Tax treatment-Edgemarc gas & oil leases - GoMarcellusShale.com2024-03-29T06:09:11Zhttps://gomarcellusshale.com/forum/topics/tax-treatment-edgemarc-gas-oil-leases?groupUrl=butler_county&feed=yes&xn_auth=noOne could end up losing the f…tag:gomarcellusshale.com,2016-10-10:2274639:Comment:7522872016-10-10T00:34:04.695Zrmchttps://gomarcellusshale.com/profile/RobertMCrow
One could end up losing the farm.
One could end up losing the farm. My understanding is that if y…tag:gomarcellusshale.com,2016-10-09:2274639:Comment:7523342016-10-09T18:05:02.870ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
<p>My understanding is that if you don't report your income correctly, the penalty is double what you owe.</p>
<p>My understanding is that if you don't report your income correctly, the penalty is double what you owe.</p> One more suggestion if I were…tag:gomarcellusshale.com,2016-10-09:2274639:Comment:7523262016-10-09T13:52:33.726Zrmchttps://gomarcellusshale.com/profile/RobertMCrow
One more suggestion if I were you I would want to know how much it could cost me to be wrong. Other words how much could it cost me in five years when the IRS decides to audit and access penalties and interest ?
One more suggestion if I were you I would want to know how much it could cost me to be wrong. Other words how much could it cost me in five years when the IRS decides to audit and access penalties and interest ? Pretty simple although not wh…tag:gomarcellusshale.com,2016-10-09:2274639:Comment:7521992016-10-09T13:45:11.719Zrmchttps://gomarcellusshale.com/profile/RobertMCrow
Pretty simple although not what one wants to hear the money is to be taxed in the year received.<br />
If you want to pay over a five year period you would have to receive the money over the five year period.<br />
At least that's what I have been told by different tax attornys
Pretty simple although not what one wants to hear the money is to be taxed in the year received.<br />
If you want to pay over a five year period you would have to receive the money over the five year period.<br />
At least that's what I have been told by different tax attornys The bonus is paid in full as…tag:gomarcellusshale.com,2016-10-09:2274639:Comment:7522752016-10-09T10:26:09.073Zsmittyhttps://gomarcellusshale.com/profile/smitty
<p>The bonus is paid in full as stated.</p>
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<p>The issue is how that bonus is to be treated tax-wise.</p>
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<p>The acreage is located in Allegheny & Venango townships.</p>
<p>The bonus is paid in full as stated.</p>
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<p>The issue is how that bonus is to be treated tax-wise.</p>
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<p>The acreage is located in Allegheny & Venango townships.</p> What township are you located…tag:gomarcellusshale.com,2016-10-08:2274639:Comment:7523162016-10-08T21:41:45.356ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
<p>What township are you located in? Shell paid in full 4 months after the signing. No clue about Edgemark.</p>
<p>What township are you located in? Shell paid in full 4 months after the signing. No clue about Edgemark.</p>