Can taxes on lease bonus payment(s) be spread out?

Accounting and Taxes
1

Can tax payments on lease bonus money be spread out over several years?

Here’s the IRS statements on the topic: https://www.irs.gov/pub/irs-news/FS-13-06.pdf

This seems to indicate that one probably ought to report what the Oil Company (Lessee) says on the Form 1099 they send you (or supposed to send you).

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NO - you are a cash basis taxpayer and the lease bonus is ordinary income in the year the check is dated.

3

Pay your taxes by Estimated taxes 4 times a year That helps Keith spreading the payment on your royalties