I received royalties from gas wells in Texas last year. I live in Virginia. I am looking for an oil & gas accountant to do my income tax. Can anyone refer me to a knowledgeable accountant you know?
I’ve used Jim Boney for about 30 years.
713-772-0664
Thanks for the reply. Did Jim take off more than 15% of your royalty income on federal tax? I skimmed through IRS Pub XXX. I believe royalty owners can take off up to 50% of their royalty income in their tax return. Depends on wells.