Accountant referral (oil & gas limited partnerships)

[Kevin Slater]

I'm looking for an accountant with subject matter expertise in oil and gas limited partnerships. Any recommendation would be appreciated. Thanks.

 

Kevin Slater

[+ not2rowdy]

I'm not an accountant and probably can't help but -

 

You need to localize the area. Are you talking about mineral royalties in the Pennsylvania area, Texas, North Dakota, Wyoming, Colorado?

 

VERY complex subject. And you need a guy who is familiar with BOTH the federal and state laws for your interest.

 

You're welcome to PM me. I can probably give you some search ideas.

[Kevin Slater]

Thanks for your reply. At this stage I'm mostly eager to talk with a tax professional about the favorable tax code (i.e. legal tax loopholes) that may be advantageous to folk with high self-employment income. I'm not to the point of thinking about the specific investment vehicle yet. I'm in NYC if that matters.

 

Kevin Slater

[+ not2rowdy]

Sent you an email.

[leigh.bess.toad]

Well I guess this answers the thread earlier about how escorts deal with the mundane aspects of life. Sort of like everyone else.

 

Good luck Kevin.

[Guest Merlin]

BEWARE! Those limited partnerships offer good returns BUT when you sell them you often have to recapture all or part of the untaxed income in the year of sale, and at a higher rate. If you can buy them in an IRA or 40lK account it works well.

[Decatur Guy]

I have invested in them before, but under the umbrella of a Roth IRA, so I had no tax issues to worry about.

[down_to_business]

Based on your question, I would consider speaking with a CFP who also holds credentials as a CPA. Sorry, I don't have one to recommend in NY.

 

You can also open a SEP IRA which as others have mentioned is a good vehicle to hold MLP's etc in.

[Sparky12]

http://greencompany.com/

 

They're the best in the biz on trading/investing issues but it may not be quite what you're looking for. I'll bet that at the very least they can make a referral.