Tax Aspects of Acquisitions and Dispositions of Oil and Gas Properties: Part II - Operating Business

摘要

Part I of this article (2009 Fall/Winter Edition) discussed certain federal income tax considerations relevant to the purchase or sale of individual oil and gas properties. This installment discusses some of the common tax issues that arise in the purchase and sale of an entire oil and gas business, including a purchase and sale of the assets of the business, or the purchase and sale of the equity of an entity that operates the business.