Get Co Dr0021w 2020

The CO DR0021W is an essential document for severance taxpayers in Colorado, specifically designed for oil and gas producers and interest owners. This guide will provide clear and detailed instructions on how to fill out the form accurately and efficiently online.

Follow the steps to complete the CO DR0021W online.

1. Click ‘Get Form’ button to obtain the CO DR0021W and open it in the online editor.
2. In boxes 1 to 5, enter the required information, including well name, lease details, field, county, and the American Petroleum Institute well number.
3. For line 6, provide the total gross income on both a cash basis and an accrual basis, ensuring that all payments made during the year are included.
4. On line 7, report the portion of payments that come from tax-exempt oil and gas production from a stripper well, again on both cash and accrual bases.
5. For line 8, enter the amount of ad valorem tax paid, differentiating between cash basis and accrual basis as required.
6. Complete line 9 with the ad valorem tax amount that relates specifically to oil and gas production from a stripper well for both accounting bases.
7. In line 10, indicate the amount of severance tax that has been withheld and remitted to the Colorado Department of Revenue for the calendar year.
8. Boxes 11 and 12 require the payee and payor information; fill these out accurately with last names, tax identification numbers, addresses, and other necessary details.
9. After all sections are completed, review the form for accuracy and ensure all fields are filled out properly.
10. Save the changes you have made, and use the options to download, print, or share the completed form as needed.

Complete your CO DR0021W online today for efficient processing.