Bottom-hole contribution: ramifications of Revenue Ruling 80-153
Journal Article
·
· Oil Gas Tax Q.; (United States)
OSTI ID:5851859
Revenue Ruling 80-53 departs from the previous treatment accorded the bottom-hole contribution (BHC), which had been one way for mineral owners to gauge the potential drilling horizons of mineral interests they owned. This analysis of Ruling 80-53 sets forth its direct and indirect implications for the taxpayers, and offers some tax-planning suggestions. It may not be as harsh as was first thought, but taxpayers should develop the necessary tax facts before using BHC in order to avoid its harsh results. 20 references.
- OSTI ID:
- 5851859
- Journal Information:
- Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 30:2; ISSN OGTQD
- Country of Publication:
- United States
- Language:
- English
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