Oil and Gas Main (fka OGM)

[lowman]

Did you know?...

Many investors are unaware that they can sell real estate properties and roll all the money forward into oil or gas producing wells without paying any tax on the profits from the sale of their real estate property. The IRS considers real estate and producing oil and/or gas properties as “Like Kind”. You can purchase either working interest or royalty interest in oil and gas wells with money that you otherwise would have paid in taxes. The 1031 Tax Free Exchange is one of the most valuable techniques for preserving profits by deferring taxes, thereby increasing the value of your investments. If you have recently sold, or are about to sell a real estate property, contact your tax advisor to learn more about how oil and gas projects can reduce your taxes and increase the value of your portfolio.