Get Oklahoma Gross Production 841495 Refund Form 2011-2025

Filling out the Oklahoma Gross Production 841495 Refund Form online can be a straightforward process when approached step-by-step. This guide will assist you in accurately completing the form to qualify for a refund of gross production tax on economically at-risk oil leases.

Follow the steps to complete the Oklahoma Gross Production 841495 Refund Form online

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the operator's FEI or Social Security Number (SSN) in the designated field.
3. Provide the operator's Oklahoma Corporation Commission (OCC) assigned company number.
4. Fill in the operator's name along with the mailing address information, including city, state, and zip code.
5. Input the lease name as recorded at the Oklahoma Tax Commission, along with the lease description.
6. Enter the Oklahoma Tax Commission assigned production unit number in the appropriate box.
7. Specify the calendar year that your request is covering; remember that each year must be filed separately.
8. Report the total gross revenue earned for that calendar year, including both oil and gas production.
9. Indicate the lease royalty in the relevant field.
10. Enter the operating expenses associated with the lease, encompassing expendable workover and recompletion costs from the previous year.
11. Input the gross production tax that was deducted by the tax remitter, excluding any petroleum excise tax or fees collected for other agencies.
12. Document the actual overhead costs while ensuring they do not exceed the maximum overhead percentage permitted by COPAS guidelines.
13. Calculate and enter the total of lines 8, 9, 10, and 11 on line 12.
14. Subtract line 12 from line 7; if the result indicates a loss or a profit that is less than line 10, you are eligible to apply for a gross production tax refund.
15. Complete the affidavit information as required, including signature, title, and notarization.
16. Once all fields are completed, save your changes, and you may choose to download, print, or share the form as necessary.

Begin completing your Oklahoma Gross Production 841495 Refund Form online today.