Reduce Your Tax Liability, Increase Assets & Net Worth

End of year tax planning to reduce tax liability.

St. Petersburg, FL (PRWEB) November 19, 2008 -- Everyone likes to find ways to reduce their tax liability, especially now that end of year tax planning is in full swing. There is a powerful way to reduce taxes dollar-for-dollar and increase net worth, as explained in the new book, "Investing in Oil & Gas: the ABCs of DPPs (Direct Participation Programs)" by Kathy Heshelow. "Oil & gas drilling programs, which encourage needed domestic drilling, offer rather dramatic tax write-downs through the tax code. These write-downs are available only in the year of investment," says Heshelow. Direct investments are programs in which investors hold a percentage interest or own actual units of a working program, and gain the direct cash flow as well as tax benefits. This is quite different that holding a stock or a fund dealing with energy. DPPs are only available to what is called "accredited investors" (those with a net worth of at least One million dollars).

"My book actually covers a number of areas on oil & gas to help give potential investors a background and foundation of knowledge," says Heshelow. Understanding the state of oil & gas, history, what can affect pricing, and "Peak Oil" is included, as well as what prospective investors should review if they are going to invest, and of course, a chapter on taxes. The book actually builds the case for alternative energy as well. "I discuss the downsides, the volatility and the risks of oil & gas, as any investor needs to understand these points, too."

Author Kathy Heshelow can be contacted toll free at 866-891-1031 or at legacykathy @ aol.com to discuss her book (www.oilgasbook.com); or contact her book publicist Dan Smith, TCI-Smith Publicity. 856.489.8654, ext. 101

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