Columbus, OH
Doubletree Hotel, Columbus/Worthington
Oil and Gas Tax
   October 20-21, 2008

Oil and Gas Partnerships
   October 22, 2008

Time:
8:00 a.m. - 5:00 p.m.
each day

Fees: Tax
$795 per person.
Early online registration 14 days prior to program start date:
$725 per person.
 

Fees: Partnerships
$425 per person.
Early online registration 14 days prior to program start date:
$395 per person.
 

Combo: $995

 
Download Current Brochure

Oil and Gas Tax +
Oil and Gas Partnerships
Combo Course

Tax -  16 CPEs
Partnerships -  8 CPEs

Here is a special opportunity in Pittsburgh, PA and Columbus, OH - take our popular two-day Oil and Gas Taxation followed by a one-day Oil and Gas Partnerships.  Save time and money by taking the two-course combo, or register for the specific course you need now.  All taught by Dr. Pat Hennessee.

Tax

Small to mid-size independent petroleum producers or mega oil and gas corporations- they all need to understand the bottom line tax implications of exploration and drilling projects.  This intense, two-day course is ideal for fiscal analysts, accountants, finance directors, attorneys, tax professionals and even investors.  Participants learn practical solutions to complicated oil and gas tax issues and strategies for dealing more effectively with the various operating entities. 

 The curriculum includes study of tax-related topics, including:

	Property Acquisitions
	Search for Oil and Gas - Geological and Geophysical Costs
	Development of Oil and Gas Properties
	Depletion of Oil and Gas Properties
	Conveyances, Deal Structuring and Financing Issues

CLICK HERE for a detailed list of topics covered

Partnerships

Unlike the standard partnership tax class, this one day seminar focuses upon the specific issues encountered by oil and gas partnerships. The Federal income tax treatment of an oil and gas partnership is unique in the sense that the tax rules of subchapter K of the IRC are applied in a different manner to oil and gas exploration and production than any other type of business. This uniqueness stems from the fact that Sec. 613A requires that the basis of oil and gas property is held outside of the partnership by each partner and the partner computes depletion, gain and loss independent of the partnership.  No other extractive industry.  To unravel this byzantine maze, this seminar addresses the common and often intricate transactions faced by oil and gas tax partnerships using a building block approach.  Topics include:

	An Introduction to Oil and Gas Partnership
	Operating Issues of an Oil and Gas Partnership
	Sec. 704(b) Special Allocations
	Allocations Required from Contributed Oil and Gas Property - Sec. 704(c)
	Sale or Exchange of an Oil and Gas Partnership Interest
	Operating Distributions of Oil and Gas Partnerships

CLICK HERE for a detailed list of topics covered

Instructor
Dr. Pat Hennessee, newly appointed editor of CCH's Oil and Gas: Federal Income Taxation, is a recognized expert on oil and gas taxation.  Much of his research at the University of Tulsa Collins College of Business has been in the area of oil and gas taxation.   He has taught numerous seminars on the topic for independent and major energy producers.  Twice recognized as the Outstanding Accounting Educator in Oklahoma, he has published articles in a variety of academic journals and professional publications.