"Financial & Tax Implications of Oil & Gas Leases/Royalties Workshops" to be Held
“A $5.00 meeting which may save you thousands!” OSU Extension in Northeast Ohio is pleased to be offering workshops to help landowners understand the financial and tax implications of oil & gas leases/royalties. This workshop titled “Financial & Tax Implications of Oil & Gas Leases/Royalties in Northeast Ohio will feature David Marrison, OSU Extension Associate Professor, who will discuss the financial and tax implications of Marcellus Shale Leases.
This meeting will help participants become more aware of the potential tax implications of leases and royalty payments. Don’t get caught blindsided by the taxes which will be due. Learn which payments are subject to ordinary income taxes versus capital gain; about the percentage depletion deduction; and how signing a lease may affect your CAUV status. Learn how the IRS handles oil & gas payments. Learn what questions to ask and receive financial planning tips for managing the potential income from these wells.
Two meetings will be held at the Ashtabula County Extension office:
May 18, 2012
June 6, 2012
Two meetings will be held at the Trumbull County Extension office:
May 24, 2012
July 13, 2012
The registration fee for this program is $5.00 per person. Registration fee is to help defray the cost of program handouts. Fee is payable at the door. However, due to space limitations (50 per site), reservations are required. Return registration to: OSU Extension, Ashtabula County and mail to 39 Wall Street, Jefferson, OH 44047. More information can be obtained by calling 440-576-9008.
