North Dakota Oil Producers Report And Oil Purchasers Report Instructions Sheet (Page 9 of 23) in pdf

Specific Instructions For

Form T-10 and Form T-12 Coversheets

LINE INSTRUCTIONS

Current or Amended Report:

• Check only one.

• No amended or corrected reports for prior reporting periods may be reported on a current monthly report.

• Individual T-10 or T-12 coversheets must be accompanied by a county summary and worksheets and must be submitted for each

monthly period being reported.

• Do not combine months on the same report.

N.D. Admin. Code § 81-09-02-03.2 provides for a limited review of all amended reports submitted with a taxpayer’s claim for refund or

credit. The limited review focuses on verifying that tax was paid with a previous report and that the amended report is completed properly.

This review does not constitute an audit and does not preclude audit adjustments in the future.

Under no circumstances may a tax credit be applied on an original report without the express permission of the Commissioner. When the

tax credit is granted by the Commissioner, the taxpayer will be notified by telephone, with written confirmation, of the amount of the tax

credit which may be used to reduce the current month’s tax liability. A tax credit claimed on a current report without prior approval will

be disallowed by this office.

Month/Year: Enter numerals, e.g. 0 7 9 6 for July 1996.

Federal I.D. Number: Enter nine-digit Federal I.D. number.

Name, Address, and Telephone Number: Enter name and address (including a nine-digit zip code) of company. Enter telephone number

of individual completing report.

Line 1.

Gross Production Tax Paid with Report corresponds to the total of the Block 7 entries on the T-10 or T-12 worksheets and

to the Block 7 entry on the county summary. Round to two decimal places or the nearest cent.

Line 2.

Penalty on Gross Production Tax. N.D.C.C § 57-51-10 provides that a penalty of five dollars or five percent of the tax due,

whichever is greater, is imposed on delinquent oil taxes due. This penalty will not be imposed if all of the following conditions

are met:

• An amended monthly report is filed within sixty days of the due date of the original report

• The original report was filed by the due date.

• The tax reported and paid on the original report was ninety percent or more of the total tax due for the month.

Line 3.

Interest on Late Gross Production Tax. N.D.C.C. § 57-51-10 also provides for the payment of interest on all late payments

of the gross production tax at the rate of one percent per month of the tax due, for each calendar month or fraction thereof of the

late payment, except for the month in which the tax became due. The sixty day penalty exemption does not apply to any interest

due. N.D.C.C. § 57-51-05(1) provides further that any taxpayer who requests and is granted an extension of time for filing a

report shall pay interest at the rate of twelve percent per annum from the date the tax was due to the date the tax is paid.

Do not include interest on refunds on line 3 (see Refund Interest below).

Line 5.

Oil Extraction Tax Paid with Report corresponds to the total of the Block 11 entries on the T-10 or T-12 worksheets and to

the Block 11 entry on the county summary. Round to two decimal places or the nearest cent.

Line 6.

Penalty on Oil Extraction Tax. The oil extraction tax is subject to the same penalty provisions as the gross production tax.

However, penalties must be computed separately for each tax type. See instructions for line 2.

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North Dakota Oil Producers Report And Oil Purchasers Report Instructions Sheet Page 9