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#465 The SECRET Way To GET RICH With OIL (and exit)

Published 2 years, 5 months ago
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In this bonus episode of the Main Street Business podcast, host Mark J Kohler, a CPA attorney, delves deep into the intriguing world of oil and gas investment and the incredible tax advantages it offers. Here are some of the significant points discussed:


  • An extensive walkthrough of investing in oil and gas, comparing it to real estate investment, and detailing how fortunes have been made from drilling for oil.
  • A comprehensive breakdown of the Intangible drilling cost tax deduction and how it can significantly reduce your taxable income.
  • An in-depth explanation of the four key pieces to an oil and gas investment: cash flow, tax-free portion of the cash flow, the write-off of all the equipment, and the sale of shares at the end of the day.
  • A real-world example of an investor's journey in oil and gas investment, highlighting the potential returns, cash flow, and tax savings.
  • Insightful interview with Michael Macelli, CEO of Rei Energy, who shares his vast experience in the oil and gas industry and provides a practical perspective on oil and gas investments.
  • The importance of due diligence and understanding the risks involved in oil and gas investments.

TAX AND LEGAL 360
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