Mark Patten, CPA and Mandy Thiebaud, CPA of McKinnon Patten & Associates discuss with Old Capital Podcast how earned income and passive income are treated by the IRS, capitalizing versus expensing replacements & repairs, and why owning real estate is more than just a return on your investment. Find out about 1031 exchanges, like-kind exchanges as well as cost segregation and how it can benefit your real estate investment.

OIL FIELD ACCOUNTING SOLUTIONS FOR THE MODERN ENERGY COMPANY
Nearly 40% of oil and gas companies struggle with inefficient financial processes, costing them millions in lost revenue and compliance penalties each year. In an