Show navigation

Live Webinar

100-minute live streaming program
  • June 25
  • 1:00 - 2:40 pm EST

Oil and Gas Federal Income Tax Considerations

June 25

Gain in-depth knowledge, skill and application of oil and gas taxation.

The oil and gas industry has its own set of terminology, transactions, and rules, which affect the federal taxation of businesses and individuals operating and investing in oil and gas ventures. Learn what you need to know to assist businesses operating in the oil and gas industry to maintain business records and track transactions in a manner that will aid them in achieving tax compliance and being prepared for federal tax audits, examinations, and challenges to proposed assessments.

Learning Objectives

  • You will be able to define important terms affecting federal taxation of the oil and gas industry.
  • You will be able to describe bonus payments, delay rentals, royalties, and advance payments.
  • You will be able to discuss the tax treatment of intangible drilling costs.
  • You will be able to explain geological and geophysical costs.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction to Oil and Gas
  • Terminology and Transactions
  • Tax Types
  • Oil and Gas Interests
Special Deductions and Credits
  • Geological and Geophysical Costs
  • Intangible Drilling Costs
  • Depreciation, Depletion, and Amortization
Tax Controversies in the Oil and Gas Industry
  • Audits
  • Appeals
  • Tax Court and Federal District Court Challenges
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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 submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     

Who should attend?

This live webinar is designed for accountants, controllers, tax managers, tax preparers, presidents, vice presidents, bookkeepers, real estate professionals, landmen and CFOs.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Christina A. Mondrik, Esq., CPA

Christina A. Mondrik, Esq., CPA

Mondrik & Associates

  • Board certified in tax law by the Texas Board of Legal Specialization
  • Founder of Mondrik & Associates
  • State and federal tax controversies and litigation
  • Conducts regular seminars and workshops on state and federal tax
  • Past-chair, Federal Tax Policy Committee, Texas Society of CPAs
  • Chair, Texas State Bar Tax Section
  • Sales and Use Tax Subcommittee Chair, State and Local Tax Committee, ABA Section of Taxation
  • B.B.A. degree in accounting, University of Texas, Austin; J.D. degree, University of Texas School of Law
  • Can be contacted at [email protected] or 512-542-9300
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405618
Published 2019
Purchase Options

Register today before this event fills.