Hangar Talk July 2025: Oil & Gas Tax Strategies

Tait Duryea welcomes Nathan Sosa for the first guest appearance of the Hangar Talk series to break down one of the most powerful and misunderstood tax advantages available to high-income earners: oil and gas investing. They unpack how working interests can offset W-2 income, why structure matters, and how the upcoming Iron Horse Energy Fund is designed to maximize benefits while managing risk. You’ll hear how diversification across 100+ wells, partnerships with top-tier operators, and smart fund structuring can deliver both strong cash flow and extraordinary tax efficiency. Nathan Sosa, Manager of National Tax at Hall CPA, advises investors nationwide on advanced tax strategies. A real estate investor and small business owner himself, Nathan brings both technical expertise and real-world insight, most recently co-authoring an e-book on oil and gas tax benefits with Tait.Show notes:(0:00) Intro(0:18) Nathan’s tax & investing background(1:14) Oil & gas tax advantage explained(4:01) Investing via stock, royalties, working interest(6:01) How the 80–90% deduction works(9:14) De-risking with diversification & operators(13:00) Active loss treatment rules(17:05) Fund timeline & cash flow outlook(20:02) State tax factors for high earners(23:51) Break-even pricing & assumptions(26:04) Expanded 1202 exemption benefitsHelpful Links:K-1 Tax Document tracker: https://docs.google.com/spreadsheets/d/1oZAnEOesvJH228aOiZqUB9P-_vc1DEpzymZAudvNfCw/edit?usp=sharingOil & Gas Tax Benefits eBook (written by Tait and Nathan): https://drive.google.com/file/d/1-esh5ZpdRJkKiBDO05QS2VFUYKzfdEPR/view?usp=sharingPassive Income Pilots’ latest episode with Nathan Sosa - Big Beautiful Tax Bill:Apple Podcast:https://podcasts.apple.com/us/podcast/passive-income-pilots/id1675913577?i=1000716846641Spotify Podcast:https://open.spotify.com/episode/0exEKvvBnijuZXSVaLGlCu?si=bf12aa083c3648e0Houston Storage Deal Room - https://turbinecap.investnext.com/portal/offerings/8449/houston-storage/To book a call with Nathan at Hall CPA: https://bit.ly/HallCPAContact Nathan to get access to HALL Community $100 off for the year access for PIP and TC brand: [email protected] you have any questions, please feel free to email [email protected] more about Turbine Capital: Website: https://www.turbinecap.comFacebook: https://www.facebook.com/turbinecapInstagram: https://instagram.com/turbinecapitalThe information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.