AICPA/PDI Oil and Gas Conference 2018

OIL1803 - Impact of the Tax Reform Act on the Industry

Nov 12, 2018 10:45am ‐ Nov 12, 2018 11:35am


Description

Join this session to learn how several important provisions of the Tax Cuts and Jobs Act applies to natural resource related activities.

Attendees will gain and understanding of:

• Section 163(j) ATI adjustments, including interest/depreciation/depletion included in COGS, and various partnership cost elections for mine exploration, oil and gas depletion, and section 59(e) items.

• FDII – computations for exported minerals including oil and gas and products therefrom

• Sequestration on AMT refunds - OMB

• Section 199A qualified income

• MLP’s conversion to corporation by FERC regulated entities

• Tariffs and other international issues

• State income taxes become more prominent

• Hedging issues

Speaker(s):

  • Louis Teuscher, Vice President and Chief Tax Officer, The Williams Companies, Inc. and Williams Partners L.P.
  • Jeff Dodson, CPA, Partner, KPMG LLP

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