depletion allowance calculation

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400 documents for depletion allowance calculation

- Commissioner v. Engle,, 464 U.S. 206 (1984)
... oil companies, the percentage depletion allowance authorized as a deduction from taxable i... and limitations make accurate calculation of percentage depletion allowances difficult . Pag...
- U.S. Supreme Court
- Fred L. and Mary A. Engle, Petitioners-Appellants, v. Commissioner of Internal Revenue, Respondent-Appellee., 677 F.2d 594 (7th Cir. 1982)
... they were not entitled to a percentage depletion allowance on two oil and gas leases for the year 1...Further, the section 613 basis of calculation by reference to gross income is explicitly incorpo...
- Federal Circuits
- 18 CFR 154.312 - Composition of Statements.
... procedures followed in capitalizing the allowance for funds used during construction and other const... Provisions for Depreciation, Depletion, and Amortization. Show the accumulated provisions... the allocation bases with underlying calculations used to allocate costs among affiliated companies,...
- Code of Federal Regulations - Title 18: Conservation of Power and Water Resources

- St. Joseph Lead Company, Plaintiff. Appellee, v. United States of America, Defendant-Appellant., 299 F.2d 348 (2nd Cir. 1962)
... income tax appellee included in its calculation of depletion allowance its income from the lead mi...
- Federal Circuits
- National Fuel Reports 2011 Earnings.
...Depletion, lease operating expenses ("LOE"), and general and... preliminary survey costs and a higher allowance for funds used during construction (AFUDC) associa...Used in Basic Calculation. 82,743,764. 81,981,133. 82,514,015. 81,380,434. U...
- Business Wire
- November 03, 2011
- Quebec Mining Duties Regime - Substantial Changes Proposed.
... certain shortcomings such as the calculation of the gross value of annual output and the recognnition of certain expenditures and allowances and to see the province fairly compensated for thee depletion of its non-renewable natural resources belonging t...
- Mondaq Business Briefing
- Nbr. 2010, January 2010
- William F. Hill and Lola E. Hill, Plaintiffs-Appellees, v. the United States, Defendant-Appellant., 945 F.2d 1529 (Fed. Cir. 1991)
... purpose of calculating the amount of depletion which is a tax preference item subject to an alter... his or her income both a reasonable allowance to cover depletion and a reasonable allowance to c...The dispute herein relates to the calculation of the amount of the item of tax preference under ...
- Federal Circuits
- Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property
This document contains temporary regulations that provide guidance on the application of sections 162(a) and 263(a) of the Internal Revenue Code to amounts paid to acquire, produce, or improve tangible property. The temporary regulations clarify and expand the standards in the current regulations under sections 162(a) and 263(a) and provide certain bright-line tests (for example, a de minimis rule for certain acquisitions) for applying these standards. The temporary regulations also provide guidance under section 168 regarding the accounting for, and dispositions of, property subject to section 168. The temporary regulations also amend the general asset account regulations. The temporary regulations will affect all taxpayers that acquire, produce, or improve tangible property. The text ...

... the exhaustion thereof for which an allowance has been made. Regulations issued under section 26... and ability to make these calculations in requesting method changes after the publication... tear, obsolescence, amortization, and depletion for periods since February 13, 1913. (a) * * *...
- Federal Register Nbr. 76 FR 81060, December 27, 2011
- Rules and Regulations
- Treasury Department
- Kansas v. Colorado, 543 U.S. ___ (2004)
... Special Master's prejudgment interest calculation is overruled. The calculation and Kansas' objectio... 1950, when Colorado's unlawful water depletion began, and 1968, when Colorado should first have k...(5), which says that there "shall be no allowance for accumulation of credits or debits for or again...
- U.S. Supreme Court
- United States v. Hill, 506 U.S. 546 (1993)
... ed.), "the excess of the deduction for depletion .. over the adjusted basis of" "property (as defin... Hill calculated their depletion allowances according to the "percentage depletion" method, an... as a general rule, be included in the calculation of basis for percentage depletion, since that woul...
- U.S. Supreme Court