Financial & Tax Implications of Oil & Gas Leases/Royalties in Ohio
Ashtabula County Extension Office
39 Wall Street
Jefferson, OH 44047
Ohio State University Extension
David Marrison, OSU Extension Educator, will discuss the financial and tax implications of Marcellus Shale leases in northeast Ohio. Don't get caught blindsided by the taxes which will be due. Learn how the IRS handles oil & gas payments. 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.
Registration fee is $5.00/per person. Registrations are required due to space limitations. Send payment and registration form to: OSU Extension, Ashtabula County, 39 Wall Street, Jefferson, OH 44047. More information can be obtained by calling 440-576-9008