为油气生产商定义UBIA

One of the most impactful changes resulting from 2017’s 税 Cuts and Jobs Act was the introduction of the deduction for qualified business income established under Internal Revenue Code section 199A. This deduction allows non-corporate 税payers to potentially exclude from 税able income up to 20% of amounts deemed to be “qualified business income.” The deduction can be limited to the greater of 50% of W-2 wages paid by the business or the sum of 25% of W-2 wages paid by the business plus 2.5% of the business’s unadjusted basis immediately after acquisition of all qualified property (UBIA).

There’s been extensive discussion surrounding the calculation of what is included as “qualified business income,及其局限性. One important distinction that must be made is what is considered “qualified property” under IRC section 199A when calculating UBIA. Qualified property is generally any tangible property that is used in the trade or business and for which a depreciation deduction can be claimed. 进一步, the IRS specifies that the property must be held and available for use at the end of the 税able year, used at any point during the year in the production of qualified income, 并且必须符合新的UBIA折旧期限.

对于石油和天然气生产商来说, these qualifications may limit what assets 被认为是合格的财产. 有形资产, 比如油井设备, 钻井平台和车辆, 被认为是合格的财产. 然而, 租赁费用, capitalized geological and geophysical expenditures and generally intangible drilling costs will not be considered qualified property, and could limit the 199A deduction a 税payer is permitted to claim.

The deduction for qualified business income has presented a significant 税 savings opportunity for non-corporate 税payers. 然而, the application has many complex limitations, such as UBIA. To learn more about 199A deductions and the limitations that may apply to your business, 联系施耐德唐斯税务顾问.