Determining economic interest in natural resources.

Bibliographic Details
Main Author: Pasewark, William Robert
Other Authors: Crumbley, D. Larry (degree committee member.), Kilpatrick, Bob (degree committee member.), Smith, Laurel (degree committee member.), Wiggins, Casper (degree committee member.)
Format: Thesis Book
Language:English
Published: 1986.
Subjects:
Online Access:Link to ProQuest copy
Link to OAKTrust copy

MARC

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099 |a 1986  |a Dissertation  |a P281 
100 1 |a Pasewark, William Robert. 
245 1 0 |a Determining economic interest in natural resources. 
264 1 |c 1986. 
300 |a x, 158 leaves :  |b illustrations ;  |c 29 cm 
336 |a text  |b txt  |2 rdacontent 
337 |a unmediated  |b n  |2 rdamedia 
338 |a volume  |b nc  |2 rdacarrier 
500 |a Typescript (photocopy). 
500 |a Vita. 
502 |b Ph. D. in Accounting  |c Texas A & M University  |d 1986 
504 |a Includes bibliographical references (leaves 128-130). 
520 3 |a The term "economic interest" represents an investment in a natural resource that will eventually produce a return on capital. The possession of economic interest is necessary for the taxpayer to (1) claim the depletion deduction and (2) recognize a capital gain rather than ordinary income on the sale of natural resources. This study used a population of decisions made by the Tax Court and the Internal Revenue Service in macro-case analysis in an attempt to identify and estimate the importance of the factors used by the judicial courts and the IRS to determine the existence of economic interest and how these factors differ in a variety of circumstances (different decision makers, different types of transactions, and different natural resources). Decision criteria of the models were also compared to the regulations. The Tax Court and the IRS were found to use different decision criteria to determine economic interest. The Tax Court decisions used only one of the variables contained in the regulations and made no distinction between depletion and capital gains transactions in the determination of the existence of economic interest. The rulings made by the IRS used another variable in addition to the two contained in the regulations and tended to alter decision criteria in depletion transactions compared to capital gains transactions. Only limited evidence supported differences in decision criteria for economic interest decisions between various natural resources. 
650 0 |a Natural resources  |x Taxation  |x Law and legislation  |z United States. 
650 4 |a Major accounting. 
655 7 |a Academic theses  |2 lcgft 
700 1 |a Crumbley, D. Larry,  |e degree committee member. 
700 1 |a Grossman, Steven D.,  |e degree supervisor. 
700 1 |a Kilpatrick, Bob,  |e degree committee member. 
700 1 |a Smith, Laurel,  |e degree committee member. 
700 1 |a Wiggins, Casper,  |e degree committee member. 
710 2 |a Texas A & M University,  |e degree granting institution. 
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