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Houston County

Members: 9
Latest Activity: Aug 18, 2015

Discussion Forum

Lease Bonus?

Started by Damon Baxter. Last reply by Norene Taylor Aug 18, 2015. 1 Reply

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Comment by Norene Taylor on July 6, 2014 at 3:15pm
Nice to see others joining. Welcome!
I hope with this forum we can keep each other informed on what is happening in Lovelady and Crockett, Houston County, Texas.

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Cost Depletion: A Valuable Tax Deduction for Royalty Owners

Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Background:
 The Internal Revenue Code allows a deduction known as “depletion” for oil & gas income. The depletion deduction could save a taxpayer thousands of dollars in income taxes. Since a mineral interest runs out…

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