Shale and You: A Financial Management Seminar for Landowners
Union Local Middle School Auditorium
66859 Belmont Morristonw Rd.
Morristown, OH 43718
Ohio State University Extension
Topics include the financial and tax implications of oil and gas leases/royalties. Learn what 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. Learn how the IRS handles oil and gas payments.
Also learn about sudden wealth including the do's and don'ts that every recipient of sudden wealth should know. Learn how to interview financial professionals to find the appropriate type of advisor for your individual situation.