Tax Reports

Tax Reports:

These reports list well production in MCF, BBL, and other products and severance taxes withheld for each month in the quarter selected. The four taxes refer to the four different taxes which are able to be withheld from wells (oil tax 1-4, gas tax 1-4, other tax 1-4). It does not refer to the quarter you wish to report on. The quarter is selected once you pick the appropriate tax. This report will only include taxes that were calculated from a tax table. Taxes that are manually entered will not appear on this report.

Well Product Tax Table
Select the tax table on which you wish to report. These are defined under the Maintain> Disbursement and JIB Files> Well Products Tax Table screen.

Tax Type
Select the type of tax you wish to report.

Report By
You can either report by quarter or by a range of months.

Quarter
Select the quarter on which you wish to report.

Use Production Period as Selection Criteria
By default, the severance tax report bases the quarter being reported on the accounting date found in the well history record. This may or may not be the same as the production period. To produce the report by production period, enable this option.

Include Taxes Withheld By Purchaser
To include taxes not withheld by a tax table, enable this option.

Year
This field will only appear if you are reporting by Quarter. Select the year that the desired quarter is located in.

Beginning/Ending Year and Period
If you selected to report by range of periods, you can enter the beginning and ending months. If you are reporting by year, fill in the appropriate year.

First/Last Well ID
The first and last wells in the range of wells that you would like to view the report for.

Group
Choose the group to report on.

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Backup/Tax Withholding Report

The Owner Tax Withholding report will show the amount withheld from the owner as specified in the Owner Information record on the Options tab, and in the Division of Interest screen. Federal Tax withholding is specified in the Owner Information record. State tax withholding is specified in the Division of Interest screen.

Report On
Choose to report on Backup Withholding or Tax Withholding.

Report Type
Choose to format the report by summary or detail.

Base Report On
Choose to report on Quarter or Period.

Base Report On Production Year
By default the report will populate based on accounting date, which would be the month that the run was closed. Choose to report based on the Production Year if you would rather have the information populate based on the production date it was from.

Include Owner Tax Ids on Report
Choose this option to include the owner's tax IDs.

Year
Specify the year to be reported on.

Owner Type
You can view the report for all owner types or just Royalty or Working Interest types.

Quarter
Choose which quarter to report on if quarter is selected above.

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