Tiffany Kennedy of A Strong CPA joins Tait Duryea to clarify how the Waypoint Energy Fund’s tax benefits may apply to high-income investors. They discuss IRC 263-C, IDC deductions, K-1 reporting, GP versus LP treatment, AMT, depletion, state filing considerations, self-employment tax, and potential recapture at exit. 

This webinar gives investors a practical look at how oil and gas working interests can create powerful tax advantages while still requiring careful planning with a qualified CPA.

Tiffany Kennedy is a Managing Director at A Strong CPA with more than 30 years of public accounting experience and deep exposure to oil and gas taxation. Based in Houston, she helps individuals, partnerships, and businesses navigate complex tax planning, K-1 reporting, bookkeeping, and accounting strategy. 

They discuss:

(0:00) IRC 263-C and IDC deductions
(3:25) Meet Tiffany Kennedy
(5:58) Where CPAs should look
(7:28) Depletion benefits on distributions
(9:01) Last year’s K-1 example
(13:23) W-2 and retirement income
(19:37) AMT and IDC deductions
(26:46) Multi-state tax filing
(29:31) GP to LP tax treatment
(39:38) Recapture and exit strategy

Links & Resources:

• Turbine Capital Events Calendar: https://www.turbinecap.com/calendar
• Waypoint Energy Deal Room: https://www.turbinecap.com/waypointenergy
• Investor questions, KYC, subscription documents, or accreditation support: [email protected]

Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026

If you have any questions, please feel free to email [email protected].

Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital

The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.