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May 2010 Archives

Democrats Set Sights on Repealing Oil and Gas Tax Breaks

The Texas oil industry is weathering tough times. The BP oil rig explosion in the Gulf of Mexico is causing a massive environmental disaster and giving the entire industry a black eye. It will almost certainly stop any expansion in offshore drilling. Meanwhile, Congressional Democrats want to repeal oil and gas tax breaks.

Democrats Set Sights on Repealing Oil and Gas Tax Breaks

The Texas oil industry is weathering tough times. The BP oil rig explosion in the Gulf of Mexico is causing a massive environmental disaster and giving the entire industry a black eye. It will almost certainly stop any expansion in offshore drilling. Meanwhile, Congressional Democrats want to repeal oil and gas tax breaks.

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The legal and political climate has become increasingly unfavorable to individuals and businesses with federal tax controversies. The IRS is increasing the level of resources devoted to investigations and audits, and it is a near-certainty that increasing numbers of businesses and individuals will find themselves facing tax disputes.

Welcome to our Blog

The legal and political climate has become increasingly unfavorable to individuals and businesses with federal tax controversies. The IRS is increasing the level of resources devoted to investigations and audits, and it is a near-certainty that increasing numbers of businesses and individuals will find themselves facing tax disputes.

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