Get Coal Severance Tax Return Instructions - Kentucky Department Of...

Filing the Coal Severance Tax Return is an essential requirement for coal mine owners and operators in Kentucky. This guide provides clear, step-by-step instructions to assist users in accurately completing the form online, ensuring compliance with local tax regulations.

Follow the steps to fill out the Coal Severance Tax Return Instructions accurately.

1. Click 'Get Form' button to retrieve the Coal Severance Tax Return form and open it for editing.
2. Identify the reporting month and year at the top of the form and clearly indicate the county where the coal was severed.
3. Complete the sections regarding the coal mine owner or operator's information, including the name, address, and contact details for inquiries regarding the report.
4. Proceed to Schedule A on the back of the form to list the number of tons of coal mined within the specified month and provide the legal description of the mining locations.
5. Return to the main form and input the total number of tons mined during the month as reported on Schedule A.
6. Subtract any number of tons placed into long-term inventory storage and record the balance.
7. Add any tons removed from long-term inventory or pledged as collateral, then calculate the total number of tons severed during the month.
8. Deduct any tax-exempt tons, ensuring to comply with the specific guidelines outlined in the instructions.
9. Calculate the total number of tons subject to severance tax and apply the appropriate rate per ton to determine the tax amount due.
10. Complete any necessary calculations for tons shipped out of state and apply the applicable county rates and exemptions.
11. Finish the form by signing and dating it before submission, ensuring that all calculations for total tax due are accurate.
12. Once finalized, save your changes, then download, print, or share the completed form as needed.

Start filing your Coal Severance Tax Return online today to ensure compliance and timely submission.