Uncovering Tax Secrets in Oil & Gas Investments
Kenner and Joe Del Monte discuss strategies to lower taxes and achieve high rates of return through investing in oil and gas drilling. They highlight the simplicity of investing in oil and gas, the significant tax benefits, and the potential for good rates of return. Joe explains that investing in working interests in oil and gas wells allows for a massive deduction on the front end, reducing taxable income.
He also discusses the three pillars of tax benefits: intangible drilling costs, tangible drilling costs, and tax-free income. Joe emphasizes the importance of investing in proven acreage and the role of reservoir engineering in reducing risk. They conclude by providing contact information for those interested in learning more about investing in oil and gas.
Takeaways
• Investing in working interests in oil and gas wells can provide significant tax benefits, including a massive deduction on the front end and the ability to write off intangible and tangible drilling costs.
• The rates of return in oil and gas drilling can be good, but they are dependent on factors such as oil prices and the quality of the acreage being drilled.
• Investing in proven acreage and utilizing reservoir engineering can help reduce risk and increase the chances of a successful investment.
• The process of investing in oil and gas is relatively simple, with the ability to open an account online and receive regular updates and statements.
• For more information on investing in oil and gas, visit the Invito Energy Partners website or contact Joe Del Monte directly.
Sound Bites
• Tax savings and big rates of return.
• You get a massive deduction on the front end for owning these working interests in new wells.
• It's a clean way to go about reducing your taxable income.
If you have any questions in general you can reach our office at:
Phone: 415-854-6512
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Thank you for listening!
