It's March and it is time to get things in order to file your taxes.  In this episode we discuss how Mineral rights and royalties are taxed, deductions you can take to reduce the tax liability associated with your oil and gas royalties, and we’ll also provide a refresher on a quick audit you can do on your royalty statements before you file your taxes. Checkout the free royalty audit worksheet and my tax resource guide which you can download for free.  Links can be found in the show notes at mineralrightspodcast.com Thanks for listening and don't forget to leave a rating and review!