Get Co Dr0021w 2018
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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. This guide provides detailed, step-by-step instructions on how to accurately complete this form online to ensure compliance with severance tax requirements.
Follow the steps to complete the CO DR0021W online.
- Click the ‘Get Form’ button to obtain the CO DR0021W form and open it in your chosen editor.
- In Box 1–5, enter the required information regarding the well name, lease, county, and the American Petroleum Institute well number.
- For Line 6, input the total gross income before any deductions for both cash and accrual bases. Remember, for cash basis, include all payments made within the specified calendar year.
- For Line 7, indicate the gross income from tax-exempt oil and gas production attributable to stripper well production for both cash and accrual bases.
- On Line 8, record the ad valorem tax amounts related to oil and gas production, ensuring you categorize them under both cash and accrual bases as instructed. Only report taxes actually paid for the cash basis.
- Line 9 requires you to state the portion of ad valorem tax specifically for stripper well production, again under both cash and accrual bases.
- On Line 10, enter the amount of severance tax withheld and remitted to the Colorado Department of Revenue for the calendar year.
- In Box 11 and Box 12, provide the required personal information for both the payee and payor, including names, addresses, and tax identification numbers.
- Once all sections are accurately filled out, review the form for correctness, then save your changes, and consider downloading, printing, or sharing the completed form as necessary.
Complete your CO DR0021W online to meet your severance tax obligations efficiently.
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The Colorado form DR21W is a specific document used for claiming a refund for overpayment of state taxes. This form allows taxpayers to streamline the refund process, making it easier to recover excess payments. It is important to fill out the DR21W accurately to avoid delays in receiving your refund. If you need assistance, uslegalforms offers resources to help guide you through the completion and submission of the CO DR0021W.