Paying income tax on the gas companies deductions

Why do we have to pay income taxes on the deductions the gas companies are taking out of our royalty checks. I noticed on our yearly statements for income tax they include their deductions for the year in our income. Is this right for us to have to pay the money they are keeping?

0 members like this

▶ Reply to This

You're not logged in.

Sign Up and Discuss
Already a Member, SIGN IN

Or sign in with:

Local Groups

Tioga County, PA

396 members
Washington County, OH

160 members

WV Land Owners

167 members
Beaver County, PA

239 members

Trumbull County, OH

305 members

VIEW ALL

▶ MINERAL OWNER TV

SHALE • DRILLING • MINERAL RIGHTS

Loading videos...

About

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 ]

1	Tioga County Landowners: Your Operator Is Becoming Its Own Company
2	Northeast wants to put a pad on our property.
3	Columbiana County, OH (western) 2026 news?
4	Leasing opportunities
5	Vickery Energy in McElroy District
6	Imputed Pugh Clause

Paying income tax on the gas companies deductions

Replies to This Discussion

Top Content

Tioga County Landowners: Your Operator Is Becoming Its Own Company

Northeast wants to put a pad on our property.

Columbiana County, OH (western) 2026 news?

Leasing opportunities

Vickery Energy in McElroy District

Imputed Pugh Clause

Local Groups

Tioga County, PA

Washington County, OH

WV Land Owners

Beaver County, PA

Trumbull County, OH

About

Home

Info

Groups

Community

Contact