Stanfield + O’Dell has a team of professionals that understands the accounting and tax complexities of the oil and gas industry. Our extensive experience includes working with both working interest and royalty interest owners. We have experience in preparing corporate, partnership, individual, and fiduciary federal and state income tax returns reporting oil and gas revenues and expenses.
If you are contemplating an investment in oil and gas for the first time, please seek the advice of a competent tax professional before investing. There are several important issues to consider, and the tax rules in this area are very complex.