"John David Greer
(318) 422-6053
(318) 464-0899
Louisiana Wildlife Control (Management@Louisianawildlifecontrol.org)"
all things pertaining to leasing, drilling, production and mineral rights
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smith1
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- elm grove, la
- United States
Last View: 7:28AM, 1 May 13
Last On: 4:13AM, 5 Apr 13
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Tax Deduction
Started this discussion. Last reply by adubu Mar 21. 5 Replies 0 Favorites
Petrohawk-Suspension of Royalty Payment/Lake Bistineau Conflict
Started this discussion. Last reply by smith1 Jul 14, 2012. 33 Replies 0 Favorites
Well comparison
Started Mar 22, 2012 0 Replies 0 Favorites
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"smith1---- Why are the payments is suspension?????"
smith1 replied to smith1's discussion Tax Deduction"CPA doesn't have me in the dark, said he is researching"
cheap shot replied to smith1's discussion Tax Deduction"You CPA is probably referring to writing off what you are owed by the oil company as a theft/unpaid bad debt. There are regs for that at irs.gov. I'm wondering at this point why your CPA has you in the dark. Good luck."
"I doubt if you can take a loss on income that is in suspension since it's basically income that is deferred which one day will be taxable when received. The question is Why are royalty payment held in suspension? Have they just not cured…"
Aubrey C. Sanders, Jr. replied to smith1's discussion Tax Deduction"A very good question to which I am also seeking answer. I am trying to contact my CPA. When I get answer I will post here. Good luck to us both"
smith1 posted a discussionTax Deduction
Does anyone know who I would contact to find out if you can take a loss on income tax for royalties held in suspension by BHP? I've search the IRS site - but can't seem to find anything. My CPA mentioned this as a possibility.See More
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- Plays that you are following.
- Haynesville
- What parish/county are you following?
- Bienville Parish, Bossier Parish, Desoto Parish, Natchitoches Parish
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- Signed confidentiality statement for actual lease amount
Comment Wall (16 comments)
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- At 5:48pm on June 29, 2012,
Cyhaynes said…
- Thanks for info....our well is also close to.lake..wondeed if that was it. Prices down.
- At 10:18pm on July 29, 2011, Riley Russell Merriott said…
- TOWNSHIP 16 North, Rangr 11 west sec 23!
- At 10:15pm on July 29, 2011, Riley Russell Merriott said…
- TOWNSHIP 16 North, Rangr 11 west sec 23!
- At 8:44am on March 23, 2011,
Oildex said… - Thanks for 'friending' us & welcoming us to this community!
- At 9:31pm on February 14, 2011,
Les B said… - Smith, I just updated the Well Hall of Fame and Super Well List.
- At 11:10am on October 22, 2010, Riley Russell Merriott said…
- 161123
- At 9:28pm on August 2, 2010, Les B said…
- Smith, I thought you may be interested in the following well test results.
Chesapeake, Freeman 5 #H1 Well, Serial #240468, S5-T16N-R15W, Caddo Parish, 13056 Mcfd, 22/64" Choke, 6870 psi Flowing Pressure
- At 2:13pm on March 20, 2009,
Bob Ballard said… - Future information concerning 10 10 can be sent to me at bobballard@bellsouth.net. I am particularly interested in the Lafayette contacts. Thanks again, Bob
- At 1:18pm on March 20, 2009, Bob Ballard said…
- Thanks for your update. This is very encouraging for the rest of us. Can you share with me if David Hall or Tag Holley was involved and if $6800/ac was the negotiated amount? Of minor importance, 10-10-32 is in Natchitoches Parish. If you hear of sect 32 being unitized , please let me know. Your information made my day, Bob
- At 5:16pm on March 9, 2009, Bob Ballard said…
- smith1 My 15 acres is located in 34 10 10 at Beulah. XTO made a very good offer then rescinded it. Did your family get leased?
Bob
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© 2013 Created by Keith Mauck (Site Publisher).
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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