How To Use Oil & Gas To Offset W-2 And Business Income Before December 31

Today we’re talking about oil and gas—why people invest in it and what your options are. I’m joined by my advisor Stefan Whitwell, a CFA who guides investors into oil and gas, to break down what actually matters. Learn more about Stefan 👇 https://whitwelladvisors.com/team/stefan-whitwell/ Direct/Text: 512-766-7775 Schedule a call | meeting: https://calendly.com/whitwell-advisors One of the biggest reasons people look at oil and gas is because there aren’t many investments that can help offset W-2 income, and a working interest can potentially create a sizable same-year deduction. We also cover the key difference between royalty/mineral interests versus working interests, and why the tax benefits generally show up on the working-interest side. Finally, Stefan explains intangible drilling costs in simple terms—expenses without resale value—and why that’s a big part of why the IRS allows larger deductions in this area. Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here 👉 https://aba.link/twr Chapters: 0:00 Intro 1:48 What “working interest” means (drilling/production share) 3:14 IDCs explained simply (expenses with no resale value) 5:30 Who this fits: high earners getting crushed in tax 7:43 How the upfront deduction + later cash flow works together 10:16 Pairing strategy: using losses to offset a Roth conversion 12:34 Year-end timing: short window to get set up 14:39 Process overview: paperwork, wiring, and getting it done 17:18 Expected return range + risk expectations 19:12 De-risking: proven areas vs speculative plays 20:14 Recap 22:03 Outro --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe ~~~~ FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/c3d TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/zx8 ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.