Loading
Get Mi Form 382 2018
How it works
-
Open form follow the instructions
-
Easily sign the form with your finger
-
Send filled & signed form or save
How to fill out the MI Form 382 online
Filling out the MI Form 382 online is essential for reporting gas severance tax in Michigan. This guide will provide clear and precise instructions to assist you in completing the form accurately.
Follow the steps to fill out the MI Form 382 with ease.
- Press the ‘Get Form’ button to access the MI Form 382. This will allow you to open the document in your editor.
- In Part 1, begin by entering your legal name in Box A, and your Tax Identification Number in Box B. This field is mandatory. Next, indicate the reporting period in Box C using the MM/YYYY format. For Box D, check only one option to specify the type of return you are submitting: Estimated, Actual, or Adjusted. Finally, fill in your address in Box E, including the street, city, state, and ZIP code.
- Move on to Part 2. In Column 1, report the gross MCF and value of gas produced. For Line 1, enter the total Mcf of gas and its corresponding value. In Line 2, provide figures for exempt Mcf and their values. Line 3 should contain the taxable Mcf and values, derived by subtracting Line 2 from Line 1. For Line 4, calculate the severance tax due by multiplying the amount from Line 3, Column 2, by 5%.
- Continue with Lines 5 to 12 for Natural Gas Liquids (NGLs) and Condensate. Report the gross barrels and values appropriately, using the same calculation principles from Lines 1 to 4.
- In Part 3, Line 13 aggregates the total severance tax due by summing lines 4, 8, and 12. Line 14 sums the total value reported, while Line 15 calculates the oil and gas fee based on the total value. Line 16 combines the total severance tax and fee into a final total tax due.
- Input any previous estimated payments in Line 17, and subtract this from the total tax due in Line 18. Lines 19 and 20 capture any penalties and interest for late payments, with Line 21 reflecting the total payment due.
- Lastly, ensure the form is signed by an authorized officer. After completing and verifying all information, save your changes, download, print, or share the form as necessary.
Start filling out your MI Form 382 online today for a smooth and compliant tax reporting experience.
Get form
Experience a faster way to fill out and sign forms on the web. Access the most extensive library of templates available.
When determining your withholding allowance, consider factors like your marital status, dependents, and whether you qualify for tax deductions. Input the appropriate number based on these factors on your tax forms. The MI Form 382 can serve as a helpful tool to guide you through the calculations and ensure you select the correct number for your situation.
Get This Form Now!
Use professional pre-built templates to fill in and sign documents online faster. Get access to thousands of forms.
Industry-leading security and compliance
US Legal Forms protects your data by complying with industry-specific security standards.
-
In businnes since 199725+ years providing professional legal documents.
-
Accredited businessGuarantees that a business meets BBB accreditation standards in the US and Canada.
-
Secured by BraintreeValidated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.