Tax Benefits of Oil & Gas Investing： Write Off 85_ of Your Investment

How To Get Massive Tax Deductions And Benefits From Oil & Gas Investments. Oil & Gas investing is one of the most powerful ways to reduce your taxes in America. Literally, anywhere from 65 to 85% of your investment into a qualified company can be deducted as a loss on your tax return in the first year of your investment. But in addition to that, what makes oil & gas investing even more attractive is that you can use those losses to offset your W-2 income, Business Income, or other forms of income you earn. Almost no other investment allows you to do this because most investment income is treated as “passive”. However, qualified oil & gas investments are not considered to be passive, and can therefore be used to offset your earned income on your tax return. Plus, it is an investment, which means that you also have the ability to preserve your capital and increase your wealth with such an investment. So as a licensed CPA that tax plans every day at mycpacoach.com around strategies just like this, I