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Originally Posted by Sooner or later
The Vox article is basically a hit piece,
Lifo is used outside the oil industry. It is accepted by US practice. Dell, Wal Mart, and GE use the method.
Intangible drilling allows early deduction for site prep and other items. They pay less tax this year but will pay more down the road since the items are already deducted.
MLPs are not only for O&G. To qualify for a MLP a company must earn 90% of its income through activities or interest and dividend payments relating to natural resources, commodities or real estate. Most MLP tend to be energy related though O&G are not the only ones to take advantage. You can see others that use MLP here.
https://www.dividendinvestor.com/master-limited-partnerships-alphabetical/ |
So, what's your estimate?