Investing in oil and gas is always a smart way to create passive income. Timothy shares his thoughts on the amazing tax advantages of putting money in oil and gas and goes on to discuss the specifics of the depletion allowance and the intangible drilling costs which are a benefit unique to the oil and gas industry. Encouraging you to invest your money in the right avenues, he talks about another striking tax-related benefit of oil and gas investments relating to active and passive income and the difference in how those incomes are taxed. Join the conversation and learn how you can take advantage of the tax benefits of investing in oil and gas wells.

 

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