Get 382, Gas Severance Tax Return

Completing the 382, Gas Severance Tax Return is essential for producers and purchasers of gas in Michigan. This guide provides a clear, step-by-step approach to help users fill out the form accurately and efficiently online.

Follow the steps to complete your Gas Severance Tax Return online.

1. Click the ‘Get Form’ button to obtain the Gas Severance Tax Return form and open it for editing.
2. In Part 1, enter your information: for Box A, type the legal name of the individual or business. In Box B, provide your Tax Identification Number (TIN), ensuring that this nine-digit number is accurate.
3. Fill in Box C with the specified reporting period in MM/YYYY format. In Box D, select one of the options indicating your return type: Estimated, Actual, or Adjusted. Finally, complete Box E with your address information, including street, city, state, and ZIP code.
4. In Part 2, report your gas volumes in MCFs. For Line 1, input the total MCFs and their respective value as obtained from the Production Report (Form 383). Proceed to complete Lines 2 to 4 by reporting exempt gas and calculating the severance tax due on taxable gas.
5. For Natural Gas Liquids (NGLs) and condensate, follow the same structure to fill out Lines 5-12, ensuring you enter all volume figures in barrels.
6. In Part 3, calculate the total severance tax due by summing relevant lines from Part 2. Ensure you accurately enter any previous payments on Line 17 and compute the total payment due on Line 21, including penalties and interest if applicable.
7. Finally, ensure that the return is signed by an authorized officer. You may then save the form, download, print, or share it as required.

Complete your Gas Severance Tax Return online today for a smooth filing experience.