The WealthAbility Show #146: Love it or hate it, our government continues to encourage oil and gas investments. Have you wondered what types of benefits are available for these investments? Why does our government continue to incentivize this sector? In this episode, Mike Mauceli joins Tom to discuss how the government navigates oil and gas investments, and how they can be part of a successful retirement strategy.

Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

00:00 – Intro
02:15 – When and why did the government decide to incentivize oil and gas?
08:45 – What’s the difference between exploration and development?
11:08 – What is fracking?
13:45 – Should we be concerned with the environmental impact of oil and gas?
17:37 – What type of incentives continue to boost oil and gas investments?
24:30 – What is a depletion deduction?

Looking for more on Mike Mauceli?
Website: www.reienergy.com

Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/
**********************************
PODCAST: WealthAbility® For CPAs
**********************************
Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/thenetwork/ YouTube Playlist    • WealthAbility® For CPAs Podcast   **********************************

Resources
**********************************
Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com
Visit WealthAbility® https://wealthability.com/
Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/
Schedule A Call With My Team https://wealthability.com/schedulecall/

Social Media
***********************************
Facebook (Tom Wheelwright)   / tom.wheelwright.cpa  

Facebook (WealthAbility®)   / 4wealthability  

Facebook(Tax-Free Wealth Book)   / taxfreewealthbook  

Twitter (WealthAbility®)   / wealthability   Instagram (WealthAbility®)   / wealthability_now  

DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.