NOTE: This item is not available outside the Texas A&M University network. Texas A&M affiliated users who are off campus can access the item through NetID and password authentication or by using TAMU VPN. Non-affiliated individuals should request a copy through their local library's interlibrary loan service.
Determining economic interest in natural resources
dc.contributor.advisor | Grossman, Steven D. | |
dc.creator | Pasewark, William Robert | |
dc.date.accessioned | 2020-09-02T21:04:37Z | |
dc.date.available | 2020-09-02T21:04:37Z | |
dc.date.issued | 1986 | |
dc.identifier.uri | https://hdl.handle.net/1969.1/DISSERTATIONS-22711 | |
dc.description | Typescript (photocopy). | en |
dc.description.abstract | 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. | en |
dc.format.extent | x, 158 leaves | en |
dc.format.medium | electronic | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | eng | |
dc.rights | This thesis was part of a retrospective digitization project authorized by the Texas A&M University Libraries. Copyright remains vested with the author(s). It is the user's responsibility to secure permission from the copyright holder(s) for re-use of the work beyond the provision of Fair Use. | en |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
dc.subject | Major accounting | en |
dc.subject.classification | 1986 Dissertation P281 | |
dc.subject.lcsh | Natural resources | en |
dc.subject.lcsh | Taxation | en |
dc.subject.lcsh | Law and legislation | en |
dc.subject.lcsh | United States | en |
dc.title | Determining economic interest in natural resources | en |
dc.type | Thesis | en |
thesis.degree.discipline | Accounting | en |
thesis.degree.grantor | Texas A&M University | en |
thesis.degree.name | Doctor of Philosophy | en |
thesis.degree.name | Ph. D. in Accounting | en |
thesis.degree.level | Doctorial | en |
dc.contributor.committeeMember | Crumbley, D. Larry | |
dc.contributor.committeeMember | Kilpatrick, Bob | |
dc.contributor.committeeMember | Smith, Laurel | |
dc.contributor.committeeMember | Wiggins, Casper | |
dc.type.genre | dissertations | en |
dc.type.material | text | en |
dc.format.digitalOrigin | reformatted digital | en |
dc.publisher.digital | Texas A&M University. Libraries | |
dc.identifier.oclc | 17993574 |
Files in this item
This item appears in the following Collection(s)
-
Digitized Theses and Dissertations (1922–2004)
Texas A&M University Theses and Dissertations (1922–2004)
Request Open Access
This item and its contents are restricted. If this is your thesis or dissertation, you can make it open-access. This will allow all visitors to view the contents of the thesis.