"Which supports why I am advocating personal advice, as this is very much a personal decision. The land groups will not consider your personal tax and financial situation when negotiating a lease. I can, and we have had success with previous clients…"
"Leasing will slow in the next slow months and is already signs of this. Don't be surprised if another big boy such as Exxon or BP acquires this acreage, which will further slow the efforts of leasing"
"I know Mike Vary, and working with him to develop a systematic approach to planning for the lease income. I not sure who spoke at the Tax workshop at the Ohio Extension, but the conservation easement may or may not assist in reducing taxes. The…"
"Bonus and Royalties are considered royalty income unearned income reported as a Schedule E income (like a rental property) and are taxed at ordinary income rates. It could possibly be structured into a business, but you would need to consider…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]