Get the free T-12 Oil Report & T-13 Gas Report Filing Guide - nd

This document provides guidelines for electronically filing the T-12 Oil Report and T-13 Gas Report in North Dakota, including standards for submission and specifics on data format.

How to fill out t-12 oil report t-13

How to fill out T-12 Oil Report & T-13 Gas Report Filing Guide

1. Gather all necessary data related to oil production and sales for the reporting period.
2. Access the T-12 Oil Report template from the relevant authority's website.
3. Input the total volume of oil produced in the designated section.
4. Include sales data, specifying the destination and type of sale (e.g., domestic, export).
5. Fill out the production and sales figures on a monthly basis.
6. Review and ensure accuracy of all figures entered.
7. Save the completed report and prepare for submission.
8. Submit the T-12 Oil Report to the relevant regulatory body by the deadline specified.

Who needs T-12 Oil Report & T-13 Gas Report Filing Guide?

1. Oil producers and operators involved in oil extraction and sales.
2. Regulatory agencies overseeing oil production for compliance tracking.
3. Financial analysts and stakeholders involved in the oil industry.
4. Environmental agencies monitoring production impacts.

People Also Ask about

What is the severance tax on oil and gas in North Dakota?

In North Dakota, an oil and gas gross production tax is imposed instead of property taxes on oil and gas producing properties. Oil extraction tax is also levied on the extraction of oil from the earth. A 5% rate is applied to the gross value at the well of oil produced.

What is the oil and gas severance tax in North Dakota?

In North Dakota, an oil and gas gross production tax is imposed instead of property taxes on oil and gas producing properties. Oil extraction tax is also levied on the extraction of oil from the earth. A 5% rate is applied to the gross value at the well of oil produced.

What is the IRS form for automatic extension to file?

Request an extension by mail File Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. You can file by mail, online with an IRS e-filing partner or through a tax professional.

What items are not taxed in North Dakota?

Admin Code 81-04.1-03-03 - Food and food products for human consumption. Food or food ingredients are exempt from sales tax. Food and food ingredients do not include alcoholic beverages, candy, dietary supplements, prepared food, soft drinks, or tobacco, which remain subject to sales tax.

Does a power of attorney need to be notarized in North Dakota?

Notarization. While North Dakota's power of attorney laws are silent on notarization, signing your POA in the presence of a notary public is very strongly recommended. Many financial institutions won't want to rely on a POA unless it has been notarized—a process that helps to authenticate the document.

What is a tax power of attorney in North Dakota?

A North Dakota tax power of attorney (Form 500) is used to designate a person as a representative of someone's interests in tax matters before the tax authority. This person will be authorized to receive the principal's information and make filings for them.

What is the IRS form for power of attorney?

About Form 2848, Power of Attorney and Declaration of Representative. Internal Revenue Service.

How do I get a tax extension form?

You can get an automatic extension of time to file your tax return by filing Form 4868 electronically. You'll receive an electronic acknowledgment once you complete the transaction. Keep it with your records. Don't mail in Form 4868 if you file electronically, unless you're making a payment with a check or money order.

What is a severance tax on oil and gas?

Severance tax is a state tax imposed on the extraction of non-renewable natural resources intended for consumption by other states. Severance tax is intended to compensate states for the loss of the non-renewable resources.

Do you need a power of attorney for taxes?

You have the right to represent yourself before the IRS. You may also authorize someone to represent you before the IRS in connection with a federal tax matter. This authorization is called Power of Attorney.

For pdfFiller’s FAQs

What is T-12 Oil Report & T-13 Gas Report Filing Guide?

The T-12 Oil Report is a document required for reporting oil production and the T-13 Gas Report is for reporting gas production. Both reports are essential for regulatory compliance and tracking production activities in the oil and gas industry.

Who is required to file T-12 Oil Report & T-13 Gas Report Filing Guide?

Entities engaged in the production, sale, or distribution of oil and gas in regulatory jurisdictions are typically required to file the T-12 and T-13 reports, including operators and producers.

How to fill out T-12 Oil Report & T-13 Gas Report Filing Guide?

To fill out the T-12 and T-13 reports, filers need to provide accurate production data, operational details, and other required information in the designated fields of the forms, ensuring compliance with the guidelines provided in the filing guide.

What is the purpose of T-12 Oil Report & T-13 Gas Report Filing Guide?

The purpose of the T-12 Oil Report and T-13 Gas Report Filing Guide is to ensure that production data is reported accurately and consistently, aiding in regulatory oversight and resource management within the oil and gas sectors.

What information must be reported on T-12 Oil Report & T-13 Gas Report Filing Guide?

The information required on the T-12 Oil Report includes production volumes, well details, and operational data. For the T-13 Gas Report, it includes gas volume production, flaring information, and sales data, among others.