The Resource A primer on domestic oil and gas, part II : intangible drilling and development costs

A primer on domestic oil and gas, part II : intangible drilling and development costs

Label
A primer on domestic oil and gas, part II : intangible drilling and development costs
Title
A primer on domestic oil and gas, part II : intangible drilling and development costs
Creator
Subject
Language
eng
Summary
This article is the second in a four-part series examining the tax treatment of two kinds of costs pertaining to domestic oil and gas extraction: geological and geophysical (G & G) costs and intangible drilling and development costs (IDC). The owner of operating rights in an oil or gas property has the burden of developing the property, and in the course of developing the property by drilling oil or gas wells it incurs costs that are segregated between IDC and equipment costs. As noted, under certain circumstances the taxpayer has the option of expensing or capitalizing the IDC. This article considers the nature of this election as well as to consider in some detail the nature of IDC
Citation source
In: Taxes - the tax magazine. - Chicago. - Vol. 90 (2012),
http://library.link/vocab/creatorName
  • Griffith, C.R
  • Swiech, R.A
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • natural resources
  • exploration expenditure
  • drilling and development costs
  • intangibles
  • deductions
Label
A primer on domestic oil and gas, part II : intangible drilling and development costs
Instantiates
Publication
Label
A primer on domestic oil and gas, part II : intangible drilling and development costs
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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