Get Mi Form 382 2024-2025

Filling out the MI Form 382, the Gas Severance Tax Return, online can be a straightforward process with the right guidance. This comprehensive guide will walk you through each section of the form, ensuring that you complete it accurately and efficiently.

Follow the steps to successfully complete the MI Form 382 online.

1. Click the ‘Get Form’ button to access the MI Form 382 and open it for online completion.
2. In Part 1, begin by entering your name in Box A. This should reflect the legal name of the individual or the business entity filing the return.
3. In Box B, input your Tax Identification Number, which is a nine-digit number such as your Federal Employer Identification Number. This field is mandatory.
4. For Box C, specify the reporting period in MM/YYYY format for which you are filing the return.
5. In Box D, select one box to indicate the type of return you are filing: Estimated, Actual, or Adjusted. Be mindful of the definitions provided to choose correctly.
6. Enter your complete address in Box E, including street, city, state, and ZIP code.
7. Proceed to Part 2. Start by reporting the gas volumes in MCF (1,000 cubic feet). For Line 1, record the total Mcf’s of gas produced and their corresponding value.
8. For Line 2, report any exempt Mcf’s of gas and their value. Use Line 3 to calculate the taxable amount by subtracting Line 2 from Line 1.
9. In Line 4, compute the severance tax due on the taxable gas by multiplying the value on Line 3, Column 2 by 5% (0.05).
10. Continue filling out Lines 5 through 12 for Natural Gas Liquids and Condensate, ensuring to enter values accurately as instructed.
11. For Part 3, Lines 13 to 21, summarize your calculations. Add the appropriate lines to determine the total severance tax and the total payment due.
12. Ensure the taxpayer certification section is completed. Both the tax preparer and taxpayer need to sign and date the form.
13. Save any changes made to the form. You can then download, print, or share the completed MI Form 382 as needed.

Complete the MI Form 382 online today to ensure timely filing and compliance with gas severance tax regulations.