Mike continues his special series on investing opportunities in oil and gas. Investing in direct drilling projects offers unique tax benefits. Rob Myatt, a CPA specializing in energy, discusses how investors can structure deals that reap attractive tax benefits. SHOW NOTES: 1:22: What Are The Tax Benefits Unique To Oil Investing? 3:31: How Do Tax Benefits Differ Between General Partners and Limited Partners? 6:24: How Can A High-Income Professional Reduce Taxes Via Oil Investing? 9:41: How Can Oil Investors Reduce Their State Taxes? 11:49: What 3 Capital Expenditures Should Investors Examine? 14:19: How Can Recapture Benefit An Investor? 17:40: How Can Investors Use 1031 Exchanges? 21:23: Will The Tax Law Change This Year?