
*DONOTSEND DR 0021W (06/10/22) COLORADO DEPARTMENT OF REVENUE Denver CO 802610006 Tax. Colorado.instructions for Producers and First Purchasers Preparing DR 0021W for Severance Taxpayers See form.
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How to fill out the CO DR0021W online
The CO DR0021W is an essential form for producers and first purchasers of oil and gas in Colorado, specifically related to severance tax withholding. This guide will provide clear and comprehensive steps to successfully complete the form online, ensuring that you meet all necessary requirements.
Follow the steps to effectively fill out the CO DR0021W online.
- Click ‘Get Form’ button to access the CO DR0021W and open it in the online editor.
- In Box 1 to 5, enter the required information regarding the well name, lease, field, county, and American Petroleum Institute well number.
- For Line 6, report the total gross income on both cash basis and accrual basis. Ensure that you include all payments made during the year for cash basis, including those related to prior period production.
- In Line 7, disclose the gross income attributable to stripper well production for both cash and accrual basis.
- For Line 8, provide the amount of ad valorem tax on oil and gas production, distinguishing between cash and accrual basis.
- Line 9 requires you to enter the ad valorem tax specifically related to stripper well production for both bases.
- In Line 10, indicate the total severance tax that has been withheld and remitted to the Colorado Department of Revenue during the calendar year.
- For Box 11 and 12, fill out the payee and payor information, including names, identification numbers, addresses, and relevant details.
- Once all fields are complete, save your changes, download the completed form, print for records, or share as necessary.
Complete your documents online today to ensure compliance and accuracy.
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