Financial & Tax Implications of Oil & Gas Leases/Royalties Webinar

Mar 13, 2013, 7:00pm - 9:00pm

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. There is no pre-registration required. Just log on from the comfort of your home or business!

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For more information, contact OSU Extension, Ashtabula County: 440-576-9008