This content has been reviewed by an Enrolled Agent (EA) with the IRS — the highest credential awarded by the agency. Enrolled Agents are empowered to represent all taxpayers before the IRS, on all types of tax-related matters. Accountants who earn this certification have passed a comprehensive three-part exam on individual and business tax returns. To maintain EA status, they must stay up to date in the field by completing 72 hours of continuing education every three years.
NAICS code:Your NAICS business code is a six-digit string of numbers that shows the type of work your business does. (NAICS stands for North American Industry Classification System.) When you do your taxes, you’ll enter it in Box B of your Schedule C.
Is there anything cozier than a well-heated home in the winter? Probably not, but saving money on our taxes sure gives us the warm fuzzies! And as an oil and gas contractor, there’s an easy way for you to lower your tax bill, just by claiming the business expenses you run into every day.
Don’t let these savings burn — use our list of the best write-offs for oil and gas contractors to make sure you’re getting the most out of your taxes. It’s time to watch those savings heat up!
