# O&G Tax Preparer
**URL:** https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223
**Category:** Accounting and Taxes
**Created:** [October 14, 2025, 7:26pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223 "2025-10-14T19:26:25Z")
**Posts on this page:** 15
**Page:** 1
### Author:  [@Brad\_Ham](https://www.mineralrightsforum.com/u/Brad_Ham)
#### Post date: [October 14, 2025, 7:26pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/1 "2025-10-14T19:26:25Z")
Hi all. I love this forum! I live in Georgia but have some mineral property in Texas. Our accountant in Georgia was not familiar with how to prepare our mineral rights but finally went back three years to amend a 15% depletion on gross revenue. Are there any other areas that we should be concerned about with mineral rights and taxes? I am trying to determine if we should find a tax professional in Texas (also licensed in Georgia) for help with our tax preparation next year.
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### Author:  [@TayNeatCPA](https://www.mineralrightsforum.com/u/TayNeatCPA)
#### Post date: [October 14, 2025, 8:50pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/2 "2025-10-14T20:50:37Z")
It sounds like you own a royalty interest in these wells. If this is correct, an experienced CPA in your area should be able to tackle this. Even if he or she is not necessarily familiar with oil and gas, royalty interests are fairly easy to understand from a tax perspective.
If you own a working or operating interest in wells, I would recommend vetting your CPA to be certain he or she understands how to account for the different types of expense/capital items that come with owning the interests.
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### Author:  [@galetime](https://www.mineralrightsforum.com/u/galetime)
#### Post date: [October 15, 2025, 8:09am UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/3 "2025-10-15T08:09:00Z")
My past two accountants (over the past 30+ years) have always just considered the payments as income from royalties. Do you have a working interest as a partner, LLC, or something similar that would make things more complicated? In some cases, the partnership would file and you would not involve your personal taxes.
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### Author:  [@James\_Garner1](https://www.mineralrightsforum.com/u/James_Garner1)
#### Post date: [October 15, 2025, 1:11pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/4 "2025-10-15T13:11:54Z")
Brad, @TayNeatCPA is spot on. Percentage depletion is very simple from a tax standpoint. If your royalties are being accounted for on Schedule E, then the depletion deduction is listed on that schedule. Your accountant should not have overlooked this deduction. If they did and that was the reason for the amended returns, then you should have discussion with them about any additional charges associated with those amended returns.
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### Author:  [@Cat](https://www.mineralrightsforum.com/u/Cat)
#### Post date: [October 17, 2025, 6:20pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/5 "2025-10-17T18:20:20Z")
My family has a similar situation - live in Georgia but have mineral rights in Texas. I’ve been happy with their accountant in Atlanta (we use their Roswell office): [https://cpalgm.com/](https://cpalgm.com/) Hope that helps!
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### Author:  [@Brad\_Ham](https://www.mineralrightsforum.com/u/Brad_Ham)
#### Post date: [October 17, 2025, 11:19pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/6 "2025-10-17T23:19:49Z")
Thank you Cat. I will give them a call.
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### Author:  [@Brad\_Ham](https://www.mineralrightsforum.com/u/Brad_Ham)
#### Post date: [October 17, 2025, 11:24pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/7 "2025-10-17T23:24:13Z")
Thanks for your advice. I think they finally fixed the royalty interest deduction. We do have a very small working interest on a few older wells.
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### Author:  [@Brad\_Ham](https://www.mineralrightsforum.com/u/Brad_Ham)
#### Post date: [October 17, 2025, 11:32pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/8 "2025-10-17T23:32:41Z")
We do have a few wells with working interest. Very small payments. My accountant did something different than the royalty interest wells. I believe these were filed as a business entity.
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### Author:  [@Brad\_Ham](https://www.mineralrightsforum.com/u/Brad_Ham)
#### Post date: [October 17, 2025, 11:38pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/9 "2025-10-17T23:38:01Z")
Good advice. I made it known that I was a little miffed that they missed the depletions the past few years. They reduced my invoice amount for this year and amended previous returns for free. I still lost money due to paying taxes that I should not have paid. Lost high yield interest and investment opportunities.
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### Author:  [@TayNeatCPA](https://www.mineralrightsforum.com/u/TayNeatCPA)
#### Post date: [October 18, 2025, 3:52pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/10 "2025-10-18T15:52:58Z")
I’d give Cat’s recommendation a call. I would be more worried about a CPA in Texas screwing up my Georgia state tax return!
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### Author:  [@Brad\_Ham](https://www.mineralrightsforum.com/u/Brad_Ham)
#### Post date: [October 18, 2025, 6:35pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/11 "2025-10-18T18:35:56Z")
Hi Cat. Do you know the name of their accountant at LGM?
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### Author:  [@Cat](https://www.mineralrightsforum.com/u/Cat)
#### Post date: [October 20, 2025, 3:57pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/12 "2025-10-20T15:57:31Z")
Hi Brad, I originally worked with partner William Lindsey, but now I’m working with another CPA under his supervision, Max Weber. I would ask to speak with William and tell him you have a Texas O&G royalty situation similar to the Wood family, and then he should assign you to a CPA that’s familiar with all the forms needed. I still have to check their work myself, though, to be sure the expenses, taxes, depletion, depreciation and property taxes are included for all leases. Good luck!
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### Author:  [@Mike20](https://www.mineralrightsforum.com/u/Mike20)
#### Post date: [October 22, 2025, 4:46am UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/13 "2025-10-22T04:46:39Z")
I guess I was not unique in this problem. I never thought to check with the other family members if they were taking depletion. I had to convince their tax preparers that it was real.
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### Author:  [@Kitchen](https://www.mineralrightsforum.com/u/Kitchen)
#### Post date: [October 23, 2025, 12:20pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/14 "2025-10-23T12:20:36Z")
One issue to be aware of is some operators only report gross income on 1099s. You need to make sure if you receive a 1099 like that to get a total of the taxes and other deductions calculated for the entire year. Also make sure you provide the CPA with any property tax payment amounts, because those will all help reduce your overall tax liability.
Working interest is an entirely different animal.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [January 12, 2026, 7:26pm UTC](https://www.mineralrightsforum.com/t/o-g-tax-preparer/84223/15 "2026-01-12T19:26:39Z")
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