Form Dr-145x - Oil Production Monthly Amended Tax Return (2012) (Page 3 of 4) in pdf

DR-145X

R. 07/12

Page 3

General Instructions

Late Returns: If you amend your return to report production

Use this form (DR-145X) to amend the amounts previously

that results in additional tax due, a delinquency penalty of

reported on the Oil Production Monthly Tax Return (Form DR-145).

10 percent of the tax due will be assessed for each month, or

A separate return is required for each applied period you amend.

portion of a month, the return is late. The maximum penalty

cannot exceed 50 percent of the tax due. A minimum penalty of

Who Must File? Every producer of oil in Florida must file a

$50 per month, or portion of a month, applies even if no tax is

monthly tax return (DR-145). Producers must file a return even if

due; this penalty cannot exceed $300. A floating rate of interest

no tax is due. Producer means any person who:

applies to underpayments and late payments of tax. We update

•

Owns, controls, manages or leases oil property.

the rate January 1 and July 1 of each year by using the formula

•

Owns, controls, manages or leases oil wells.

established in Florida Statutes. To obtain interest rates, go to our

Internet site at

•

Produces any taxable oil products.

•

Owns any royalty or other interest in any taxable product

Electronic Funds Transfer (EFT): Any taxpayer who paid more

(consistent with oil production) or its value, whether the

than $20,000 in severance taxes between July 1 and June 30

taxable product is produced by, or on behalf of someone

of the state’s previous fiscal year, must send in their taxes by

under a lease contract or otherwise.

electronic funds transfer (EFT) in the next calendar year. For more

Return Due Date: Your payment (if applicable), returns, and

information on EFT requirements and procedures, visit our Internet

schedules are due to the Department on the 25

day of the month

site or contact Taxpayer Services at 800-352-3671.

after the oil was produced. Your DR-145 is late if the return and

Credit for Contributions to Nonprofit Scholarship Funding

payment are received or postmarked after the 25

day of the

Organizations (SFOs)

month following the production period. If the 25

is a Saturday,

A credit is available against severance tax on oil production for

Sunday, or state or federal holiday, your return and payment must

contributions to nonprofit scholarship funding organizations

be received or postmarked on the next business day, even if no

(SFOs). More information about this credit and how to submit

tax is due.

your Application for Tax Credit Allocation for Contributions

Amended Return Due Date: An Oil Production Monthly

to Non-profit Scholarship Funding Organizations (SFOs)

Amended Tax Return (Form DR-145X) is due when there are

(Form DR-116000) is on our internet site.

changes to the oil production figures or errors in the calculations

The Department of Revenue must approve an allocation of this

submitted with the original monthly return. An amended return

credit before it can be taken. One hundred percent of an eligible

must be filed if there are corrections to be made to tax returns that

contribution is allowed as a credit, but the amount of the credit

were submitted within three (3) years before the date the error was

taken may not exceed 50 percent of the gross tax due reported

discovered.

on Line 1 of the return. If the credit granted is not fully used in

A claim for refund or credit must be filed within three (3) years

any one fiscal year (July through June), the taxpayer must apply

after the date the tax was paid.

for approval to carry forward the credit in a subsequent year. An

unused credit cannot be carried forward more than five (5) years.

Instructions for Completing an Oil Production Monthly Amended Return

Name, Address, Federal Employee Identification Number

Net Change –

(FEIN), and Applied Period:

•

Subtract the amended taxable barrels produced from the

Enter your name, address, FEIN, and applied period being

taxable barrels that were reported on the previous return and

amended on the front of the form. Also enter the applied

enter the result.

period at the top of page 2.

•

Subtract the amended taxable value from the taxable value

Complete Schedules I, II, and III

that was reported on the previous return and enter the result.

•

Subtract the amended tax due from the tax due that was

Previously Reported - Enter the number of taxable barrels

reported on the previous return and enter the result.

produced, taxable value, and tax due as reported on the

original or last amended return for the month. Report the

Separate lines are required for each county of production.

net results of all previously filed returns if amended returns

Complete Schedule IV

were filed for this period.

Previously Reported – Enter the gross value as previously

Amended – Enter the revised number of taxable barrels

reported on the original return. Gross value means the total

produced, taxable value, and tax due for the month.

barrels of escaped oil produced times the value per barrel.

Amended – Enter the revised gross value for the month.

Form Dr-145x - Oil Production Monthly Amended Tax Return (2012) Page 3

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