Houston, TX
Oil and Gas Tax
Dec. 2-3, 2009
Oil and Gas Partnerships
Dec. 4, 2009
Time:
8:00 a.m. - 5:00 p.m.
each day
Location:
Hilton Garden Inn Houston Westbelt
6855 W. Sam Houston Pkwy. S.
Houston, TX 77072
Tulsa
Oil and Gas Tax
Feb. 3-4, 2010
Oil and Gas Partnerships
Feb. 5, 2010
Time:
8:00 a.m. - 5:00 p.m.
each day
Fees: Tax
$875
per person.
Early online registration 14 days prior to
program start date:
$825 per person.
Fees: Partnerships
$475
per person.
Early online registration 14 days prior to
program start date:
$425 per person.
Combo: $1,095
Oil and Gas Tax +
Oil and Gas Partnerships
Combo Course
Co-sponsored by the TU College of Law
Tax -
16 CPE's
Partnerships - 8 CPE's
|
|
The University of Tulsa Center for Executive & Professional Development is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org |
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
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.