Corporate Tax Series

Oil and Gas Impacts of the Tax Cuts and Jobs Act and Qualified Business Income for Pass-throughs - Oil and Gas Application

This course provides an overview of oil and gas impacts of the Tax Cuts and Jobs Act along with qualified business income for pass-throughs. This includes a discussion of the deduction for pass-through income and how it applies to the oil and gas industry along with items that qualify for increased expensing under bonus depreciation. This course also addresses interest limitation rules, impacts of the changes to the alternative minimum tax to oil and gas, and international provisions that apply to the oil and gas industry.

Learning Objectives:

  • Recognize the basics of the deduction for pass-through income and how it applies to the oil and gas industry.
  • Recognize requirements related to the business interest expense deduction.
  • Identify key requirements related to the QBI deduction.


Prerequisites/Advanced Preparation:

None.


Speaker / Author:

Dr. Inibehe (Ini) Adesanya is the President of AA CPA, PLLC and also owns Global Tax Lady LLC. Dr. Adesanya has worked in various countries with conglomerates and multinationals, including banks and the entertainment industry. She also worked in public accounting before starting her practice.

With 20 years of combined experience in accounting, business, and taxation, Dr. Adesanya's expertise covers complex domestic and international tax issues for both individuals and businesses. She places great importance on compliance as she works with clients to minimize their tax liability. She also works with international clients, including expatriates, to navigate tax treaty issues and other related tax issues to minimize their tax liability. Ini works with clients as a subject matter expert (SME) on tax cases and tax issues where she justifies her clients' tax position based on tax law, treasury regulations, revenue procedures, and other related regulatory publications.

Dr. Adesanya has developed and taught courses on business taxation, for which she has received awards. She has also written and presented papers at various forums, organizations, and radio stations focusing on business, accounting, and US and international tax issues.

Ini is a Chartered Accountant (ACA), a Chartered Tax Practitioner (ACIT), and a Certified Public Accountant (CPA) licensed in the states of Colorado and Texas. She is also a Certified Global Management Accountant (CGMA). She holds a B.S. in Human Anatomy and a Professional Degree in Accounting from Nigeria, as well as a Master of Science in Taxation from Golden Gate University San Francisco CA. She received her Ph.D. in Business Administration with a concentration in accounting and finance at Trident at American Intercontinental University, Chandler AZ; her dissertation focus was in taxation.

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Price (USD)

Standard: $24.95

Details

Course Code : 99ADE08

Release Date : 08/04/2021
Expire Date : 08/31/2022
Credits :
CPE 1.00
QAS 1.00

Course Level : Basic
Length : 50min
Course Type : QAS Self-Study

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes
Theme : Corporate Tax Series

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