Maritime & Energy Tax Services
• Tonnage tax elections and maritime-specific tax structures
• Jones Act and international shipping tax considerations
• Intangible drilling cost (IDC) deductions and depletion planning
• Percentage depletion and cost depletion optimization
• Oil & gas partnership and joint venture tax compliance
• Section 199A qualified business income deductions for energy operators
• State severance tax and production tax compliance
• International tax advisory for foreign shipping and energy operations
Tax Advisory for Maritime — In Depth
Maritime tax is a specialized discipline. We advise on:
• Tonnage tax elections and qualification requirements
• Jones Act compliance and domestic maritime tax considerations
• International shipping tax structures and treaty positions
• Foreign flag vessel tax and MARPOL compliance costs
• Crew payroll tax, SECA, and benefit plan considerations
• Depreciation and Section 179 for vessels and marine equipment
Oil & Gas Tax Planning — In Depth
Specialized energy tax advisory including:
• Intangible drilling cost (IDC) deductions — expensing vs. amortization strategy
• Percentage depletion and cost depletion optimization
• Section 199A qualified business income for pass-through energy companies
• Joint venture and partnership tax structure and compliance
• State severance tax and production tax compliance
• International tax for foreign energy operations and cross-border structures
• Oil and gas property acquisition, disposition, and like-kind exchange planning
Joint Interest Audits — We perform working interest owner and operator audits — verifying joint interest billings, production allocations, and overhead charges on behalf of non-operating interest owners.
Schedule Your Free Tax Consultation
📞 (972) 360-6822 ✉ info@randcglobal.us 📍 11011 Richmond Ave STE 722, Houston TX 77042