America’s conversation place for mineral & royalty owners

Accounting and Taxes (16)

Sort by:

Discussions	Replies	Latest Activity
First royalty payment coming off confidential status? Hi everyone, Just wondering what the average time for receiving royalty check after the well began producing. Oil Company put a Confidenti… Started by Pam Kelly	9	on Thursday Reply by r w kennedy
Software for tracking oil and gas royalties I'm looking for software that will track the assets like the manual property books do; and track the monthly income by state, county, pipel… Started by Jimi Davidson	21	May 15 Reply by Will
1099 not received I signed a lease in 2011 and the company has not sent me a 1099 for it. In the last 5 weeks I have attempted to contact the company by pho… Started by Terry Petersen	3	Mar 28 Reply by Terry Petersen
New lease purchase...Corporation help Looking for input on forming a new corporation with the sole purpose of purchase existing production leases. Curious on what type Corp(S or… Started by henry bone	0	Mar 15
Seismic Survey Income Dawson completed a 3D seismic survey on our Reeves County TX property and we received a 1099 with other income checked. Is this treated a… Started by Mike Bourland	1	Mar 1 Reply by Buddy Cotten
Passive or Nonpassive Income A quick question about our FLP.We get our partnership income from Oil and Gas Royalties....So are our Partnership's trade or Bussiness acti… Started by Doug Klaevemann	7	Feb 20 Reply by Dillon
Charitable Donations to offset Taxes Has anyone had any experience with giving a charitable gift to offset royalty taxes? I am looking for this in relation to Oklahoma Tax law. Started by Joshua Westmoreland	3	Feb 3 Reply by Tawnisa Starritt
Depletion Allowance Do mineral right owners qualify for a depletion allowance on oil and natural gas royalties? If so, how much is it? Started by Ray A. von Proctor	9	Jan 30 Reply by Cara Simmons
Future Royalties This question is just for the future and I hope the near future. But when royalties are received do you have to set up to pay quarterly tax… Started by Native American	3	Jan 18 Reply by Native American
Penalty Interest Formula in ND Is anyone familiar with the ND law about the 150 day late penalty payment formula? Lets say $1000.00 x 18% = 180 divided by 365 days = 0.49… Started by DeeAnn Solberg	10	Dec 5, 2011 Reply by Eric