Proceedings |
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Results 1-3 of 86
Page 167
... tion of a net profits interest as an economic interest is determinative of no rights or obligations between the working interest owner and the net profits holder . It seems that many of these cases would have been avoided if the tax ...
... tion of a net profits interest as an economic interest is determinative of no rights or obligations between the working interest owner and the net profits holder . It seems that many of these cases would have been avoided if the tax ...
Page 288
... tion deduction to be allocated to the trust . The decision of the Tax Court was recently affirmed by the Tenth Circuit . " 1 Where the instrument is silent as to how the depletion on oil and gas income is to be allocated as between life ...
... tion deduction to be allocated to the trust . The decision of the Tax Court was recently affirmed by the Tenth Circuit . " 1 Where the instrument is silent as to how the depletion on oil and gas income is to be allocated as between life ...
Page 398
... tion in the area of partnerships and tax treatment of partners . It is difficult to see how the compensation fea ... tion from contributing services to the partnership . Sec- tion 721 reads as follows : " No gain or loss shall be ...
... tion in the area of partnerships and tax treatment of partners . It is difficult to see how the compensation fea ... tion from contributing services to the partnership . Sec- tion 721 reads as follows : " No gain or loss shall be ...
Contents
The Thirtieth Year of the Natural Gas Act and Its | 1 |
Title Examination and Division Orders | 29 |
Royalty Problems Incident to the Processing of Natural | 89 |
Copyright | |
13 other sections not shown
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Common terms and phrases
5th Cir agreement allocated amount applied assignment Bankline basis carried interest Comm'r Commission consolidated return contract Corp corporation decision deduction depreciation division order drilling economic interest effect error ref'd excess loss account exemption fact filed Hugoton industry interest owner investment involved land Legal Fdn lessee lessor Magnolia Petroleum Co market value ment mineral Natural Gas net profits interest Oil & Gas oil and gas operator opinion ordinary income overriding royalty ownership partnership party percent Petroleum Phillips Petroleum Co pipeline problem production payment profits interest holder provisions purchase question received recovery Regulations remainderman reserves result Revenue Ruling royalty interest rules Section securities service partner Simplot slant drilling Southwest Exploration Stanolind Subject Properties supra Supreme Court Tax Court taxable taxpayer Texas Texas Co tion tract transaction transfer trust instrument United wellhead