Get the free Kansas K-49 - Oil Lease Property Tax Refund ... - State Legal Forms

K-49 KANSAS FOR OFFICE USE ONLY OIL LEASE PROPERTY TAX REFUND APPLICATION (Rev. 6/04) For the taxable year beginning, 20, DECEMBER 31 ending, 00 20. PART A ? OIL OPERATOR INFORMATION (Print or Type

How to fill out kansas k-49 - oil

How to fill out Kansas K-49 - oil:

1. Gather all necessary information: Before filling out the Kansas K-49 - oil form, ensure you have all the required information at hand. This includes the details of the oil transaction, such as the seller's name, the buyer's name, the date of the transaction, and the quantity of oil involved.
2. Complete the top section: In the top section of the form, you will need to provide general information. This includes your name, address, federal employer identification number (FEIN), and the tax year for which you are filing the form.
3. Enter the oil transaction details: In the main section of the form, you will need to provide specific details about the oil transaction. This includes the purchaser's name, address, and FEIN. You should also indicate whether the oil was purchased for use or resale.
4. Calculate the tax liability: Depending on the nature of the oil transaction, you may be liable for the Kansas oil severance tax. If applicable, calculate the tax by multiplying the quantity of oil by the appropriate tax rate, which can be found in the instructions provided with the form.
5. Complete the payment section, if necessary: If you owe taxes on the oil transaction, fill out the payment section of the form. This includes providing your payment method, such as a check or electronic funds transfer, and the amount you are paying.
6. Sign and date the form: Once you have filled out all the required sections of the Kansas K-49 - oil form, sign and date it. Make sure to review your entries for accuracy before submitting it.

Who needs Kansas K-49 - oil?

1. Oil producers: Kansas K-49 - oil is typically required to be filled out by oil producers in the state who engage in oil transactions, either for use or resale. This includes individuals, businesses, and organizations involved in extracting and selling oil.
2. Purchasers of oil: If you purchase oil for any purpose in Kansas, you may also need to be familiar with the Kansas K-49 - oil form. This form helps ensure compliance with state tax laws and accurately report oil transactions.
3. Tax professionals: Tax professionals, such as accountants or tax advisors, often deal with the Kansas K-49 - oil form on behalf of their clients. They help producers and purchasers navigate the form, calculate the tax liability, and ensure accurate reporting.

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What is kansas k-49 - oil?

Kansas K-49 - Oil is an informational report that must be filed by individuals or entities who have made payments related to oil production in Kansas.

Who is required to file kansas k-49 - oil?

Anyone who has made payments related to oil production in Kansas is required to file Kansas K-49 - Oil.

How to fill out kansas k-49 - oil?

To fill out Kansas K-49 - Oil, you need to provide detailed information about the payments made related to oil production in Kansas. This includes the amounts paid to each recipient, their contact information, and other relevant details.

What is the purpose of kansas k-49 - oil?

The purpose of Kansas K-49 - Oil is to track and report payments made in relation to oil production in Kansas for tax and informational purposes.

What information must be reported on kansas k-49 - oil?

On Kansas K-49 - Oil, you need to report the amounts paid to each recipient, their names, addresses, Social Security numbers or taxpayer identification numbers, and other relevant details.

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