Get Oil And Gas Withholding Statement Dr 0021w - Colorado

This guide provides a detailed overview of how to complete the Oil And Gas Withholding Statement DR 0021W for Colorado online. Whether you are a producer or a first purchaser, following these steps will help ensure your form is filled out accurately and submitted in a timely manner.

Follow the steps to complete your Oil And Gas Withholding Statement seamlessly.

1. Click ‘Get Form’ button to access the Oil And Gas Withholding Statement and open it in your preferred editing tool.
2. Begin filling in the form by providing the necessary details in Boxes 1 through 5. This information includes well name, lease information, field, county, and the American Petroleum Institute well number.
3. For Line 6, input the total gross income received by the interest owner. Remember to report this on both cash basis and accrual basis. For cash basis, include all payments made during the year; for accrual basis, include payments for all production within the year regardless of disbursement timing.
4. In Line 7, report the portion of the payments attributed to oil and gas production from a stripper well on both cash and accrual basis.
5. Line 8 requires you to enter the total amount of ad valorem tax related to oil and gas production, again on both cash and accrual basis.
6. For Line 9, document the ad valorem tax amount correspondingly for oil and gas production from a stripper well on both accounting methods.
7. In Line 10, indicate the severance tax withheld for the applicable year. Ensure that this matches what has been remitted to the Colorado Department of Revenue.
8. Fill out Boxes 11 and 12 with the required information for payee and payor, which includes names, social security number, Colorado account number, address, and FEIN.
9. Once all fields are completed, review the form for accuracy and completeness. Ensure that all necessary documents are noted for attachment.
10. Finally, save your changes. You can then download, print, or share the completed form as needed.

Start completing your Oil And Gas Withholding Statement online today to stay compliant with Colorado regulations.