Oilfield Tax Deductions

EAGLE FORD OILFIELD SERVICES, LLC.
• Will claim adjustments to income; tax credits; or itemized deductions, on his or her tax return. The exceptions do not apply to supplemental wages greater than $1,000,000. All Eagle Ford Oilfield Services employees are to work safely and have agreed to do so by signing their applications ... Retrieve Here

EXEMPTIONS, DEDUCTIONS AND CREDITS Claimed Against Gross ...
REVENUE STABILIZATION AND TAX POLICY COMMITTEE EXEMPTIONS, DEDUCTIONS AND CREDITS Claimed against Gross Receipts and other Amounts July 2012 RSTP Staff ... Fetch Here

Oil Services In Williston, UT - (801) 764-9000 - Windriver ...
Oil Services in Williston, UT - (801) 764-9000 - Windriver Trucking LLC http://www.windrivernd.com Wind River Oil Services provides fresh water trucking, flo ... View Video

TaxTopics - Louisiana
TaxTopics Department of Revenue and Taxation Louisiana tion has amended the Oilfield Site Restora- of exemptions; no itemized deductions for federal income tax purposes; not more than five W-2s, including spouse if filing jointly; ... Retrieve Document

Title 35 Mississippi State Tax Commission Part III Income And ...
Title 35 Mississippi State Tax Commission Part III Income and Franchise Tax An example of this is an offshore oilfield worker whose work schedule is seven (7) days on and seven (7) then no deductions or exemptions will be allowed to such taxpayer by the ... Access Full Source

Oil And Gas Taxation In The United States Deloitte Taxation ...
Tax professionals of the member firms of Deloitte Touche Tohmatsu Limited have created the Deloitte The Guides are intended to be a supplement to the Deloitte Taxation and Investment Guides, which can be found at www.deloitte.com/taxguides 2.5 Deductions and allowances 2 ... View Document

Depreciation On Buildings - EY - Ernst & Young
Depreciation on buildings The change to the tax depreciation rates in the May 2010 Budget for long-lived buildings has a major impact on future depreciation deductions ... Access Content

LOCATION OF TAX HOME DETERMINES TRAVEL EXPENSE DEDUCTIBILITY
LOCATION OF TAX HOME DETERMINES TRAVEL EXPENSE DEDUCTIBILITY deductible, but in some situations, the tax home is wherever the job is—putting deductions out of reach. Author: LISA M. BLUM, Attorney and CPA, and RICHARD E. COPPAGE, CPA ... Fetch Document

Depreciation And Depletion - CEMRWEB
Depreciation and Depletion are Non-Cash deductions from income for tax calculations with the simplifying assumption that losses can be taken when incurred against other income (perhaps from other activities of your company) ... Doc Retrieval

STRAIGHT H2O SESSION WITH BROYODA - YouTube
A vlog discussing starting your business, buying equipment and Tax deductions. ... View Video

State & Local Tax Alert - Grant Thornton
State & Local Tax Alert The COGS deduction is one of three deductions from total revenue that may be available for election by taxpayers. companies engaged in an oilfield service business could include a subsidiary’s costs in the ... Fetch Content

TAX DEDUCTIONS – CLOTHING . This has been discussed briefly here before on the topic of writing off . clothing on your taxes. The only time I ever wear a suit is to court. ... View This Document

Dow Chemical Company - Wikipedia
The Dow Chemical Company, commonly referred to as Dow, is an American multinational chemical corporation headquartered in Midland 2013 a federal court rejected two tax shelter transactions entered into by Dow that created approximately $1 billion in tax deductions between 1993–2003. ... Read Article

This Page Intentionally Left Blank. - Irs.gov
Oil Windfall Profit Tax Act of 1980, the Service expanded its resources to include the examination of this excise tax in conjunction with the income tax considerations of the oil and gas industry. Since the mid-1970's, there have been regulations, ... Access Document

Oil And Gas - EY
Malaysia on oil and gas growth momentum Source: Ernst & Young analysis Source: Government has introduced new tax and investment incentives under the Petroleum Income Tax Act. Enhanced oil recovery i.e. revenue less allowable deductions, including capital allowances ... Access Content

Compression And Gathering - Oklahoma
GUIDELINES FOR COMPRESSION AND GATHERING The attached procedure is the Commission’s guideline for determining the cost To facilitate reporting, it will be necessary that tax remitters claiming deductions to report on the OTC Form 300. ... Fetch Document

Taxation In Indiana - Wikipedia
Taxation in Indiana 2007 sources of Indiana's revenue. Taxes in Tax deductions can also be claimed on property taxes, the most significant being for businesses located in economic development zones and primary dweling residence deductions. ... Read Article

Working In The Oilfields How It Impacts Your Montana Income Tax
Working in the Oilfields – How it impacts your Montana Income Tax Montana/North Dakota Reciprocity income tax return and pay Montana income tax on other (IRC) Section 162(a)(2) includes deductions for mileage, meals, lodging and other travel expenses incurred while away from home ... Fetch Here

Allied Oilfield 2015 Benefits Guide
The option to pay for your portion of the plan premiums with pre-tax deductions or with post-tax deductions. Pre-Tax Election: Allied Oilfield also offers Voluntary Term Life Insurance coverage through OneAmerica. ... View Full Source

Sales Tax Statutes And Regulations
Sales Tax Statutes and Regulations This version contains legislative changes through the 2001 2nd Extraordinary Session of the Louisiana Legislature. ... Fetch Doc

OILFIELD SERVICES ISSUE FOCUS - Weatherford International
OILFIELD SERVICES ISSUE FOCUS 52 Oil & Gas Journal Russia Consolidation for tax deductions of geological exploration A general market structure remains unchanged, including 200 oilfield service companies which can be provisionally divided into three categories: affiliated with oil ... Retrieve Content

Itemized Deduction Worksheet TAX YEAR - Maceyko Tax Inc.
Itemized Deduction Worksheet Medical Expenses. Must exceed 7.5% of income to Did you keep receipts for sales tax paid last year? YES NO Did you purchase a car, plane, Miscellaneous Itemized Deductions. The following must exceed 2% of income to be a benefit. ... Fetch Document