So why not start out be talking to the team at Fossil Oil at 832-919-6459 and then check out the info with your financial advisors. We’d like to think we can help you expand your income when you work with our team of oil and gas experts.

If you’re wondering whether investing in oil and gas is a good idea, consider the long term tax advantages you’ll have. Investing directly with the team at Fossil Oil Company can give you more tax advantages than most people realize, and that makes it a wise move to talk with the Fossil Oil team. They will tell you about the more obvious tax advantages, as well as the advantages of intangible drilling costs.

One distinct advantage of working with Fossil Oil Company is that you’ll be investing directly with the oil company that’s exploring and drilling the oil and natural gas. That means you’ll save on any broker fees, finders fees or stock broker fees that you’d normally pay if you had someone else find your investment for you. Checking with your accountant or financial advisor and learning about the specific advantages you’ll have is always a good idea. However, we can tell you that if you make use of all the tax advantages available by direct investing, you’ll probably have more tax advantages than with just about any other long term investment.

If you’ve never invested in oil and gas directly with the exploration and oil drilling company, you need to know that there are two different types of drilling costs – tangible and intangible. Tangible drilling costs cover pieces of drilling equipment like pump jacks, wellheads and more. One of the nice things about tangible drilling costs is that they can cover more than one drilling project.

Intangible drilling costs will typically cover between 65 to 85 percent of the drilling costs of a project. This type of expense will cover things like transportation of drilling materials to the drilling site, labor to run the drilling operation, fuel, grease and more.

If you’d like to know more about intangible drilling costs and how you can benefit from them, call Fossil Oil Company at(713) 978-7986. We’ll be happy to share our knowledge with you so you can profit from investing in oil and gas.

If you’re not familiar with the many ways to invest in gas and oil, you’re probably not familiar with the tax benefits of oil and gas investing. Even though the potential for profits are huge and can last for many years, gas and oil may be something that you’ve never even thought of as an investment that fits your investment style. To help you understand some of the potential for profits and the many tax benefits you’re missing out on now, you’ll want to talk to the experts at Fossil Oil Company and learn about the possibilities.

If you’ve always thought of investing in oil and gas as a volatile investment, that’s an accurate assessment. But then so are many other investments you can make through brokers or directly through the stock market. The difference you’ll find with Fossil Oil Company is that you can deal directly with our team, the people who actually do the research, choose the wells and do the drilling. We have a solid investment of time and money, as well as our reputation and a team with more than 130 years of experience, and we’re not about to take chances by investing in anything short of a well that will be a home run for everyone involved. And our excellent reputation is just another benefit in addition to the tax benefits of oil and gas investing.

When you talk to your tax professional about the tax benefits of oil and gas investing, you’ll learn that there are more benefits than you might imagine. You may not realize that tangible drilling costs are 100% tax deductible. Intangible drilling costs, for things like chemicals, labor or even mud and grease, are also 100% deductible during the first year. Talking with your tax advisor, you’ll learn about other tax advantages of investing in gas and oil that you didn’t realize you could take. Give Fossil Oil Company a call at 877-822-5802 and we’ll help you understand why investing with us is a smart move.

If you’re new to investing in gas and oil, you may find it a little intimidating. There is such a huge potential for different investment options that it can be a little overwhelming, to say the least. And if you’re wondering about the gas and oil tax benefits, you need to be sure all your questions are answered before you make a move or spend a penny.

The possibility for volatility is always there with any investment, and that’s true in this field as well. The difference with the oil and gas industry is that you will find, low, medium and high risk opportunities, so you never need to move past your comfort zone when looking at making a move. Of course, the gas and oil tax benefits will be different with each stage of risk, so it’s always good to consult with your tax professional to make sure you have a complete understanding of what the benefits are at each stage of the process.

The amount you put into any investment is going to be based on what you have and what you need to keep liquid. And because there are some investments that can be converted easily and quickly to cash and others cannot, you need to be sure you don’t over extend yourself no matter what type of investment you choose to make.

Growing a portfolio with gas and oil tax benefits is something you should talk over with your investment counselor. Determining what you want from your portfolio will most likely have a direct effect on the type of gas and oil investments you choose to add to your current portfolio. And if you or your tax advisor have any questions on how working with Fossil Oil Company can benefit you, please feel free to call and talk with us any time. We are happy to answer any questions and help you understand how working with our team can benefit you. Please call 877-822-5802 and let us help you feel comfortable working with us.

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