What Tax Advantages are available to me?
Each investor is treated as a business partner for tax purposes, generating substantial tax benefits flowing directly to investors. Investors can receive up to 80% of capital contribution in year one and the balance over subsequent years. A 100% deduction is possible depending on your situation. At year end A.O.G. will provide documentation outlining tangible and intangible expenses as well as the appropriate 1099 forms. There are several options depending on your personal tax situation. The A.O.G. does not offer individual tax advice we suggest you consult with your accountant or Google “oil and gas tax advantages”.
How and when do I get paid?
Investors receive their checks monthly. Generally it takes 60-90 days after the oil or gas is delivered to market for us to receive payment. We issue checks monthly for all funds received in the prior month.
How are my returns calculated from what is produced?
An itemized statement will be included with your monthly check.
How do I know how much each well is producing?
We have a special client only access porthole on our website. We will provide you with a password to access to our daily/weekly drilling and production reports.
How long are the units good for?
Units are good for the life of the well as long as it continues to produce.
Can the property be visited?
Yes, the well sites can be visited. We will arrange to have you met by a representative of the American Oil & Gas Coalition
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