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Waco IrisSociety News Website: http://www.kenfuchs42.net/waco×index.html Volume 6, Issue 6Email: wackiness×Gmail.combats All Folks 2013 Dykes Medal Winner May, 2014An affiliate of the American Iris
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Waco Iris stands for Withholding Agent Commission and Overriding Royalty Interest Statement, it is a form required by the IRS for reporting certain types of income related to oil and gas production.
Any individual or entity that is a withholding agent or receives overriding royalty interest income from oil and gas production is required to file Waco Iris.
Waco Iris can be filled out electronically using the IRS's online system or manually by filling out the paper form and mailing it to the appropriate address.
The purpose of Waco Iris is to report income related to oil and gas production that is subject to withholding and withholding tax.
Waco Iris requires information such as the name and address of the withholding agent, the type of income being reported, and the amount of income subject to withholding.
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