Instructions For Filing Amended Oil Production Monthly Tax Return (Page 2 of 2) in pdf

DR-145X

R. 2/00

Page 4

Specific Instructions for Completing Amended Return

Enter Name, Address, FEIN and Applied Period: Enter your name, address, FEIN and applied period being

amended on the front of the form. Also, enter the applied period at the top of page 2.

Complete Schedules I and II: On page 2, enter the amounts of production, taxable value and tax due as

previously reported on the original return or last amended return for the applied month in the columns

indicated. Separate lines are required for each county of production. If amended returns have already been

filed for this applied month, enter the totals of the original returns and the net changes previously reported on

amended returns. Next, enter the amended amounts of production, taxable value and tax due for the applied

period. Then, enter the difference between the previously reported amounts and the amended amounts to

show the net change.

Complete the front of return:

Line 1

Carry forward to line 1 on the front of the return the amounts of tax due shown on line 6, Schedules

I and II.

Line 2

Enter any net change from amounts previously reported in value of escaped oil, if any.

Line 3

Calculate the change in tax due on escaped oil, if any.

Line 4

Enter the amount of any credit memo issued by the Department of Revenue and attach the original

credit memo to this amended return.

Line 5

Enter the total of line 1, columns A and B plus line 3 minus line 4.

Line 6

Calculate penalty and interest if your amended return is not timely filed.

Line 6a.

To calculate penalty, first determine the penalty rate. The penalty rate is 10 percent per month, or

fraction thereof, not to exceed 50 percent. Then, multiply the total tax due on line 6 by the penalty

rate.

Line 6b.

To calculate interest, use the floating market interest rate as determined below. For returns due on

or after January 1, 2000, a floating rate of interest applies to underpayments and late payments of

tax. The rate will be updated January 1 and July 1 of each year by using the formula established in

Section 213.235, Florida Statutes. To obtain interest rates:

• Visit the Department’s Web site at

• Call FAX on Demand, the Department’s document retrieval system, at 850-922-3676; or,

• Call Tax Information Services, Monday - Friday, 8:00 a.m. to 5:00 p.m., ET 1-800-352-3671 (in

Florida only) or 850-488-6800. Hearing or speech impaired persons should call our TDD at

1-800-367-8331 or 850-922-1115.

Line 7

Enter the total of lines 5 and 6. If Line 7 results in an overpayment you may elect to have a credit

memo issued or a refund of the overpayment. Effective January 1, 2000, the Department will pay

interest on refunds of this tax if the refund has not been paid or credited within 90 days of receipt of

a complete application for refund. A complete application will contain documentation establishing

the overpayment. Interest paid by the Department will be computed beginning on the 91

day

based upon a statutory floating interest rate that may not exceed 11%. The interest provisions do

not apply for refund applications filed prior to January 1, 2000, unless the claim is still pending as

of July 1, 2000.

Sign and date the amended return.

Check the box at the top if payment is made by electronic funds transfer (EFT).

Instructions For Filing Amended Oil Production Monthly Tax Return Page 2

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