What supporting documentation is required when filing a claim for refund of severance tax paid on oil and gas?
An amended return must be filed electronically. Supporting documentation for verifying overpayments include:
- Horizontal Well, Deep Well, and Orphan Well Rework Exemptions:
- O-5’s & G-5’s
- Oil and gas purchase statements, division of interest order, a detailed list of lease operating expenses, approved well certification, and payout statement. Note: This information should only be furnished upon request from LDR.
- Reduced Rates:
- Incapable oil and Stripper oil
- Monthly Reduced Rate Report (O-3)
- Incapable oil well gas and Incapable gas well gas
- Monthly Reduced Rate Report (G-3)
- Half Rate – Inactive oil and gas, Quarter Rate – Orphan oil and gas
- Monthly Oil/Gas Report for Exempt Wells (O-5 & G-5)
- Volume or Value Change (Upon request from LDR)
- Purchase Statements
- Transportation (Upon request from LDR)
- Crude Oil Purchase Agreement or Contract
LDR may contact the taxpayer to request additional information to complete the refund review process.