I have producing wells and am receiving checks. Is it better just to let these funnel through as personal income- or is it better to form a Corporation? I can't seem to find any listings for Oil and Gas Accountants...and my Tax Accountant doesn't seem to know what she is doing when it comes to mineral income.
I have minerals in not only Colorado but also New Mecico and Texas. I use a CPA firm in Midland, TX and I think they do a great job.
Armstrong, Backus & Co [email protected] (432) 682-6258
I do not use an LLC. William Walker
Thank you!