Our owned/leased o/g Marcellus/Utica acres with INR in Noble/Guernsey Counties in Ohio in two approved units are beginning production. We live in Maine and are thinking ahead to tax seasons. Maine having no o/g sites has little, if any, CPA expertise with o/g royalties. We feel the need for the tax season help. Is it acceptable to hire a well respected firm located in Maine who can research the variabilities of o/g royalty taxation {depletion, NIIT, inheritance, cash flow/qtrly payments/OH law}. Has anyone here had similar multi-state and Federal tax advisory services?
CPA here. A well-respected CPA in your area should be able to handle this. I file tax returns in states all over the country. It takes some research, but is very doable.